Gener8tor, along with 50 South Capital Advisors, is launching a seed fund, gener8tor 1889, and three accelerator programs in Fargo and Grand Forks, N.D., the organization announced recently.
According to a release, both the fund and accelerator will provide support, mentorship and access to in-state and out-of-state capital to early-stage companies throughout North Dakota.
“North Dakota has a wealth of entrepreneurial talent and we are thrilled to bring our focus on investing in the best and brightest to communities throughout the State, from Williston to West Fargo, gener8tor Co-Founders Joe Kirgues and Troy Vosseler said in a statement. “Together, along with 50 South Capital, we will ensure that North Dakota startups have access to the capital and resources necessary to thrive.”
Similar to other gener8tor accelerators, each of the five startups will receive $100,000 from the seed fund, and the gBETA program will provide free, non-equity acceleration mentorship to at least 10 startups annually.
For more information on the North Dakota accelerators, click here.
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