Lincoln mayor announces multimillion-dollar investment into local startups

Organizations throughout Nebraska plan to help 24 new businesses get started
Money

LINCOLN, Neb. (KLKN) – Mayor Leirion Gaylor Baird was joined by multiple representatives from Nebraska-owned companies on Thursday to announce a multimillion-dollar investment into growing Nebraska’s startups.

NMotion, which is funded by gener8tor, will invest $3.7 million toward helping 24 companies launch and generate more jobs.

They will also expand to a new location in Omaha.

“It is very rare that two cities 45 minutes apart would come together, the leaders of those cities to make this investment collectively in the future of startups in the state. Very rare,” said Maggie Brickerman, a representative from gener8tor.  “We’ll be building more companies from scratch in Nebraska over the next few years than anywhere else in the United States.”

NMotion, which calls itself Nebraska’s premier startup accelerator, will provide investment, support and mentorship to fast-track startups throughout Nebraska.

Startups and small businesses that earn a place in the accelerator programs will each receive $100,000 in investments through gener8tor’s venture fund and Invest Nebraska.

NMotion will also hold free in-person and virtual office hours throughout the year for any interested startups and small businesses throughout the state.

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