‘Preaccelerator’ program announced to benefit OKC entrepreneursPublished: Tuesday, June 8, 2021 By: Journal Record Staff Source: The Journal Record
A nationally ranked business startup accelerator called gener8tor will contribute to the early-stage growth of companies in Oklahoma City.
The Greater Oklahoma City Chamber, Inasmuch Foundation, Square Deal Capital, American Fidelity Assurance Co., Oklahoma State University, University of Oklahoma, and Love’s Travel Stops & Country Stores Inc. have formally announced a new partnership with gener8tor.
Beginning in the fall, two annual “gBETA preaccelerator” programs for entrepreneurs will be offered through the collaboration.
The news was first reported in the June issue of The Point produced by the Greater Oklahoma City Chamber.
The development is significant, according to Chamber CEO and President Roy Williams.
“Their national network of support will give companies in their program here access we have not been able to provide before,” Williams wrote. “Each time we add to our entrepreneurial ecosystem, it grows stronger, and it takes all the pieces – the co-working spaces, the pre-accelerators, the training programs, the venture capital, the networking activities and more – to create the dynamic environment that catalyzes company creation and job growth.”
According to The Point, since launching in 2015, gBETA program alumni have raised more than $188 million in capital and created more than 2,000 jobs across the U.S. and Canada. GBETA is designed to help startups gain early customer traction on their product or idea and establish and execute on metrics that make them competitive applicants for full-time, equity-based accelerators or seed investment. Participants receive intensive and individualized coaching and access to gener8tor’s national network of mentors, customers, corporate partners and investors.
Gener8tor is currently hiring a director to operate the gBETA program and is accepting applications from startups to take part in inaugural Oklahoma City iterations. Plans are to support five teams per cohort with no fees or equity required. Office hours are available to entrepreneurs to get support with businesses and learn more about applying for the gBETA fall 2021 program. More information on the application, signing up for office hours and additional ways to get involved is available at gbetastartups.com/oklahoma-city.