Six fast-growing startups have been selected to receive a $100,000 investment each and will participate in the 12-week gener8tor Madison startup accelerator program.
The capital invested in this cohort will come from a new gener8tor fund that will invest primarily in Wisconsin-based companies, or those with the potential to relocate to and thrive in the state. The cohort include four startups from Madison, one from Dallas and one from Toronto.
Molly Dill, managing director of gener8tor Madison, said one company has already been convinced to relocate to Madison.
The startups were selected from hundreds of applications from across the world based on the demonstrated domain expertise of their teams, their growth potential and their investor readiness.
“gener8tor is pleased to have invested in such a diverse array of industries, geographies and founder backgrounds for this cohort,” said Dill in a press release.
The intensive cohort-based accelerator program includes one-on-one coaching, mentorship-driven programming, $1 million-plus in deals and perks, and over 100 connections to the gener8tor network of mentors and investors.
The gener8tor Madison program is made possible by a partnership with Michael Best.
Following the gener8tor Madison program, the startup founders will pitch their companies to investors, community partners and the public at a Showcase event during Madison’s Forward Fest this August.
The selected startups are:
- Plumb Pharmaceuticals, Madison — An addiction recovery pharmaceutical platform. Plumb has completed early preclinical animal studies and customer validation with more than 150 key stakeholders, including patients, clinicians, and potential development partners Alkermes and Mallinckrodt.
- Technova Industries, Madison — Data convergence and security software. Technova has secured its first three customers, totaling $30,000 in revenue.
- Cubby, Madison — A family productivity app. A QNBV-certified (qualified new business venture) startup, Cubby has built an MVP (minimum viable product) and has onboarded 20 pilot families.
- Transfur, Madison — A veterinary records analysis tool. Transfur has brought on four veterinary specialty customers and is gaining traction with two prominent corporate groups.
- TechComb, Dallas — Machine vision manufacturing software. TechComb has achieved more than $1.3M in lifetime revenue since 2020 and has two patents in the IP pipeline.
- Healthy Cow, Toronto — A dairy cow microbiome platform. Healthy Cow has generated about $40,000 in direct-to-farmer and distributor sales and has been used on more than 4,000 cows.
The next gener8tor Wisconsin program will take place in fall of 2024 in Milwaukee.
