Startup accelerator gener8tor announced launches seed fund in Fargo and Grand Forks
The gener8tor 1889 seed fund’s goal is to grow the entrepreneurial ecosystem in North Dakota through investing in local startups and attracting new startups to the state.
GRAND FORKS — Startup accelerator gener8tor announced the launch of the gener8tor 1889 seed fund and three accelerators anchored in Fargo and Grand Forks to provide services to early-stage companies in North Dakota.
It will provide support, mentorship and access to in-state and out-of-state capital to these companies with the support of 50 South Capital Advisors, LLC, an alternatives asset management firm. The gener8tor 1889 seed fund’s goal is to grow the entrepreneurial ecosystem in North Dakota through investing in local startups and attracting new startups to the state. It will also make select direct investments in other North Dakota-based businesses through the gener8tor 1889 seed fund.
“North Dakota has a wealth of entrepreneurial talent, and we are thrilled to bring our focus on investing in the best and brightest to communities throughout the state, from Williston to West Fargo,” gener8tor co-founders Joe Kirgues and Troy Vosseller said in a release. “The Midwest has been at the heart of our work to invest across race, place and gender and we look forward to partnering with 50 South Capital to expand that work in North Dakota. Together, we will ensure that North Dakota startups have access to the capital and resources necessary to thrive.”