Monday, January 31, 2011

TechStars Launches National Startup Accelerator Network as part of StartUP America Program

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TechStars Launches National Startup Accelerator Network

As Part of White House StartUP America Program

 

As some of you know, for the past four years, I have been serving as a mentor to TechStars companies. The companies I have been connected with - as mentor and/or as angel investor - have included, among others, socialthing! (acquired by AOL), ignighter, Devver, Next Big Sound and Omniar. And the experience has been incredible. Now some of the energy and learning that has been part of the program is finding a much wider distribution as part of the White House StartUP America Program. 

 

As President Obama said in his State of the Union Speech:

"ENTREPRENEURS EMBODY THE PROMISE OF AMERICA: THE IDEA THAT IF YOU HAVE A GOOD IDEA AND ARE WILLING TO WORK HARD AND SEE IT THROUGH, YOU CAN SUCCEED IN THIS COUNTRY. AND IN FULFILLING THIS PROMISE, ENTREPRENEURS ALSO PLAY A CRITICAL ROLE IN EXPANDING OUR ECONOMY AND CREATING JOBS."
         - PRESIDENT BARACK OBAMA, JANUARY 31, 2011

 

Check out the press release and quote below . . . 

 

Mentorship-Driven Entrepreneur Support Initiative Part of Long-term Strategy to

Create 25,000 New Economy Jobs by 2015

 

BOULDER, Colo. – January 31, 2011 – TechStars, the leading startup

accelerator program in the United States, has launched the TechStars Network,

an alliance of independently owned and operated startup accelerator programs

from dozens of cities across the United States and around the world. Based upon

the mentorship-driven model pioneered by TechStars, these programs provide

seed funding and mentorship to innovative entrepreneurs. The TechStars

Network connects these organizations and provides best practices, professional

development, networking opportunities and ongoing support for member

organizations.

 

"Over the next 3 years, the TechStars Network will ensure that 5,000 successful and experienced entrepreneurs and investors will mentor and support 6,000 promising young entrepreneurs, increasing their success rate tenfold and creating 25,000 new jobs by 2015 and a sustained engine for growing these figures over time."

David Cohen

Founder and CEO, TechStars

The TechStars Network will be part of The StartUP America Partnership,

launched earlier today by President Obama. In partnership with the White House,

the goal of the TechStars Network is to become an engine for job growth by

ensuring that over the next four years, 5,000 experienced business leaders and

investors will mentor and support 6,000 promising young entrepreneurs. The aim

is to increase the success rate and sustainability of each program, and to

ultimately create 25,000 new economy jobs by 2015.

 

“We’ve been flattered by more than one hundred organizations who have

contacted us hoping to learn from our experiences at TechStars. We’ve always

tried to be responsive and have helped many get started,” said David Cohen,

founder and CEO of TechStars. “The TechStars Network signals and formalizes

our support for other credible mentorship-driven programs. We believe the

proliferation of the mentorship-driven accelerator model is healthy for

entrepreneurs. Through this network of independent organizations, we can help

increase their impact dramatically and make entrepreneurial communities the

real winners.”

 

"At Tech Wildcatters, we believe collaboration across boundaries builds stronger

communities. The TechStars Network will be the catalyst for a nationwide startup

ecosystem, something our country desperately needs. With TechStars Network's

rich set of strategic resources, we will build stronger companies faster that are

better able to compete globally,” said Gabriella Draney, co-founder of Tech

Wildcatters, a TechStars Network member based in Dallas, Texas.

Currently there are 16 invitation-only TechStars Network member organizations

in major cities across the United States and around the world. Today the network

is open to all entrepreneurial thought leaders and organizations interested in

building or enhancing mentorship-driven startup accelerator programs.

 

About the TechStars Network

The TechStars Network is a membership organization that ensures the sharing of

resources and best practices between independently owned and operated

mentorship-driven seed acceleration programs across the globe. Currently, the

TechStars Network includes charter members in dozens of cities, including

AlphaLab, Pittsburgh, PA; Arizona State University Edson Student Entrepreneur

Initiative, Scottsdale, AZ; Betaspring, Providence, RI; Blueprint Health, New York,

NY; BoomStartup, Salt Lake City, UT; Excelerate Labs, Chicago, IL; Founders

Co-op, Seattle, WA; Incubate Miami, Miami, FL; Joyful Frog Digital Incubator;

Singapore; Jumpstart Foundry, Nashville, TN; LaunchPad Ignition, New Orleans,

LA; Ryan Academy Propeller Seed Accelerator Program, Dublin, Ireland;

Startupbootcamp, Copenhagen, Denmark and Madrid, Spain; TechStars Boston,

MA, New York, NY, Boulder, CO and Seattle, WA; Tech Wildcatters, Dallas, TX;

The Brandery, Cincinnati, OH; The Elevator, Tel Aviv, Israel. The TechStars

Network is quickly expanding its membership. For more information,

visit http://www.techstars.org/network.

Contact: John Metzger, john@metzger.com, 303-641-1062.

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