Young Minneapolis Entrepreneurs Can Rejoice Now

The city of Minneapolis is about to receive a new guest. It’s none other than Wisconsin’s largest startup accelerator, Gener8tor. Founded in 2012, Gener8tor has always been dedicated to helping startups that show a promise of growth.

Gener8tor staff often tours the country, meeting new and budding entrepreneurs and listening to their startup ideas.  Through its wide-spread initiatives and accelerator programs, it has formed a strong community of startups. Joe Kirgues, Co-founder of Gener8tor thinks that with its expansion into Minneapolis, Gener8tor will turn a new leaf.

What Is Their Accelerator Program All About?

With its program, Gener8tor selects early-stage startups for an intensive development program where they are mentored, get exposure to industry players, receive seed funding for further operations, and get access to other resources essential for growth. The accelerator program also provides them access to investors and venture capital sources. But there is a precondition. Each such selected startup is given a target of achieving certain benchmarks over a specified period of time.

Right now, Gener8tor offers two programs- one is a national-level program aimed at companies in advanced stages of development . The other program is called gBeta that seeks startup ideas from college campuses and then help those students with developing them further.

Competitors

In Minneapolis, they have one major competitor, Techstars. But unlike the former, the later only focuses on startups in the retail sector.

Gener8tor aims to launch its Minneapolis accelerator program by 2017 while the gBeta will start by fall, this year.

Takeaways:-

• Gener8tor is about to launch its Minneapolis startup accelerator program.
• It helps startups and sets benchmarks for them to achieve.
• gBeta is a separate accelerator program aimed at young students with interesting startup ideas.