The seventh try was the charm for Milwaukee idea management software company Ideawake.
Founded in 2013, and having pivoted its focus a couple of times, Ideawake was recently able to gain traction among some large clients and begin generating revenue, said co-founder Coby Skonord. That’s why this time around, the company was accepted to Milwaukee startup accelerator gener8tor.
Ideawake is one of three Milwaukee-area startups accepted to the class of six, a rarity for the program, which has a sizable applicant pool—about 600 in this round. It is notoriously difficult to gain entry to the nationally-renowned accelerator, which invests up to $140,000 in each participant in return for a 6 percent equity stake. The class gains access to its vast network of investors, experts and mentors during an intensive 12-week program.
Milwaukee-based SteamChain and Brookfield-based GenoPalate Inc. are also participating in the latest gener8tor class. Read the full story here.