gener8tor Partners with Indiana Economic Development Corporation on 5G Technology and Energy & Sustainability startup accelerators
INDIANAPOLIS - Global venture firm and startup accelerator, gener8tor, in partnership with the Indiana Economic Development Corporation, kicked off the gBETA 5G Technology and gBETA Energy & Sustainability cohorts in March. The gBETA accelerator focuses on early-stage companies with the potential to grow in Indiana. See details about the selected companies at the end of this release.
gener8tor gBETA is a free seven-week, no-equity accelerator program that provides startup founders with intensive concierge coaching and access to its national network of mentors, customers, corporate partners and investors. The programs are designed to set a path for startups to participate in equity-based accelerator programs and investment opportunities.
Ty Tjoelker, director for gBETA Energy & Sustainability, and Davide Dantonio, program manager for 5G Technology, interviewed and selected startups from a competitive pool of applicants locally and nationwide in an effort to support homegrown companies while also introducing startups to the resources available in Indiana. Programming will be held at 16 Tech and The Heritage Group.
“Indiana sees incredible value in building and supporting an ecosystem where innovators in these fast-moving and high-tech industries can thrive,” said Natasha Jensen-Matta director of small business at the Indiana Economic Development Corporation (IEDC). “We are looking forward to working with gener8tor and these impressive companies to help them establish, grow and thrive in Indiana.”
Together, gener8tor and the IEDC aim to bring economic diversity and job growth to Indiana.
“We’re thrilled to partner with the IEDC to strengthen innovation and bring economic diversity to Indiana,” said Ty Tjoelker, gener8tor gBETA Energy & Sustainability director. “It’s exciting to get to play a role in the journeys of these impressive companies.”
Founders from the Energy & Sustainability cohort will pitch at gener8tor’s Agriculture Conference August 28-29, 2023, in Indianapolis.
Founders from the 5G Technology cohort will pitch at gener8tor’s Manufacturing Conference in October in Indianapolis.
Startup companies and founders interested in learning more about gBETA’s programming and resources or applying to a future program are encouraged to visit gener8tor’s gBETA website.
gBETA 5G Technology Cohort
DigsFact’s AI solution enables remote assessment of properties for maintenance, repair and construction for the property insurance and home improvement industries. DigsFact analyzes real-time insights from interior or exterior photos to detect building materials, early signs of damages and on-demand measurements enabling accelerated estimation of property
repair as well as preventive care.
DigsFact has total revenue of $270,000 since December 2020 from pilot projects and signed a partnership agreement with CoreLogic with an expected $1M ARR.
CEO: Nishant Tomar | nishant@digsfact.com | digsfact.com
DiversiFind’s web-based SaaS platform supports companies and their DEI goals by diversifying their vendor pool. DiversiFind connects traditionally under-represented vendors and those who hire them through an online platform. The community includes the ability to advertise projects and jobs, get certified and track analytics.
DiversiFind has added 15 diverse suppliers to the platform since launch in January 2023.
CEO: Lesley Crane | lesley@diversifind.com | diversifind.com
Vertikal X’s platform accelerates the careers of underserved athletes by connecting them with coaches, scouts, investors and brands who want to support their athletic pursuits with accountability. The proprietary “VTX Score” algorithm considers four key components: education, social media impact, training and athletic performance. By leveraging AI and MLtechnologies, the VTX score is able to identify promising athletes and provide them with the funding and resources they need to succeed.
Vertikal X team has negotiated and closed sponsorships and partnerships valued at more than $250K with international brands and sports academies. Currently in pre-launch, the MVP is being tested on 100 athletes in different sports (1Q 2023).
CEO: Jose Carlos Sarmiento | c@vertikalsports.com | vertikalsports.com
PROSPECT XR’s patented SaaS platform envisions a new model of work with a decentralized leadership and promotion structure. In this system, employees' work and contributions are judged by their peers using PROSPECT XR's easy-to-install bot. The bot quantifies employees' work quality and engagement with reputation points. Then, admins or leaders can leverage that data to determine voting and decision-making rights within the team or community. In exchange, admins pay PROSPECT XR a monthly subscription or partial
ownership (via tokens).
Prospect XR currently is in beta testing across three communities with about 6000 users total. Prospect XR also has agreements to be used in five communities.
CEO: Brady Anderson | brady@prospectxr.com | linkedin.com/company/prospect-xr
HomeHealthPRO’s marketplace mitigates the issues of staffing shortage and increasing labor costs experienced by home health agencies. It also integrates staffing with patient documentation to streamline the billing process, differentiating HomeHealthPRO from other staffing solutions.
HomeHealthPRO has generated over $1,250 in revenue since launch in Q4-2022 with 142+ patient visits conducted via 44 client agencies. The app has 2,000+ downloads and the website has over 12,500 visits.
CEO: Stephen Carter | scarter@homehealthproapp.com | homehealthproapp.com
gBETA Energy & Sustainability Cohort
ONE SCIENTIFIC is developing revolutionary technologies that lower the cost of manufacturing green hydrogen up to 75% less
than conventional systems. ONE SCIENTIFIC helps smaller volume customers in chemicals, electronics, glass, fats & oils, and emerging fuel cell energy markets increase profit and reduce carbon emissions by generating hydrogen onsite from pure water.
ONE SCIENTIFIC has achieved TRL4 by building several low-fidelity prototypes and validating in a
laboratory environment.
COO: Jon Barnwell |jon.barnwell@onescientific.com |onescientific.com
Flex Energy develops a flexible, creasable, washable and safe battery for next generation wearables. FlexEnergy batteries have capacities in the range from 10 mAh -1000 mAh which can be used in military and medical applications. FlexEnergy’s batteries can be seamlessly integrated with next generation wearables and flexible electronics that currently available Li-ion battery technologies cannot provide.
Several prototypes have been tested successfully for flexibility up to 90 degrees and 3 wash cycles and are ready for consumer trials.
CEO: Suvankar Sengupta | suvankarsengupta@flexenergyllc.com| flexenergyllc.com
Algaeo, LLC creates systems that turn single use plastic containers into algae bioreactors. Algaeo focuses on air purification, carbon
capture/credits, and organic fertilizer production, which makes it easy for anyone to grow algae by providing the tools and knowledge needed. Algaeo’s technology enhances aerators that provide atmospheric carbon dioxide and nitrogen directly into the algae growth environment making it possible for farmers to grow sustainable fertilizers and increase their revenue through carbon credit.
Algaeo has captured a total revenue of $50,000 from grants and income. Our technology
will soon be covered by a provisional patent, with full patent protection coming shortly
thereafter.
CEO: Nicholas Sokol | Nsokol@algaeo.io | Algaeo.com
Everewear is an AI powered shopping platform that helps people find the secondhand clothes they love in minutes instead of hours. Everewear applies machine learning and AI to decrease customer shopping time by 60% and increase conversion for our strategic suppliers by 25%.
Everewear has a waitlist of over 500 customers and commitment
from Shop Goodwill.
CEO: Anna Dorris | anna@everewear.com | everewear.com
Edison Aerospace (Edison) is a designer and distributor of Agricultural electric aircraft used for aerial application of seed and solid and liquid crop treatment products on a large scale. Edison’s mission is to bring a better, cheaper, and safer product to the spray operators who are currently spraying about 127M crop and forestry acres in the US annually
CEO: Gene Avakyan | gene@edison.aero | edison.aero
About gener8tor
gener8tor is a global venture firm and accelerator network that supports startups, workers, employers, artists and musicians across race, place and gender. gener8tor partners with companies, governments, universities and nonprofits to operate programs and conferences in more than 41 communities across 22 states and two countries. Fast Company named gener8tor one of the Best Workplaces for Innovators in 2021 and 2022. The International Trade Council recognized gener8tor as the Global Venture Capital Firm of the Year in 2022.
About gBETA
gBETA is a non-equity accelerator that facilitates the growth of early-stage companies through a network-driven program. This 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 $548M in capital and created 3,719+ jobs across the U.S. and Canada.
About IEDC
The Indiana Economic Development Corporation (IEDC) is charged with growing the State economy, driving economic development, helping businesses launch, grow and locate in the state. Led by Secretary of Commerce Brad Chambers,@SecChambersIN, and governed by a 15-member board chaired by Governor Eric J. Holcomb,@GovHolcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visitiedc.in.gov.
