Deadline: 28-Sep-22
The Techstars in partnership with Cox Enterprises has launched Impact Accelerator Program that focuses on for-profit companies making a positive impact on underrepresented groups, underserved communities and environmental sustainability.
The Techstars program will provide you with the healthiest possible start and greatly improve your chances for success and sustainability. Once they invest, they’re motivated to help you succeed by introducing you to people who can help, assisting you with strategy, finding more investors, and generally helping you win all along your entrepreneurial journey.
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 you can learn from your peers. It’s a proven model that’s helped build thousands of successful companies, all over the world.
Benefits
- 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.
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Each company also receives:
- Access to Techstars resources for life
- Acceleration in a 90-day Techstars program with intense, hands-on mentorship from Techstars Mentors
- Connections to the Techstars Network of over 10,000 founders, alumni, and mentors globally
- 200+ perks and growing
- Office space for three months (unless you are participating in a virtual program)
- Demo Day and other investor connections
- Equity Back Guarantee, the only one of its kind in their industry
What investments does Techstars make in its accelerator portfolio companies?
- 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. However, if a company conducts a Network Launch using distributed ledger technology, then Techstars will also receive 6% of the Token Reserve.
- Additionally, upon acceptance to a Techstars mentorship-driven accelerator, every company is offered an optional $100,000 convertible note.
Eligibility Criteria
- They fund all types of startups, working in all verticals, using any type of business models.
- They do their best to avoid accepting competitive companies into the same program class. However, with the growing number of Techstars companies, there may be competitive companies in the broader Techstars network.
- The primary language that they use in verbal and written communications during all accelerator programs—in every country—is English.
- Unfortunately, they don’t allow late applications in order to move through their very tight schedule for selection and to be fair to all applicants.
For more information, visit Techstars.
For more information, visit https://www.techstars.com/accelerators/impact-cox