The Techstars Berlin Accelerator Program 2023 is now accepting applications. Berlin welcomes entrepreneurs who want to access money, skill, and chance. Its early-stage entrepreneurial environment is one of the most inclusive, varied, and rapidly expanding in the world.
The sole objective of Techstars incubator programs is to support business success. They surround businesses with the finest teachers and an unmatched network of business partners, financiers, and graduates during each three-month program. Techstars offers workshops, curated tools, financing and fundraising possibilities, as well as numerous chances to learn from social group. It’s a tried-and-true strategy that has helped create countless prosperous businesses around the globe.
Benefits:
- Techstars provides accelerator portfolio companies with access to financial, human, and
intellectual capital to fuel the success of their business. - Techstars contributes $20,000, which is commonly used as a stipend to support living
expenses during the program, and 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). - Additionally, upon acceptance to a Techstars mentorship-driven accelerator, every
company is offered an optional $100,000 convertible note. - 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 $5M; - 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.
Eligibility:
- Techstars funds all types of startups, working in all verticals, using any type of business
models. Do keep in mind, however, that the focus is on startups rather than small
businesses. - The primary language that they use in verbal and written communications during all
accelerator programs—in every country—is English. You should speak and understand
English.
