Techstars Chicago

Techstars Chicago

Techstars Chicago is at the center of the Midwest startup community, one of the fastest growing ecosystems in the U.S. Participating companies get access to funding, resources, office space, and mentorship from 150+ entrepreneurs, executives, and investors, including the founders of BaseCamp, Uptake and GrubHub. Investing in *bad* ideas in Chicago.

Applications Open Jan 9, 2017
Application Deadline Apr 9, 2017
Start of the Program Jul 12, 2017
Demo Day Oct 12, 2017

Location: Chicago, IL United States

Questions? Check out the FAQ

At Techstars Chicago, we are insanely founder focused. We call it “Founder First”, and it is a credo we use to make all decisions. We’re looking for the opportunity to add value to the best founder and teams, and will be fully invested in your success – above all else. Want to learn more? Follow me via Twitter at @loganlahive!
Logan LaHive Managing Director, Techstars Chicago

Featured Techstars Chicago Alumni Companies

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Our Focus Areas

  • Passionate Founding Teams

    2 > 1, and founders and teams that surprise and educate each other are a must.

  • Early Stage Companies

    You might have raised some money, but earlier startups will see the most growth of our program.

  • Founders that Educate Us

    We want to invest in bad and non-consensus ideas, with founders that can educate us about their solutions.

  • Surprising Market Opportunity

    The field you're playing in has the potential to be blown wide open.

  • A Vision that Raises Eyebrows

    Your elevator pitch gets others excited with its potential and creativity.

  • Deep Domain Expertise

    You’ve worked in the industry you’re disrupting or are personally passionate about the problem you’re solving.

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FAQ

  • How much funding do Techstars Chicago startups receive?


    A $100,000 convertible note is automatically offered to all Techstars companies upon acceptance, in addition to $20,000 in exchange for 6% common stock, plus:

    • Access to Techstars resources for life
    • Acceleration in the Techstars Chicago program with intense, hands-on mentorship from entrepreneurs, tech executives and investors from across the Midwest
    • Connections to the Techstars Network of over 5,000 founders, alumni and mentors globally
    • 400 perks worth over $1,000,000
    • Office space in Chicago at the 1871 coworking space for the duration of the program. 1871 is the central hotbed of startup activity in the city – VCs, developers and companies all engaging together under one roof
    • Demo Day and other investor connections
    • Equity Back Guarantee, the only one of its kind in the industry

    Historically, Techstars companies go on to average more than $3M raised in outside capital after the program. We believe our stats speak for themselves.

  • What kind of companies do you fund?

    We fund technology oriented companies, typically web-based or other software companies, but we’ve funded companies that don’t quite fit that mold as well. We’re also looking for companies that can have national or worldwide reach. If you are a start-up with a vision that raises eyebrows, a market that can be disrupted, and deep domain expertise, we encourage you to apply!

  • Do we have to come to Chicago? Who else have you funded? Can I visit?

    Yes, you’ll need to come to Chicago to participate, and we encourage you to stay after! But after the program you can go back home. The rest of these answers are on Techstars.com, where a more detailed FAQ covers a lot of other common questions. We recommend you go HERE and read the whole thing.

Techstars Chicago Global Partners

  • SendGrid
  • American Airlines
  • AWS
  • Cooley
  • Google
  • Microsoft
  • Silicon Valley Bank