The program is designed to support local tech entrepreneurs in their earliest form, while seen as an onroad for broader ambitions of a full-on gener8tor accelerator launching in Minneapolis early next year.
There is no funding/equity exchange with gBETA, rather teams meet individually and collectively throughout the course of the six week program for curriculum, networking, and mentorship.
“gBETA is basically a truncated version of our main accelerator program,” says Mark McGuire, who relocated to Minneapolis from Wisconsin over the summer to spearhead the initiative.
“It’s gener8tor light in terms of the committment and funding — we’re focused on the basic building blocks of what it means to start something and be an entrepreneur: customer discovery, MVP, first sales, and general validations is an example of the focus here.”
gBETA has executed five cohorts in Wisconsin, where McGuire and gener8tor hail from, now seeking 5-6 local teams local to work with in Minneapolis.
“The only hard and fast criteria we’re looking for is a venture scalable opportunity and coachability.”