gener8tor launching new climate tech accelerator
The program is underwritten in part from funding under a U.S. Department of Energy award.
There’s a new climate tech accelerator being launched at least in part as the result of funding from the U.S. Department of Energy (DOE).
The new “gener8tor Direct Air Capture (DAC) Accelerator” is set to empower early-stage start-ups that are pioneering groundbreaking carbon dioxide removal technologies in Illinois and the Midwest. This new accelerator program is made possible through DOE’s Direct Air Capture (DAC) Pre-Commercial Energy Program for Innovation Clusters (EPIC) Prize.
During the 12-week program that is expected to begin in April 2024, gener8tor will provide five start-ups with coaching, mentorship, and networking opportunities to drive their business forward. Each participant will receive a potential $100,000 investment as part of the program. The accelerator program, based in Chicago, will embrace a hybrid format, with both virtual and in-person components, ensuring widespread accessibility.
According to gener8tor’s news release announcing the program, the Clean Air Task Force (CATF), a respected climate and energy expert organization, will act as an advisor and supporter of this program on a pro bono basis. CATF brings 25 years of experience as a leading global non-governmental organization with significant advocacy, analytical, and technical expertise with regards to carbon management technologies. CATF will advise on the scaling of new technologies and projects, the markets in which they operate, and the important system contexts in which these technologies will exist.
The Company Lab in Chattanooga has partnered with the Madison, WI-based organization on the new “CO.LAB Sustainable Mobility Accelerator powered by gener8tor” scheduled to launch on January 18.