Deadline: 28-Sep-22
Applications are now open for the Techstars Future of Longevity Accelerator Program.
This program, run in partnership with Pivotal Ventures, a Melinda French Gates company, focuses on innovative solutions to address the unmet needs of older adults and their caregivers.
Techstars accelerators have one goal: to help entrepreneurs succeed. During each three-month program, their 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 you can learn from your peers. It’s a proven model that’s helped build thousands of successful companies, all over the world.
Themes
Program themes include: Caregiver Support, Care Coordination, Aging in Place, Financial Wellness and Resilience, Preventive Health (both Physical and Cognitive), and Social Engagement.
Benefits
- Techstars provides accelerator portfolio companies with access to financial, human, and intellectual capital to fuel the success of their business.
- 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 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.
- 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 $5M;
- 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.
Eligibility Criteria
- They invest primarily through their mentorship-driven accelerator programs.
- They fund all types of startups, working in all verticals, using any type of business models. Do keep in mind, however, that their focus is on startups rather than small businesses.
- They do their best to avoid accepting competitive companies into the same program class.
- The primary language that they use in verbal and written communications during all accelerator programs—in every country—is English.
For more information, visit Techstars.
For more information, visit https://www.techstars.com/accelerators/longevity