Five new startups have secured spots in the 2014 class at Milwaukee startup accelerator gener8tor. They were chosen from more than 450 applications for the program, which recruits, mentors and trains entrepreneurs leading high-tech business ventures from around the world.
The fifth gener8tor program will include: Project Foundry, a Milwaukee-based company that developed a web-based platform to help students and teachers manage and expedite authentic personalized learning; Beekeeper, a Madison-based company that has developed a software platform to help companies use their data to make smarter decisions; Modern Movement, a Madison-based firm creating the next generation of balance training products; Stock Mfg. Co., a Chicago-based clothing brand that uses traditional craftsmanship with an innovative sales model; and HITLIST, a Provo, UT company that has developed a SaaS application to increase engagement in online ads.
The 12-week program begins today. The accelerator provides an initial $20,000 cash investment and each company will receive another $50,000 in follow-on investment from gener8tor and investment partners Angels on the Water and Wisconsin Investment Partners.
Since the first class in June 2012, the 23 companies graduating from the program have raised almost $25 million in financing and created more than 150 jobs.
“The Milwaukee 2014 program brings a diverse mix of companies from Wisconsin and across the country,” said Troy Vosseller, co-founder of gener8tor. “We’re excited for these five great companies to join the Milwaukee and gener8tor startup communities.”