Five of 50 Startups Selected for Beloit Accelerator
gener8tor, Hendricks Commercial Properties, Irontek welcome gBETA Beloit cohort
BELOIT, WI - Five Beloit companies have been selected to participate in Beloit’s local startup accelerator program. 1Director, Betz Botz, FAST Medical, MTOP Enterprise, and Nommli will engage in the gBETA Beloit program through national venture capital firm gener8tor.
gBETA Beloit is a free seven-week accelerator program designed to set a path for startups to pursue investment opportunities. Startup founders receive intensive concierge coaching and access to gener8tor's national network of mentors, customers, corporate partners, and investors.
gener8tor received almost 50 applications across Greater Beloit for the program. The five selected companies were chosen based on their growth potential and investor readiness.
“The selection of these five startups underscores the depth of entrepreneurial talent that Beloit possesses,” said Anthony Swindell, gBETA Beloit Director. “We are excited to work with these dynamic teams and help them realize their potential while contributing to the economic development of the region.”
The accelerator program will offer the startups invaluable guidance in refining their business strategies, scaling their operations, and accessing potential investors. This initiative aligns with the city’s vision of fostering economic growth, creating job opportunities, and promoting innovation.
The program is made possible by a partnership with Hendricks Commercial Properties and Irontek.
Erin Currier, Director of Investment at Irontek and Grey Collar Ventures, is excited to continue the opportunities for entrepreneurs in Beloit.
“Irontek just implemented our Phase 3 expansion this year, and we would love to see the coworking space continue to be a cornerstone for entrepreneurs in Beloit,” Currier said.
At the end of the gBETA program, the startup founders will pitch their companies to investors, community partners, and the public at a showcase event at 6:00 p.m., on Dec. 13 at Irontek. RSVP HERE
Startup companies and founders interested in learning more about gBETA’s programming and resources or applying to a future program can visit the gener8tor gBETA website, or reach out to Director Anthony Swindell at anthony@gener8tor.com. Those interested in mentoring these companies or getting involved in other ways are also encouraged to connect.
Fall 2023 Cohort Overview
MTOP’s Smart Suite is an integrated cloud-based software solution designed to provide a comprehensive set of tools for law enforcement agencies, security organizations, and intelligence bodies. Smart Suite aims to revolutionize the operational efficiency of these organizations by delivering a one-stop solution for managing video surveillance, evidence, intelligence, and reporting needs. MTOP has generated $1.8M in revenue to date, bringing in $10K in MRR, with over 700 devices connected in Illinois and Wisconsin.
MTOPenterprise.com | Co-Founder & CEO: Ray Montelongo, ray@monteltech.com
1Director solves the problem of inefficient, outdated, and non-collaborative funeral service planning. 1Director replaces all of the single-use tools and standalone products used by funeral staff with one seamless platform to improve business efficiency and allow families to actively collaborate with the funeral home staff. 1Director has four funeral homes – totaling 16 locations – committed to testing its MVP which launched this month.
1director.com | Co-Founder & CEO: Rianne Lund, rianne@1director.com
Betz Botz hosts combat robot competitions for builders all across the nation to compete and battle. Betz Botz also designs, builds, and sells combat robot kits, parts, and accessories for everyone from the hobbyist to the professional builder. Betz Botz has generated $14K in revenue to date and their events fill a bracket of 32 robots within two minutes of registration opening.
Betzbotz.com | Co-Founder & CEO: Joseph Betz, josephmbetz@gmail.com
Nommli is an ethnic restaurant meal shipping marketplace with the goal of connecting people and cultures through food. Nommli partners with ethnic restaurants to curate exclusive family-style meals and provide them with logistical solutions. Nommli is a platform where ordering food is more than just a cold transaction, it gives the experience of the culture, context of the food, and its history through rich user experience. Nommli currently has six restaurant partnerships and has generated $1.6K in revenue.
Nommli.com | CEO: Padmini Chintakayala, padmini.chintakayala@nommli.com
FAST medical is a cloud-based solution that supports assisted living facilities. FAST medical scores an individual on a weighted scale of 0-100 based on how much time is needed to meet the needs of the individual using an objective questionnaire. Based on the resident score, a recommendation for staffing per individual will be generated for the unlicensed personnel and nurse support providing oversight. FAST Medical has generated $32K in revenue to date and with two facilities and 90 beds, FAST Medical is gaining $124 MRR.
Fastmedical.org | CEO: Lauren Davis, lauren@fastmedical.org
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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 $714M+ in capital and created 4,281+ jobs across the U.S. and Canada.
About Hendricks Commercial Properties
From Beloit, Wisconsin, and beyond, Hendricks Commercial Properties focuses on revitalizing historic properties and creating environments where businesses flourish, jobs are created and communities are transformed. Hendricks Commercial Properties identifies specific needs within each community and develops a product that ties together history and modern luxury to become a destination that people want to be part of.
About Irontek
Irontek came to fruition in 2016 as an 8,000-square-foot coworking space and tech hub on the Ironworks Campus. It was developed to cultivate Beloit’s entrepreneurial community and provide an affordable workspace for startups, small businesses, and remote professionals. As demands grew, Irontek expanded into another 10,000 square feet and added more amenities. The space is now working on its third expansion, as it serves more than 160+ members and continues to grow and support new ideas every day.
