Plus, SBA 8(a), new jobs, Digital Equity Fund + Backpack's acquisitions.
| Not rendering correctly? View this email as a web page here. | September 12, 2023 |
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| | | | Techstars tranformation Today, applications open for the first spring term of a new schedule for Techstars. The Equitech accelerator is now one of the 22 programs starting in the Spring term. We received an email earlier today that outlines the changes taking place in the way the pre-seed investor operates its accelerator programs. Just a reminder that they have run over 50 accelerators a year in different 15 countries. Apparently, that became confusing to both founders and VC investors in the Techstars network who see Techstars "as a source of deal flow," according to the email. Moving forward, Techstars will move to a two-term schedule where the majority of its accelerator programs start and end together two times a year.
To pilot this shift, Techstars will be running 22 programs in 16 cities throughout five countries, with three being remote. The shift will hopefully provide founders an advantage with a reimagined Demo Day, which will leverage the collective strength of over 250 companies finishing at once, combined with Techstars investor network.
A familiar name of Equitech (from UpSurge Baltimore) is listed as a partner, as are Audi, The Ohio State University and Build in Tulsa. Interested startups in Baltimore should check out the application for Baltimore’s Equitech Accelerator.
What do you think about this shift? Let us know by replying to this email or sending another to baltimore@technical.ly. — Technical.ly reporter Alanah Nichole Davis (alanah@technical.ly) |
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