Gener8tor, an accelerator that invests in high-growth startups, announced plans to expand its gBETA program to Indianapolis, helping launch five early-stage companies located in Indiana.
Through the gBETA Indy program, five Indiana startups will participate in a free, seven-week program hosted by Hendricks Commercial Properties at its Massala Building on Massachusetts Ave. in Indianapolis. Participating companies will receive individualized coaching and office space, as well as access to gener8tor’s national network of mentors, potential customers, corporate partners and investors.
The program is designed to help startups build consumer awareness with its product or idea and establish the industry-specific metrics needed to become candidates for angel investment or full-time accelerators like gener8tor.
“Indiana has created an entrepreneurial ecosystem where business accelerators like gener8tor can help foster Hoosiers’ innovative ideas and transform them into successful companies,” said Indiana Gov. Eric J. Holcomb. “The gBETA program will be the first public accelerator in Indiana’s history, creating a pipeline for homegrown startups to connect with a national network of investors and customers.”
The first cohort of startups in the gBETA Indy program is scheduled to run from April 29 to June 14. After the initial phase, gener8tor plans to scale gBETA Indy to two or three times per year, with up to five companies participating in each cohort.
The deadline to apply for the gBETA Indy program is April 6 and applications are currently open to only Indiana-based startups.
