Technology start-ups in North Alabama have a new resource to speed their growth trajectory, thanks to a partnership announced between national start-up accelerator gener8tor and the MidCity Accelerator Foundation Inc.
Starting in mid-2021, four annual programs for entrepreneurs will be offered through this collaboration. The programs include three annual gBETA “pre-accelerator” programs and a once-a-year “gener8tor Accelerator Studio” program.
The gBETA program is a free accelerator that is designed to help start-ups gain early customer traction for their product or idea and establish metrics that can make them competitive applicants for full-time, equity-based accelerators or seed investment. The gBETA program will operate in both Huntsville and Florence-Muscle Shoals.
The Accelerator Studio will solicit applications and select five teams to each build a technology start-up from scratch. Selected participants will receive $100,000 in investment capital per team and work closely with gener8tor staff to build, design and launch new products or services.