NMotion, a member of Bio Nebraska, announced $3.7 million in new investments that will start and grow 24 Nebraska startups over the next two years, expand the startup accelerator’s programming to serve startups statewide, and create an Omaha location at Millwork Commons.
Announcement Published by Lincoln Partnership for Economic Development
NMotion, powered by gener8tor, today announced $3.7 million in new investments that will start and grow 24 Nebraska startups over the next two years, expand the startup accelerator’s programming to serve startups statewide, and create an Omaha location at Millwork Commons. NMotion will provide investment, support, mentorship and access to in-state and out-of-state capital to early-stage small businesses and startups throughout Nebraska.
“The startup ecosystem in Lincoln is strong and we want to continue to build on that and produce more success stories right here in our own backyard. The success we have had to this point is why peer communities across the country look to Lincoln to see what we are doing,” says Luke Peltz, vice president of the Lincoln Partnership for Economic Development.
Startups and small businesses that successfully compete for a place in the accelerator programs will each receive $100,000 investments from NMotion through gener8tor’s venture fund and Invest Nebraska. In addition, NMotion will hold free, in-person and virtual programming and office hours throughout the year for any interested startups and small businesses throughout the state.
“NMotion’s expanded programming and investment is one more tool we have in Lincoln, Omaha, and Greater Nebraska to encourage and develop these startups to become the next big success story. The startup ecosystem in Lincoln will remain strong because of all the partners that are investing in the region, and we look forward to seeing what is next from NMotion!” Peltz adds.