Sen. Baldwin Obtains $13.4M for Great Lakes Business Accelerator
TL/DR –
Wisconsin-based business accelerator gener8tor has been awarded $13.4 million to launch the “gener8tor Great Lakes Innovation Accelerator.” The funding will support entrepreneurs and small businesses in developing new technologies for Great Lakes coastal communities, aiming to improve resilience and boost the maritime economy. This initiative is part of the National Oceanic and Atmospheric Administration’s (NOAA) Ocean-Based Climate Resilience Accelerators program, funded by the Inflation Reduction Act supported by U.S. Senator Tammy Baldwin.
Wisconsin’s gener8tor Secures $13.4 Million for Great Lakes Innovation Accelerator
US Senator Tammy Baldwin has announced that Wisconsin-based gener8tor will launch the “gener8tor Great Lakes Innovation Accelerator,” supported by a substantial award of $13.4 million. This fund will aid entrepreneurs and small businesses in creating new technologies to enhance the resilience of Great Lakes coastal communities and boost the maritime economy.
The initiative is part of the National Oceanic and Atmospheric Administration’s (NOAA) Ocean-Based Climate Resilience Accelerators program, backed by the Inflation Reduction Act endorsed by Senator Baldwin.
Senator Baldwin stated, “gener8tor will leverage these funds to help small businesses and entrepreneurs scale operations, develop state-of-the-art technologies and ensure the resilience and economic strength of our Great Lakes for the foreseeable future.”
This announcement follows Senator Baldwin’s appeal to NOAA to prioritize the investment of Inflation Reduction Act funds in programs that improve research, increase resilience, and aid the management of the Great Lakes. gener8tor will use the funding to provide mentorship, support, and capital to aid rapid business growth, encouraging the creation of technologies and services that bolster the region’s economic and ecological resilience.
Founded in Wisconsin, gener8tor is a top-ranked accelerator that invests in high-growth startups. It supports their growth through its network of seasoned mentors, technologists, corporate partners, angel investors, and venture capitalists. Interested small businesses and entrepreneurs can apply to the Great Lakes Innovation Accelerator here.
View the online version of this release here.
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