Accelerator Programs in the U.S.
The City of Houston (Texas) and the City of Akron (Ohio) are two examples of U.S. municipalities that have partnered with an existing startup accelerator in order to bring the accelerator to the municipality. There's wasn't much information available about the process that took place to help the accelerator move to the local area, but we provided as much information about such as was available.
City of Houston & gener8tor
- In 2019, the City of Houston partnered with the existing startup accelerator gener8tor, in order to bring that accelerator to the Houston municipality.
- This link is to gener8tor's website.
- Based in Wisconsin, gener8tor brought its gBETA program to Houston to "focus solely on Houston-based, early-stage startups."
- This link is to the website for gener8tor's gBETA program in Houston.
- Gener8tor was established in 2012 and operates in Michigan, Nebraska, Indiana, Ohio, Ontario, Minnesota, California, Wisconsin, and now Texas.
- In total, gener8tor runs its gBETA program in 17 markets. Houston was the first Southern market that gBETA operated in.
- Gener8tor's gBETA program is "financed by an up to $1.25 million economic development grant from the Downtown Redevelopment Authority [in Houston], which administers funds collected by the tax increment reinvestment zone."
- The Mayor of Houston, Sylvester Turner, said the following of the city's partnership with gener8tor: "This is the latest significant partnership in advancing our strategic plans to make Houston an innovation city at a world-class level."
- Two gBETA programs will be offered to startups by gener8tor each year in Houston.
City of Akron & MORTAR
- In February 2020, it was announced that the City of Akron (along with the Greater Akron Chamber of Commerce, Bounce Innovation Hub, the Burton D. Morgan Foundation, and the GAR Foundation) had partnered "with MORTAR, an accelerator and business development service for historically marginalized entrepreneurs."
- MORTAR is a Cincinnati-based accelerator that was established in 2014.
- This link is to MORTAR's website.
- MORTAR runs "a 15-week program that helps both existing and aspiring entrepreneurs learn the fundamental elements of business ownership and build a comprehensive business canvas."
- Essence Magazine credited MORTAR "with helping Cincinnati become the fastest-growing economic power in the Midwest for minority small business owners."
- The Mayor of Akron, Dan Horrigan, said that "[t]his partnership with MORTAR will continue to grow Akron’s support for non-tech and neighborhood businesses, and will engage and elevate some of our community’s most dynamic and promising entrepreneurs."