Accelerator

By mmuise
Description:

Techstars accelerators have one goal: to help entrepreneurs succeed. During each three-month program, they surround companies with the best mentors and an unrivaled network of corporate partners, investors, and alumni. They provide funding and fundraising opportunities, workshops and curated resources, not to mention countless moments where participants can learn from their peers. It’s a proven model that’s helped build thousands of successful companies, all over the world.


Comments on Funding:

Funding is up to $120,000. Techstars initially contributes $20,000, and in return receives 6% equity of the company (on a fully diluted basis, issued as common stock) until the company raises a priced equity financing of US $250,000 or more (a “Qualified Financing”). Additionally, upon acceptance to a Techstars mentorship-driven accelerator, every company is offered an optional $100,000 convertible note.

Deadline: Rolling deadline
Eligibility:

Applicants must:

  • be founders who are proposing products that solve real problems or create meaningful innovations;
  • own startups.
Application Steps:

Applicants must:

1. choose one of the accelerators;

2. create an account;

3. submit the application form;

4. attend the interview, if invited.

Documentation Needed:

No specific documentation has been identified.

Other Things to Note:

Applications open six times a year, and stay open typically for 12 weeks.

About the author
mmuise