Foundation / Corporation
Opportunity for USA, Canada, and International startups to participate in an accelerator program. The program provides successful applicants with a stipend, fundraising opportunities, curated resources, workshops, and a network of corporate partners, investors, and alumni.
In 2021 this program hopes to provide hybrid virtual/ in-person programming, if possible, dependent on COVID-19 conditions. In-person programming will take place in Boston, Massachusetts.
GrantWatch ID#: 163070
Techstars contributes $20,000, which is commonly used as a stipend to support living expenses during the program, and in return receives 6% equity of the company.
Upon acceptance to a Techstars mentorship-driven accelerator, every company is offered an optional $100,000 convertible note.
Other benefits that businesses receive:
- Access to Techstars resources for life;
- Acceleration in a 90-day Techstars mentorship-driven accelerator program with personal mentorship and office space;
- Lifetime access to the Techstars worldwide network of entrepreneurs, including more than 10,000 mentors, 10,000 investors, 1,600 alumni companies, and over 200 staff members;
- Access to over $400k of cash equivalent hosting, accounting, and legal support—plus other credits and perks worth more than $1M;
- Demo Day exposure and other investor connections.
Historically, on average, Techstars companies go on to raise more than $2M of outside capital after the program.
Techstars also provides working and meeting spaces, as well as a nice lounge, all with super fast and reliable wireless Internet access.
The accelerator starts on November 8th, 2021 and is a three-month program.
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