gener8tor launches free accelerator for Wisconsin college startups

By Jeff Engel, Xconomy

gener8torWisconsin startup accelerator Gener8tor has launched a free business training program to nurture young companies with ties to Badger State universities—and perhaps build a more direct pipeline of local companies for its main for-profit program.

The new initiative, dubbed gBETA, is essentially a “truncated version” of Gener8tor’s three-month accelerator held twice a year in Madison and Milwaukee, Gener8tor co-founder Troy Vosseller says. The inaugural session is underway in Madison and will culminate with an invitation-only pitch event on Aug. 13. (Disclosure: Gener8tor is a supporter of Xconomy in Wisconsin, but ourcoverage is determined independently by our editors.)

Like the main program, gBETA will accept five companies in each class and will alternate operations between Milwaukee and Madison. But gBETA will instead run six-week sessions during the spring, summer, and fall (following the academic calendar) that specifically target startups led by faculty, staff, students or recent graduates from Wisconsin universities and colleges. The program will not put any money into selected companies; nor will it take any equity stakes or options to invest later, or charge companies any fees to participate, Vosseller says. “It’s a purely free program,” he adds. Read more …

Tags: , , , , , ,