Six renowned Peoria businesses have been chosen to take part in the gBETA program, a seven-week initiative aimed at propelling business growth. Hailing from diverse industries like technology, healthcare, and retail, these businesses are set to refine their strategies, streamline their operations, and secure strong market positions with the assistance of structured mentorship.
This collaborative program is expected to usher in benefits such as enhanced visibility, the potential to attract investors, and a renewed trajectory toward sustainable growth. Doug Cruitt, the executive director of the initiative, expressed his eagerness for the upcoming transformations that the businesses are expected to undergo during these seven weeks.
Alongside the gBETA program, Cruitt is also anticipating the inauguration of a downtown business incubator building that’s designed to be a conducive space for growing businesses. He believes this will create several opportunities for innovation, substantially impacting the local economy. Cruitt’s team also stands ready to offer extensive strategic guidance and mentorship to the resident businesses.
“Our objective is to foster an environment that promotes dynamism and creativity, leading to an increase in successful new businesses.
Fostering growth in selected Peoria businesses
We’re excited to see the growth and prosperity this initiative will bring to Peoria,” remarked Cruitt.
The chosen businesses express a vibrant mix of innovation and potential. These include Lux Blox, an engaging and educational toy company; Palzaar, an AI-powered e-commerce platform; SWYCH Box, an electric vehicle services firm; Ecotone Software Solutions, offering solutions for carbon footprint tracking, and Spaces VR, a company revolutionizing digital interactions. MediCircle, a healthtech startup, is also part of the mix, aiming to optimize patient care and medical data management.
The roster also includes ShotHawk, tackling active shooter situations with AI; TerraVate Energy, transforming animal waste into energy and fertilizers, and Tranzme, a transportation service for the youth and seniors. With such diversity in offerings, all these businesses present ample creative and economic opportunities.
The gBETA program will equip these companies with rigorous training and valuable connections, aiding them in achieving successive milestones in their respective fields. This initiative will also foster collaboration, innovation, and idea generation boosting the growth and development in the businesses. Additionally, it will give companies the opportunity to demonstrate their progress to a panel of mentors, potential investors, and industry leaders.
