gBETA In the News
Friday, April 27
gBETA Indy Announces Inaugural Cohort
INDIANAPOLIS, IN – Nationally ranked startup accelerator gener8tor today announced the participants of its gBETA Indy Spring 2018 cohort, which kicks off on Thursday. The five participating startups were selected from a pool of 52 applicants, and range from personalized medicine technology to coding curriculum software. Descriptions for all five companies can be found at the bottom of this release.
gBETA is a free accelerator for early-stage companies with local roots. The program is capped at five teams, and requires no fees and no equity. Participants receive intensive and individualized coaching and access to gener8tor’s national network of mentors, customers, corporate partners and investors. In addition, participants will receive access to office hours with legal experts. gBETA is designed to help startups gain early customer traction on their product or idea, and establish metrics that make them competitive applicants for full-time, equity-based accelerators or seed investment.
Announced in January, the Indiana Economic Development Corporation (IEDC) and Hendricks Commercial Properties helped bring the program to Indiana. gBETA Indy is the first public, application-based accelerator in the state. The IEDC offered support for the first phase of the program as gener8tor works to establish a long-term presence in Indiana. Support from Barnes & Thornburg, Gutwein Law, and additional future partners will help ensure the sustainability and success of the program long-term.
“In Indiana, we’re committed to cultivating our entrepreneurial ecosystem by helping innovators start and scale their businesses, attract new capital and create jobs for Hoosiers,” said IEDC President Elaine Bedel. “We’re excited to continue supporting gBETA Indy, Indiana’s first public accelerator, and its first cohort of companies as they work with gener8tor to take their ideas to the next level.”
Although the intense coaching and mentorship, customer introductions, and investor pitches are reserved for only the five companies selected, there will be opportunities for the broader community to engage in the program. A free weekly lunch and learn, “OpenBETA,” will bring in local industry experts to discuss topics such as fundraising and revenue models. At the end of the program, the five companies will present at “LiveBETA” (Demo Day). To stay up-to-date on these events and more ways to get involved, follow the gener8tor Indiana Meetup page, and sign up for the gBETA Indy mailing list.
SnapShyft’s digital gig-staffing software for the food and beverage, and hospitality industries instantly connects venues of all sizes with reliable, qualified hospitality workers at the push of a button. On-demand and advanced shift coverage, as well as a 90% success rate makes SnapShyft the most cost-effective solution to handling understaffed instances. SnapShyft has created an efficient market for buyers and sellers of shift work, helping the hospitality industry address understaffing with a proven technology solution.
Thor Wood | email@example.com | www.snapshyft.com
Woven makes hiring software engineers smooth and predictable with tailored engineering scenarios that let candidates demonstrate their collaboration, problem solving, and technical aptitude in about an hour. Woven’s rigorous analysis and recommendation finds diamonds in the rough, removes poor fits early, and wins you time to focus on the human side of hiring.
Wes Winham | firstname.lastname@example.org | www.woventeams.com
Pinpoint Pharma harnesses inkjet printing technology to create personalized medicine printers and prefilled medicine cartridges for use by compounding and clinical pharmacists. The leader in small-scale personalized medicine technology, Pinpoint Pharma provides pharmaceutical products on-demand for individual customers, and custom production capability for existing pharmacies.
Arun Giridhar | email@example.com | pinpointpharma.co
Selfless.ly helps businesses of all sizes easily create, maintain, and track a CSR (Corporate Social Responsibility) program through an online platform. Non-Profit organizations can post volunteer opportunities, receive donations, and more. Selfless.ly is an Indianapolis-based Certified B Corp Pending, and has launched its MVP with active customers using the system.
Joshua Driver | firstname.lastname@example.org | selfless.ly
Codelicious builds confidence in educators and students by providing a platform for instant access to computer science curriculum for grades 3-8. This interactive, comprehensive, and teacher-led curriculum is kept up-to-date, ensuring that teachers are always connected with the most current technology. Along with their full-semester curriculums, Codelicious provides educator support in the form of detailed lesson plans, professional development training, efficacy tracking, and educational standards compliance.
Christine McDonnell | email@example.com | www.codelicious.com
gBETA is a program of nationally ranked startup accelerator gener8tor. gBETA is a free accelerator for early-stage companies with local roots. Each program is capped at five teams, and requires no fees and no equity. gBETA currently operates nine programs: Beloit, Cincy, Detroit, Indy, Madison, Medtech, Milwaukee, Minneapolis, and Northeast Wisconsin. gBETA graduates have collectively raised more than $5.5M since 2015, and 50% have either gone on to participate in a full-time, equity-based accelerator or raised a seed round of at least $50K within one year of their participation in gBETA. For more statistics, visit gbetaaccelerator.com/statistics.
gener8tor is a nationally ranked accelerator that invests in high-growth startups. Three times a year gener8tor invests up to $140K in each of five startups who receive a concierge experience during its 12-week accelerator program. gener8tor supports the growth of these startups through its network of experienced mentors, technologists, corporate partners, angel investors and venture capitalists.
To date, gener8tor’s 65 alumni have cumulatively raised more than $150M in follow-on financing. Of these 65 alumni, 57% have raised more than $1M in follow-on financing or been acquired.
gener8tor invests in high-growth startups, including software, IT, web, SaaS, life science, medtech, e-commerce and hardware. Accepted startups receive up to $140K and 12 weeks of mentorship-driven programming. gener8tor is a proud member of the Global Accelerator Network (GAN) and is sponsored by American Family Insurance. gener8tor is a GOLD-tier accelerator in the U.S. as ranked by the Seed Accelerator Rankings Project.
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