Applications are now open for the augural TechStars London programme that will start on July 3 and end on September 27 with what we predict will be the most impressive Demo Day to be held in Europe by an accelerator programme to date. TechStars, the #1 startup accelerator in the world, will not be cutting any corners with the London program; our plans will be to create a programme with unprecedented resources from both the US and Europe.
We have already announced that every company that participates in TechStars London will be offered a total of €85k as well as intense mentorship from hundreds of the best entrepreneurs in the world. Initially each company will receive €15k for 6% equity, which has no special rights or controls, and that puts us squarely on your side of the table for the life of the company. In addition, you will be offered a €70,000 convertible debt note by a group of prominent VCs immediately upon acceptance into TechStars London.
Alongside the funding described above, companies that participate in London can also expect the highest quality of mentoring for which TechStars is renowned. To illustrate TechStars’ commitment to London, David Cohen will be onsite in London for the first month of the programme.
Over the next few weeks we will be making a number of additional announcements that will be specifically related to the London program. Watch out for some very exciting news over the next few weeks. You have until May 5 to compete for one of ten places on the programme, with an early deadline of April 19. To apply for a place in TechStars London, complete your application here.