Distillery Labs partners with gener8tor for a new accelerator

PEORIA, Illinois., June 1, 2021 / PRNewswire / – Nationally Rated Startup Accelerator gener8tor, OSF HealthCare, Peoria County, Hanson Professional Services, Central Illinois Angels and Attollo announced a new partnership to help accelerate the growth of start-ups in the Grand Peoria Region. Starting this fall, two annual gBETA “pre-accelerator” programs will be offered to local entrepreneurs as part of this collaboration.

gBETA accelerates the growth of start-ups through its network-focused program. gBETA supports five teams per cohort and does not require any fees or equity. Since its launch in 2015, alumni of the gBETA program have raised more than $ 188 million in capital and created more than 2,000 jobs in the United States and Canada. gBETA is designed to help startups quickly attract customers for their product or idea, and establish and execute metrics that make them competitive candidates for full-time accelerators based on equity or start-up investments. Participants receive intensive, one-on-one coaching and access to gener8tor’s national network of mentors, clients, corporate partners and investors.

The gBETA program in Grand Peoria will be an initiative of Distillery Labs, which is positioned to become the epicenter of the regional entrepreneurial ecosystem and is one of 15 members of the Illinois Innovation Network. Distillery Labs is also located in the Innovation District in the heart of downtown Peoria. The name reflects by Peoria entrepreneurial heritage which earned it its reputation as the “whiskey capital of the world” during the last half of the 19th century and now covers the principles necessary for building future businesses in the region: the distillation of ideas into new businesses flourishing.

Executive Director of Distillery Laboratories Paul Leamon says it’s appropriate to have gBETA as Distillery Lab’s first major initiative.

“We are delighted to launch a proven program with a world-class accelerator such as gener8tor. Entrepreneurs in the gBETA Distillery Labs program will have the opportunity to leverage national resources and a support network to take their idea from concept to potentially the Peoria the next Fortune 500 company in the region.

PeoriaOSF HealthCare, a system of 14 hospitals providing primary, specialist and home health care, as well as an ever-expanding digital health program, is a major sponsor of the gBETA effort.

Kip McCoy, Vice President of Innovation Integration, explains, “This top-level support will develop entrepreneurs and startups from multiple sources, including those that may result from concepts and inventions from local businesses, like OSF , and provide them with additional expertise and access to capital to turn their solution into a business product or service. ”

“The county of Peoria sees its partnership and investment in gBETA as essential to innovation and the entrepreneurial economy in our community and region, ”said Scott sorrell, Peoria County administrator. “Investing in gBETA will prepare entrepreneurs in our community for success and for future equity and venture capital funding opportunities that will drive their growth and expansion.”

“The Grand Peoria The region recently adopted a new comprehensive five-year economic development strategy. An underlying theme of the plan was the need for greater resilience, a condition achieved only by having a larger economy that supports small and medium enterprises, ”said Christophe Setti, CEO of the Greater Peoria Economic Development Board. “The gBETA program is a great example of implementing this strategy.”

Peoria has been recognized as one of the top 50 best cities in the Midwest for startups for its growing amount of resources, low overhead, global connections, highly skilled workforce, and network of supporting partners. gBETA aims to be another layer in the growth of Peoria and tapping into other resources across the country to amplify the local entrepreneurial ecosystem and the results it is capable of achieving. Peoria will be the 28th market where gBETA is offered; mentors, investors and partner companies from the other 27 markets will be available to locals Peoria entrepreneurs through this partnership.

“We are delighted to help bring gener8tor and its gBETA program to Peoria’s entrepreneurial ecosystem, ”said Kurt Bialobreski, PE, PTOE, associate vice president and chief innovation officer at Hanson. central Illinois. “

A non-profit organization that sowed Peoria-area start-ups since 2009 is delighted to see the effort expand.

President of the council Jim Côté said: “Central Illinois Angels is happy and proud to support gBETA’s effort as it establishes itself in Peoria. Our members are excited to help new businesses learn more about the great business environment our region offers and how we can be a part of their success. ”

gener8tor is currently recruiting a director to manage the gBETA program and is accepting applications from startups to participate in the inaugural gBETA Distillery Labs program. Startups from all sectors and all geographies within the Grand Peoria region will be considered. Office hours are available for contractors all over the Grand Peoria region to get help with their business and learn more about applying for the gBETA program. More information is available at http://www.gbetastartups.com/distillery-labs.

The gBETA Distillery Labs program is offered with the support of OSF Health, Peoria County, Hanson Professional Services, Angels of central Illinois, and Attollo.

A digital version of this press release with photos, video and audio clips is available on the website OSF press room.

About OSF Santé
OSF Health is an integrated healthcare system owned and operated by the Sisters of the Third Order of St. Francis, headquartered in Peoria, Illinois. OSF HealthCare employs over 23,600 mission partners in 147 sites, including 14 hospitals – 10 acute care, four critical access – with 2,097 licensed beds and two nursing colleges everywhere Illinois and Michigan. The OSF HealthCare physician network employs more than 1,500 primary care, specialist and advanced practice providers. OSF HealthCare, through OSF Home Care Services, operates an extensive network of home and palliative care services. He also owns Pointcore, Inc., comprised of companies related to health care; OSF HealthCare Foundation, the philanthropic arm of the organization; and OSF Ventures, which provides investment capital to promising healthcare innovation startups. More than https://www.osfhealthcare.org.
OSF Innovation, launched in 2016, is a multidisciplinary innovation center focused on internal and external innovation to solve the biggest challenges in healthcare. More than www.osfinnovation.org.

About Peoria County
Known as the heart of Illinois, Peoria County (est. 180,000) is at the center of a multi-county region along the Illinois River. The region has a thriving medical community and is home to a variety of businesses that focus on innovation, research and development. Peoria County has big city assets including a vibrant arts scene, sporting venues, recreational opportunities for outdoor enthusiasts and family adventures, a regional airport and multiple higher education institutions. Combined with a low cost of living, affordable housing, cultural festivals and virtually no traffic, Peoria County is a great place to call home. More than https://www.peoriacounty.org/

About Hanson Professional Services
Hanson Professional Services Inc. is a national employee-owned consulting firm providing engineering, planning and related services. Founded in 1954, Hanson provides services to public and private sector clients in the United States and abroad in six markets: aviation, government, industry, infrastructure, energy and rail. For decades, Hanson was among the Top 500 Design Companies in the Engineering News-Record’s list of America’s Leading Design Companies and received numerous workplace and project related awards. The company’s head office is located at 1525 S. Sixth St., Springfield, Illinois 62703.

About Central Illinois Angels
Central Illinois Angels, Inc. (CIA), a non-profit corporation, facilitates the presentation of entrepreneurs to potential investors through presentations and other mechanisms. CIA consists of individual angel investors interested in financing businesses or private companies who are generally in the early stages of development and have a high probability of growth and success. Since its inception in 2009, ICA members have invested more than $ 14 million in the companies in its portfolio.

About Attollo
Attollo exists to enable the creation and growth of social enterprises by removing the financial barriers that limit their success. By partnering with motivated and passionate entrepreneurs looking for capital, we help bring their business ideas to life and evolve them.

About gener8tor
gener8torThe turnkey creative economy platform connects startup founders, musicians, artists, investors, universities and businesses. The gener8tor platform includes pre-accelerators, accelerators, corporate programs, conferences and scholarships.

About gBETA
gBETA accelerates the growth of start-ups through its network-focused program. gBETA supports five teams per cohort and does not require any fees or equity. Since its launch in 2015, alumni of the gBETA program have raised more than $ 188 million in capital and created more than 2,000 jobs in the United States and Canada.

Contact: Colleen Reynolds (309) 825-7255 | [email protected]


Previous EXCLUSIVE France Tereos seeks to withdraw from its activities in China and Romania - sources
Next Elon Musk tweets again, causing investor 'Baby Shark' shares to skyrocket