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The New Braunfels Economic Development Corp., or NBEDC, received a presentation on a proposed investment aimed at strengthening entrepreneurship, workforce development and startup support through a partnership with Gener8tor, a nationally recognized startup accelerator platform, at a meeting Jan. 15.
Gener8tor operates accelerators in about 50 communities worldwide and has supported more than 2,100 startups, which have collectively raised about $2.9 billion in financing and created more than 15,000 jobs, according to Gener8tor’s website. The organization works with local governments, chambers of commerce and economic development corporations.
Some details: The proposed partnership would implement a nondilutive program, known as gBETA, which is a free, seven-week workshop that assists small businesses in acquiring external funding, without requiring owners to give up capital, according to the presentation.
The program also focuses on mentorship, weekly coaching, investor introductions and community engagement, leading to a public showcase of companies, said Robert Pieroni, a representative for Gener8tor.
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