Nonprofit student loans guarantor and education services provider ECMC Group has teamed up with accelerator operator Gener8tor to launch a scheme focused on education and workforce-related business models.
OnRamp Education & Workforce Innovation Accelerator will take on five startups each year, providing each with $100,000 in funding in addition to mentoring, office space and networking opportunities over a three-month period.
The scheme builds on existing Gener8tor OnRamp accelerators targeting insurance, manufacturing, agriculture and healthcare. ECMC and Gener8tor will also sponsor an annual education and workforce innovation conference in the US city of Minneapolis, the first iteration commencing in June 2020.
OnRamp Education and Workforce Innovation Conference will link startups and their investors with industry contacts in areas including mergers and acquisitions, corporate venturing, innovation and strategy.