Global venture firm and accelerator network, gener8tor, selected 15 Alabama based startup businesses to participate in the company’s gBETA program.
The program will last for seven weeks, designed to set a path for startups to pursue investment opportunities. Startup founders will also receive intensive concierge coaching and access to gener8tor’s national network of mentors, customers, corporate partners, and investors.
“The goal of the gBETA accelerator is to help startups get ready to raise early stage capital and develop their go to market strategy,” said Emily Wykle, Regional VP at gener8tor. “By running programs with our partners in three cities across Alabama, we are able to engage more investors, customers, and corporate partners with our startups than ever before.”
RELATED: Innovation Portal, gener8tor partner for Gulf Coast accelerator
Neill Wright, President and CEO of Bronze Valley, explained the value of the gBETA program for not only startups, but the entire state.
“The relationship with gener8tor continues to strengthen as we welcome the sixth cohort of start-ups to the gBETA Bronze Valley VentureLab. This long-view, sustained approach to developing high-growth company entrepreneurs is certainly beginning to generate economic development impact statewide,” said Wright. “We are looking forward to assisting these companies along the path to the next stage of growth.”
gBETA Huntsville startups:
- Inviktus is a transmedia platform that blends augmented reality technology with storytelling, focusing on amplifying diverse cultural narratives. Inviktus has interviewed and started onboarding two social media interns in the U.S. to kick off its community-building effort across popular social channels. With a proposed launch this year, Inviktus has seen a 200% increase in content engagement across its primary social channel and has experienced staggering growth over the last 90 days: a 3,585% increase in follower rate.
- Seerletics helps high school coaches build the next generation of college athletes by
showing them their full potential, helping them optimize performance while marketing them to recruiters. Seerletics is piloting with the Bob Jones High School football team and plans to work with five other high schools by the end of the year. - Invis is an Inventory Visualization Tool that helps customers find products at local grassroots retail stores. Invis plans to launch in Huntsville this year.
- Qrave empowers food and beverage entrepreneurs by elevating their digital presence with responsive and search-optimized microsites at a fraction of the cost. Qrave has more than 100 users on its platform and continues to grow its user base 11% week over week.
- nCase is a Bluetooth-connected SmartCase and companion mobile app that detects the presence of clear aligners and reminds patients to wear their aligners when they forget. For the past three years nCase has achieved profitability through around $2 millioin in revenue from retail sales and licensing deals, most recently with Smile Direct Club and is expanding this year.
The accelerator supports five startups per cohort and requires no fees for startups and takes no equity.
Since launching in 2015, gBETA accelerator alumni have raised more than $718M in capital and created over 4,370 jobs across the U.S. and Canada.
gBETA is the product partnership between gener8tor, Innovate Alabama, Apollo Foundation by RCP Companies, Bronze Valley and Innovation Portal with support from Regions, Alabama Power, Blue Cross Blue Shield of Alabama, Alfa, Robins & Morton, and Fuqua Architects.
Austen Shipley is a staff writer for Yellowhammer News.
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