A Chance to Get a Fund for Your Startup and Attend Techstars Virtual Mentorship 2021

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Description

Techstars Berlin Accelerator

As one of the most inclusive, diverse and fastest-growing early-stage entrepreneurial ecosystems in the world, Berlin welcomes entrepreneurs who want to access capital, talent and opportunity. In 2021 Techstars Berlin will run virtually.

Opportunity focus areas:
Startups
Entrepreneurship

Specialties

Business & Management, Entrepreneurship

Eligibilities

Age

Not Specified

Gender

All

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

Specific Requirements

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

Upon acceptance to a Techstars Accelerator, Techstars contributes $20,000.

Money

Additionally, upon acceptance to a Techstars mentorship-driven accelerator, every company is offered an optional $100,000 convertible note.

Others

Acceleration in a 90-day Techstars mentorship-driven accelerator program with personal mentorship.

Others

Access to Techstars resources for life.

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.

Costs

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).