INDIANAPOLIS, IN – Nationally ranked startup accelerator gener8tor today announced the participants of its gBETA Indy Spring 2018 cohort, which kicks off on Thursday. The five participating startups were selected from a pool of 52 applicants, and range from personalized medicine technology to coding curriculum software. Codelicious is included with SnapShyft, Woven, Pinpoint Pharma, and Selfless.ly.
gBETA is a free accelerator for early-stage companies with local roots. The program is capped at five teams, and requires no fees and no equity. Participants receive intensive and individualized coaching and access to gener8tor’s national network of mentors, customers, corporate partners and investors. In addition, participants will receive access to office hours with legal experts. gBETA is designed to help startups gain early customer traction on their product or idea, and establish metrics that make them competitive applicants for full-time, equity-based accelerators or seed investment.
Announced in January, the Indiana Economic Development Corporation (IEDC) and Hendricks Commercial Properties helped bring the program to Indiana. gBETA Indy is the first public, application-based accelerator in the state. The IEDC offered support for the first phase of the program as gener8tor works to establish a long-term presence in Indiana. Support from Barnes & Thornburg, Gutwein Law, and additional future partners will help ensure the sustainability and success of the program long-term.
“In Indiana, we’re committed to cultivating our entrepreneurial ecosystem by helping innovators start and scale their businesses, attract new capital and create jobs for Hoosiers,” said IEDC President Elaine Bedel. “We’re excited to continue supporting gBETA Indy, Indiana’s first public accelerator, and its first cohort of companies as they work with gener8tor to take their ideas to the next level.”
Although the intense coaching and mentorship, customer introductions, and investor pitches are reserved for only the five companies selected, there will be opportunities for the broader community to engage in the program. A free weekly lunch and learn, “OpenBETA,” will bring in local industry experts to discuss topics such as fundraising and revenue models. At the end of the program, the five companies will present at “LiveBETA” (Demo Day).