(The Center Square) – Wisconsin’s gener8tor will be receiving $13.4 million in federal funding for its gener8tor Great Lakes Innovation Accelerator to fund new technologies from small businesses in the Great Lakes coastal area.
The business accelerator invests in startups with high potential for growth and supports that network with mentors, technologists, corporate partners, angel investors, and venture capitalists.
The group will work with companies involved in innovative water technologies in an effort to create lasting companies that positively impact the Great Lakes region’s economic and environmental resilience, gener8tor said.
The group is currently seeking companies for its spring 2025 accelerator.
The federal funding comes from the Inflation Reduction Act through the National Oceanic and Atmospheric Administration’s Ocean-Based Climate Resilience Accelerators program.
“With this funding, gener8tor will help these small businesses and entrepreneurs scale their operations, develop cutting-edge technologies, and ensure our Great Lakes are resilient and the economy that relies on them is strong for years to come,” said Sen. Tammy Baldwin.