HUGE: @TechStars Launches Accelerators w/WhiteHouse

HUGE: @TechStars Launches Accelerators w/WhiteHouse

Will have some thoughts on this in the LAUNCH Newsletter later today.

http://www.launch.is/newsletter

TechStars Launches National Startup Accelerator Network
As Part of White House StartUP America Program

Mentorship-Driven Entrepreneur Support Initiative Part of Long-term Strategy to
Create 25,000 New Economy Jobs by 2015

BOULDER, Colo. – January 31, 2011 – TechStars, the leading startup
accelerator program in the United States, has launched the TechStars Network,
an alliance of independently owned and operated startup accelerator programs
from dozens of cities across the United States and around the world. Based upon
the mentorship-driven model pioneered by TechStars, these programs provide
seed funding and mentorship to innovative entrepreneurs. The TechStars
Network connects these organizations and provides best practices, professional
development, networking opportunities and ongoing support for member
organizations.

The TechStars Network will be part of The StartUP America Partnership,
launched earlier today by President Obama. In partnership with the White House,
the goal of the TechStars Network is to become an engine for job growth by
ensuring that over the next four years, 5,000 experienced business leaders and
investors will mentor and support 6,000 promising young entrepreneurs. The aim
is to increase the success rate and sustainability of each program, and to
ultimately create 25,000 new economy jobs by 2015.

“We’ve been flattered by more than one hundred organizations who have
contacted us hoping to learn from our experiences at TechStars. We’ve always
tried to be responsive and have helped many get started,” said David Cohen,
founder and CEO of TechStars. “The TechStars Network signals and formalizes
our support for other credible mentorship-driven programs. We believe the
proliferation of the mentorship-driven accelerator model is healthy for
entrepreneurs. Through this network of independent organizations, we can help
increase their impact dramatically and make entrepreneurial communities the
real winners.”

“At Tech Wildcatters, we believe collaboration across boundaries builds stronger
communities. The TechStars Network will be the catalyst for a nationwide startup
ecosystem, something our country desperately needs. With TechStars Network’s
rich set of strategic resources, we will build stronger companies
faster that are
better able to compete globally,” said Gabriella Draney, co-founder of Tech
Wildcatters, a TechStars Network member based in Dallas, Texas.

Currently there are 16 invitation-only TechStars Network member organizations
in major cities across the United States and around the world. Today the network
is open to all entrepreneurial thought leaders and organizations interested in
building or enhancing mentorship-driven startup accelerator programs.

About the TechStars Network
The TechStars Network is a membership organization that ensures the sharing of
resources and best practices between independently owned and operated
mentorship-driven seed acceleration programs across the globe. Currently, the
TechStars Network includes charter members in dozens of cities, including
AlphaLab, Pittsburgh, PA; Arizona State University Edson Student Entrepreneur
Initiative, Scottsdale, AZ; Betaspring, Providence, RI; Blueprint
Health, New York,
NY; BoomStartup, Salt Lake City, UT; Excelerate Labs, Chicago, IL; Founders
Co-op, Seattle, WA; Incubate Miami, Miami, FL; Joyful Frog Digital Incubator;
Singapore; Jumpstart Foundry, Nashville, TN; LaunchPad Ignition, New Orleans,
LA; Ryan Academy Propeller Seed Accelerator Program, Dublin, Ireland;
Startupbootcamp, Copenhagen, Denmark and Madrid, Spain; TechStars Boston,
MA, New York, NY, Boulder, CO and Seattle, WA; Tech Wildcatters, Dallas, TX;
The Brandery, Cincinnati, OH; The Elevator, Tel Aviv, Israel. The TechStars
Network is quickly expanding its membership. For more information,
visit http://www.techstars.org/network.

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