BOULDER, Colo. – January 6, 2020 – Techstars, the worldwide network that helps entrepreneurs succeed, today announced the launch of the Techstars Future of Longevity Accelerator. Run in partnership with Pivotal Ventures, an investment and incubation company created by Melinda Gates, the new accelerator will work with startups focused on innovative and creative caregiving solutions to address the unmet needs of individuals providing and receiving elder care.
Based in Washington, D.C., the new 13-week program will accept 10 startups on an annual basis, helping them gain traction and accelerate their businesses through investment, hands-on mentorship, and world-class programming. Startups will also benefit from access to Techstars’ worldwide network of mentors, investors, founders, corporates, and government entities, as well as subject matter experts and thought leaders from Pivotal Ventures’ network, who will provide industry and business expertise.
“With generations living longer than ever before, there is an incredible opportunity for innovation within the caregiving space. This market is experiencing unprecedented economic growth as the American 50+ population is already responsible for trillions of dollars of spending and economic activity,” said Keith Camhi, Techstars Senior Vice President of Accelerators. “There could not be a better time to bring an accelerator focused on innovation in this sector to market. We are thrilled to be working with Pivotal Ventures to help startups achieve success in delivering new life-changing and impactful solutions to meet the needs of our aging population.”
Pivotal Ventures, founded in 2015 by Melinda Gates to advance social progress in the U.S., seeks to help spark and nurture innovation in the caregiving marketplace through this accelerator and partnership with Techstars.
Applications for the Techstars Future of Longevity Accelerator are open today, January 6, through April 5, 2020. The accelerator will run September 8 through December 3, 2020, culminating in a Demo Day where all participating companies will pitch their newly polished business models to investors and industry leaders. Startups interested in the program are encouraged to contact Techstars or visit the Techstars Future of Longevity Accelerator program page for more information.
The Techstars worldwide network helps entrepreneurs succeed. Founded in 2006, Techstars began with three simple ideas—entrepreneurs create a better future for everyone, collaboration drives innovation, and great ideas can come from anywhere. Now we are on a mission to enable every person on the planet to contribute to, and benefit from, the success of entrepreneurs. In addition to operating accelerator programs and venture capital funds, we do this by connecting startups, investors, corporations, and cities to help build thriving startup communities. Techstars has invested in more than 2,500 companies with a combined market cap of more than $220B. www.techstars.com
Pivotal Ventures is an investment and incubation company created by Melinda Gates to advance social progress in the United States. We work with organizations and individuals to accelerate momentum where progress has stalled and use philanthropy and investment capital to substantially improve people’s lives.