Funding news - 10/01/2018
Applications Open for Techstars London Summer 2018 from Companies across the World
Techstars is a global ecosystem that empowers entrepreneurs to bring new technologies to market, wherever they choose to build their business.
With numerous mentorship-driven accelerator programmes worldwide, Techstars exists to support the most promising entrepreneurs throughout their lifelong journey.
The Techstars London programme offers mentorship and funding to start-ups that will be working with a group of mentors, partners and the Techstars team. The London programme is home to an international community of tech, founders, innovators and investors. Ranked as one of the strongest start-up ecosystems in the world, London is regarded as a powerful location for start-ups.
Seed funding is provided and, towards the end of the programme, Techstars will organise an Investor Demo Day where participants can pitch to angel investors and venture capitalists.
Techstars companies will receive a $100,000 of funding as a convertible note upon acceptance. In exchange for 6% equity stake, each company accepted into Techstars also receives:
- Access to Techstars resources for life.
- Acceleration in a 90-day Techstars programme with intense, hands-on mentorship from Techstars Mentors.
- Connections to the Techstars Network of over 5,000 founders, alumni and mentors globally.
- 400 additional benefits worth more than $1 million.
- Office space for three months.
- $20,000 more to cover living expenses during the programme.
- Demo Day and other investor connections.
- Equity Back Guarantee - the only one of its kind in the industry.
Techstars London is currently organising its summer 2018 programme; commencing on 16 July 2018 with the Demo Day in October.
Anyone from anywhere can apply; however, participants will be required to be in the Techstars location for the entire three month period of the programme. Techstars funds technology oriented companies, typically web-based or other software companies.
The deadline for receipt of applications for the next Techstars London is 8 April 2018.
Source: techstars.com, 10/01/2018