As the new year begins, several Minnesota organizations have started seeking startups and entrepreneurs to take part in their accelerator and incubator programs.
With a growing startup and venture capital ecosystem in the Twin Cities and Greater Minnesota, founders and emerging companies have access to programs that can help them boost their reach — whether through mentorships, connections to investors or funding opportunities.
While this list may not be exhaustive of all options available, here is a snapshot of some local programs that currently have open applications (and will be closing them soon):
- Mayo Clinic Platform’s Accelerate – a 20-week program designed to provide health-tech, AI-focused startups with an immersive experience in the industry (for the third cohort, apply by Jan. 31)
- Grid Catalyst’s PowerNorth Incubator – a seven-week program matching deep-tech, energy startups to corporate mentors to develop their product approaches and value propositions (for the first cohort, apply by Jan. 31)
- The Lunar Accelerator – a six-month program by Lunar Startups that is focused on founders who are LGBTQ, women, non-binary and people of color (for the sixth cohort, apply by Jan. 31)
- ILT Academy – 10-week programs for entrepreneurs or soon-to-be entrepreneurs in areas of Greater Minnesota, includes Fastlane 94, Innovate 218 and NOW Network programs (for all three, apply by Jan. 31)
- Target Accelerators – Minneapolis-based Target Corp. offers two programs for consumer-packaged goods brands, the Target Forward Founders for early-stage companies, and Target Takeoff for more mature companies that are ready to scale (for 2023 programs, apply by Feb. 3)
- BETA Cohort – a free, non-dilutive accelerator program based in Minnesota, running for four months (for spring 2023, apply by Feb. 10)
- Gener8tor’s gBETA Medtech Accelerator – a Minneapolis-based, no-equity program for med- and health-tech companies that is led by Boston Scientific Corp., St. Paul-based University Enterprise Labs and an initiative of the Biomedical Advanced Research and Development Authority (for spring 2023, apply before March 27)
- Techstars Farm to Fork – an accelerator program centering on the future of food and agriculture, partnered with St. Paul-based Ecolab Inc. (for 2023 class, apply by April 5)
- Gener8tor's OnRamp Insurance Accelerator – A three-month program, led in partnership with Allianz Life and Securian Financial, for insurance- and finance-tech startups (apply by April 10)
- Gener8tor’s gBETA St. Thomas Accelerator – a St. Paul-based, seven-week program for companies with at least one founder who was a graduate of the University of St. Thomas (for summer 2023, apply before May 22)