Startup accelerator expands its reach in Europe
Luxembourg City, Luxembourg – gener8tor, a renowned United States- and Europe-based accelerator and venture fund, is proud to announce its latest expansion with the launch of the second gener8tor Luxembourg accelerator program, set to run in Spring 2024.
This dynamic initiative aims to invest in and scale five promising startups from Luxembourg and the European Union, fostering innovation and entrepreneurial spirit in the heart of Europe. gener8tor prioritizes startups focused on driving systemic change at the corporate, government, and community level, as well as founders that embrace sustainability as a way to transform antiquated industries. The launch of the 2024 application follows a successful inaugural program, in which the gener8tor Luxembourg team invested €100,000 each into five early-stage startups. The gener8tor Luxembourg team has remained committed to supporting its alumni and building a base in Europe.
With applications slated to close in mid-January 2024, gener8tor Luxembourg is set to become a significant player in the European startup scene. The gener8tor Luxembourg accelerator team will handpick five startups to participate in its upcoming 12-week accelerator program, set to kick off in Spring 2024. Each selected startup will receive personalized, hands-on support to foster its growth and will gain access to a network of experienced mentors, technologists, corporate partners, and investors. Furthermore, each participating startup will receive a €100,000 investment as part of the program.
This upcoming launch of gener8tor Luxembourg aligns with the Ministry of the Economy’s vision to bolster the Luxembourg startup ecosystem, positioning the country as the ideal destination for startups to grow within the heart of Europe. The gener8tor Luxembourg accelerator program draws inspiration from key initiatives including Luxinnovation, Luxembourg’s national innovation agency, and Startup Luxembourg, a public initiative dedicated to connecting, supporting and promoting the local startup ecosystem.
Mike Ansay, Honorary Consul of Wisconsin, has played an important role in gener8tor’s presence in Luxembourg.
“The Luxembourg startup ecosystem has continued to sustain further investments in gener8tor for the 2024 accelerator,” Ansay said. “Luxembourg makes it happen.”
“We are excited to continue our commitment to nurturing the innovators and community leaders in the Luxembourg startup ecosystem with the launch of our 2024 accelerator program,” said Joe Kirgues, Co-founder of gener8tor. “Looking back on our inaugural cohort, we are grateful for the relationships and support we have received from the Luxembourg startup ecosystem, founders, corporate partners, investors, and mentors. As we look towards our continued efforts to support entrepreneurship in Europe, we aim to accelerate startups on the forefront of innovation, technology, systemic change, sustainability, diversity, equity and inclusion.”
Since its inception in 2012, gener8tor has successfully established and operated 261 accelerator programs with 1,300+ companies. Startups that have graduated from gener8tor’s programs have collectively raised more than $2+ billion in follow-on financing.
Founders from Luxembourg and the European Union looking for support to build and scale their startups are encouraged to apply HERE ! by the 19th January, 2024.
gener8tor is a global venture firm and accelerator network that supports startups, workers, employers, artists and musicians across race, place and gender. gener8tor partners with companies, governments, universities and nonprofits to operate accelerator programs and conferences in more than 42 communities across 22 states and two countries. Fast Company named gener8tor one of the Best Workplaces for Innovators in 2021 and 2022. The International Trade Council recognized gener8tor as the Global Venture Capital Firm of the Year in 2022.