Techstars London

Deadline: May 22, 2024

Program Starts: September 09, 2024

Program Ends: December 05, 2024

Events

Trainings & Fellowships Grant Business Plan Tech & IT

Location(s)

  • United Kingdom
London

Overview

Home to a thriving international community of tech, founders, innovators and investors, London is an epicentre of startup activity. Ranked as the #6 strongest startup ecosystem in the world, London is known as a powerful location for startups. Founders are flocking to London to start their business and to learn from the incredible mentor community there.

Details

Each year, we choose over 300 companies to join our three month mentorship-driven accelerator, investing $120K and providing hands-on mentorship and access to the Techstars Network for life.

Our Three-Month Program

We don’t tell you what to do or when. We create an environment that is conducive to helping your startup every day by surrounding you with people who will mentor, inspire, and challenge you.

Grow Your Network

From a large pool of mentors, find your top 3-5 mentors who will be committed to helping you with product development, market fit, and who will also provide valuable introductions to help grow your company — fast.

Gain Traction

Go deeper with your lead mentors, work with your Managing Director, gain traction and hit your milestones – whether that’s a prototype, building out the next phase of your product, finding your first customer or hitting $50M in revenue.

Accelerate Your Business

Determine your fundraising strategy and prepare to meet with investors. Learn how to communicate your vision and prepare to meet with investors, partners and other key stakeholders who can help shape your future.

Demo Day

The program culminates with a celebration at Demo Day! This is your chance to show the world how much progress you’ve made in just a few short months.

Techstars for Life

While the program itself may be over, Techstars is for life. Leverage the network through Techstars BizDev Days, Techstars Investor Days, Techstars FounderCon, ongoing mentorship, monthly alumni events, and access to a deep well of resources.

Opportunity is About


Eligibility

Candidates should be from:


Description of Ideal Candidate

We fund all types of startups, working in all verticals, using any type of business models. Do keep in mind, however, that our focus is on startups rather than small businesses.

How do you choose which companies to accept into the program and to fund?

We look at team, team, team, market, progress, idea—in that order.

We choose great founders who are proposing products that solve real problems or create meaningful innovations. For us, it’s about the team. For this reason, we’re less likely to accept single founder companies (you’re less likely to have all the skills your company needs to succeed). The best things you can do to strengthen your application are:

  • Round out your team with business, technical, and other necessary skills;
  • Make progress on your prototype or product and reference it in the application;
  • Show us you’ve really thought about your business and have gotten out there to do something about it;
  • Demonstrate early traction or provide data points to validate your core assumptions.

Can I apply to programs not in my country? Can you help with Visa or immigration issues?

You can apply to any program, and we’ve funded companies from many different countries. You do have to be legally in the program country during the program, of course. Once you are accepted into a program, we can help with legal/immigration issues by leveraging our contacts and network to help. However, we cannot help with them in advance of acceptance to Techstars.


Dates

Deadline: May 22, 2024

Program starts:

September 09, 2024

Program ends:

December 05, 2024

Program Starts: September 09, 2024

Program Ends: December 05, 2024


Cost/funding for participants

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.

Upon acceptance to a Techstars mentorship-driven accelerator, every company is offered a $100,000 convertible note.

Techstars contributes $20,000, which is commonly used as a stipend to support living expenses during the program, and in return receives 6% of the Token Reserve (i.e the tokens “held back” for the founders and the company at Network Launch) and 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”).

What other benefits do I receive from a Techstars mentorship-driven accelerator?

  • 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 $1M;
  • 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. We believe our stats speak for themselves.

What else does Techstars provide? Office space, internet, legal, hosting, etc.?

We provide working and meeting spaces, as well as a nice lounge, all with super fast and reliable wireless Internet access. We just want you to focus on creating a great product while you’re here, and not have to worry about all this other stuff.

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