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A Chance for Smart Mobility Technology Startups to Get Funded and Attend the Techstars Program in Italy 2021

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Paid Opportunity
Award/Prize

Award/Prize

Overview
Eligibilities
Benefits
Costs
Req. Documents
How to apply

Techstars Smart Mobility Accelerator

Description

This program focuses on transformative smart mobility technologies with a concentration on smart infrastructure and smart cities. Historically, on average, Techstars companies go on to raise more than $2M of outside capital after the program.

Opportunity focus areas:
Smart mobility technologies
Entrepreneurship

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Specialities

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Details

  • Deadline
Deadline:
11 October, 2020
  • Location

,

  • Funding type

  • Duration

From 1 month to 6 months

  • Start date

25 January, 2021

  • End date

22 April, 2021

  • Opportunity type

,

ELIGIBILITIES

  • Age

Not specific

  • Gender:

Male, Female

  • Nationality

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  • Required languages
  • English
Level:
good
  • The primary language that they use in verbal and written communications during all accelerator programs—in every country—is English.
  • Specific requirements
  • Have Startup/Project/NGO Running
  • You must own a Startup.
  • Other requirements
  • Startups
  • Their focus is on startups rather than small businesses.
  • Co-founder
  • Techstars wants to be viewed as a co-founder. They don’t want any special or controlling interests in your company. They won’t ask for a board seat or for any uncommon investor rights. You will still run the show.
  • Availability
  • They do require that you be primarily based on-site during the program.
  • Team
  • You can not join the program as a single founder you must be in a team with other co-founders.

Benefits

  • Stipend/Allowance
  • Techstars contributes $20,000, which is commonly used as a stipend to support living expenses during the program.
  • Money
  • Additionally, upon acceptance to a Techstars mentorship-driven accelerator, every company is offered an optional $100,000 convertible note.
  • Others
  • Access to Techstars resources for life.
  • Others
  • Acceleration in a 90-day Techstars mentorship-driven accelerator program with personal mentorship and office.
  • Others
  • 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.
  • Others
  • Access to over $400k of cash equivalent hosting, accounting, and legal support—plus other credits and perks worth more than $1M.
  • Others
  • Demo Day exposure and other investor connections.
  • Others
  • They provide working and meeting spaces, as well as a nice lounge, all with super fast and reliable wireless Internet access. They just want you to focus on creating a great product while you’re here, and not have to worry about all this other stuff.

Costs

  • Accommodation
  • They don’t provide a place to live. If you’re accepted into Techstars, their local teams will provide additional resources to help you find housing.
  • Others
  • 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).

Required Documents

  • Other
  • You must share the url of a video describing your company product and team.

How to Apply

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MARJ3 TEAM

  • Created by
  • Sandra Hany/ Egypt
  • Published by
  • Samah Mubarak / Egypt
  • Reviewed by
  • Gehad Omara/ Egypt
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Techstars Smart Mobility Accelerator
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Deadline:
11 October, 2020
  • Location

,

  • Funding type

  • Duration

From 1 month to 6 months

  • Start date

25 January, 2021

  • End date

22 April, 2021

  • Opportunity type

,

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