Deadline: 10-May-23
Techstars has launched its Sustainability Paris accelerator to solve some of the greatest challenges our planet faces today such as climate change, pollution, poverty, disease.
Techstars Sustainability Paris accelerator invests in early stage high-growth startups looking to build a better future thanks to technology, being French or willing to settle in the Paris ecosystem to thrive globally.
Techstarts wants to solve some of the greatest challenges the planet faces today such as climate change, pollution, poverty, disease.
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.
- Upon acceptance to a Techstars Accelerator, 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 (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”).
- However, if a company conducts a Network Launch using distributed ledger technology (i.e. a blockchain initial coin offering, token event, etc.), then Techstars will also receive 6% of the Token Reserve (i.e. the tokens “held back” for the founders and the company at Network Launch). In addition, all accepted companies are offered a $100,000 convertible note.
Eligibility Criteria
Techstars funds all types of startups, working in most verticals, using any type of business models. Do keep in mind, however, that the focus is on startups rather than small businesses.
For more information, visit Techstars.
