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Last year Techstars announced our diversity commitment as part of White House Demo Day. As a follow up to that commitment, we are now reporting on our progress and publishing our diversity data annually. During 2016, we’ve tracked participation in our accelerator programs and have made measurable progress to increase participation by women and underrepresented minorities within our applicant pool, mentors, and staff.

Here is a recap of what we are doing to improve inclusive entrepreneurship:

  • We created the Techstars Foundation to improve diversity in tech entrepreneurship worldwide, through grants to mission-driven organizations such as Defy Ventures, Astia, Change Catalyst, Gaza Sky Geeks, and Patriot Boot Camp.
  • We partnered with Chase for Business to survey ~700 startup founders about diversity and inclusion at their startup. The output includes a research report highlighting the data from that survey as well as a website which provides actionable resources startup founders can take to improve diversity at their startup.
  • We’ve trained staff on unconscious bias, are working to offer this training to our portfolio companies, and we’ve implemented processes to ensure that every selection committee includes at least two women.

Our specific diversity commitment last year was to:

Double the number of women in our accelerator program applicant pool and across our mentor network over four years. Track participation in our programs by underrepresented minorities and double that from the baseline over the same time period.

This year will serve as our baseline and we will update these numbers annually. Here’s how we’re doing so far:

2016

2017

2018

2019

Ethnically diverse founders

25%

TBD

TBD

TBD

Female founders/participants

19%

TBD

TBD

TBD

Female mentors

18%

TBD

TBD

TBD

  • Twenty five percent of our US-based founders are ethnically diverse (non-white).
  • Nineteen percent of our founders and program participants are female.
  • For many of our US-based accelerator programs (including Sprint, Retail, Healthcare, IoT and Connection) nearly 20 percent of the companies who applied had at least one female founder.
  • Eighteen percent of our mentors are female and 18 percent are ethnically diverse.
  • For our global Startup Programs, we’ve increased our gender diversity to 33 percent female attendees.
While we are glad to see our efforts are beginning to pay off, we’ve still got a very long way to go. We want to thank those of you who have helped with these efforts over the last year, and who will continue with us on this journey.
Startup Founders: to learn more about how to improve diversity and inclusion at your company, please visit our microsite for specific resources that will help you become a diversity leader.


David Cohen
(@davidcohen) Co-founder & Co-CEO of Techstars, previously founder of several technology companies. David is an active startup advocate, advisor, board member, and technology advisor who comments on these topics on his blog at DavidGCohen.com



  • Would love to see any correlation between diversity leading to stronger companies overall.. (My gut feeling from experience suggests that at very least cultural diversity will lead to a stronger team).