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A Chance to Get a Fund for Your Music Startup and Attend Techstars Mentorship in the US

» Accelerators, Incubators, Funding, Grants, Competitions for startups, Non-Degree Opportunities

Award/Prize

Overview
Eligibilities
Benefits
Costs
Req. Documents
How to apply

Description

Techstars Music Accelerator

This program focuses on the many ways technology is solving problems for music and entertainment, all around the world. Historically, on average, Techstars companies go on to raise more than $2M of outside capital after the program.

Opportunity focus areas:
Music
Entrepreneurship

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Specialities

Business & Management, Creative, Applied Arts and Design, Entrepreneurship, Music History, Musical Arts
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Details

  • Deadline

13 November, 2020

  • Location

North America, United States of America (USA)

  • Funding type

Award/Prize/Funding/Grant

  • Duration

From 1 month to 6 months

  • Start date

16 February, 2021

  • End date

13 May, 2020

  • Opportunity type

Accelerators, Incubators, Funding, Grants, Competitions for startups, Non-Degree Opportunities

ELIGIBILITIES

  • Age

Not specific

  • Gender:

Male, Female

  • Nationality

Algeria, Bahrain, Comoros, Cyprus, Djibouti, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Mauritania, Morocco, Oman, Palestine, Qatar, Saudi Arabia, Somalia, South Sudan, Sudan, Syria, Tunisia, Turkey, UAE, Yemen

  • 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.
  • Techstars
  • 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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  • Created by
  • Sandra Hany/ Egypt
  • Published by
  • Samah Mubarak / Egypt
  • Reviewed by
  • Gehad Omara/ Egypt
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  • 13 November, 2020
  • Location

North America, United States of America (USA)

  • Funding type

Award/Prize/Funding/Grant

  • Duration

From 1 month to 6 months

  • Start date

16 February, 2021

  • End date

13 May, 2020

  • Opportunity type

Accelerators, Incubators, Funding, Grants, Competitions for startups, Non-Degree Opportunities

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