gener8tor is a Milwaukee-based accelerator that invests in high-growth startups.
Milwaukee-based startup accelerator gener8tor has announced the expansion of its gAlpha program. The program, which focuses on helping computer science students and industry experts partner to build companies, was first offered this summer in Beloit. The expansion will see the three-week program offered twice this academic year at the University of Wisconsin-Madison, in partnership with the UW-Madison Computer Sciences department and the Wisconsin Alumni Research Foundation, as gAlpha+CS.
"This is an exciting development because two of the best and most proven catalysts for entrepreneurship in the Madison area are coming together," said Jignesh Patel, professor of computer sciences and chair of the department's entrepreneurship committee. "By joining forces, we can accelerate the growth of tech entrepreneurship in Wisconsin, with the ambitious aim of pushing Wisconsin to the frontline of technology startup growth in the country."
gener8tor's seed accelerator program is offered in Milwaukee, Madison, and Minneapolis, accepting five companies from each city per year. $20,000 is invested in each company in return for an equity stake. gener8tor also offers the gBeta program, which helps fledgling businesses become competitive for angel financing and accelerators. The gAlpha program targets a step earlier in the process, helping innovators to see if their ideas could be developed to form a company. The hope is that gAlpha will expand to be offered in other cities beyond just Beloit and Madison, said Abby Taubner, managing director of gBeta.
"With gener8tor, gBeta, and gAlpha now, we can really plug someone in at any point, so it's really suited to any community, especially those with universities producing strong technical talent," Taubner said.
gAlpha+CS will begin recruiting students soon, and will launch in October. Read more here.