With its Winter program finishing up, TechStars Boston has just made public that they are now accepting applications for a brand-new fall class. Originally, just one class per year was held in Boston, but now the program is bumping up to a bi-annual schedule, creating room for around 24 new startups a year.
With this change comes an expanded focus, as the team is reportedly “inviting robotics, bio informatics, health IT, digital manufacturing and edutech companies to apply.”
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According to managing director Katie Rae:
The main driver for increasing the frequency of the program is the high quality of companies applying. We also have an incredible mentor network that grows every year, and I think we’re personally getting better at running the program. Doing it twice a year lets us have a continuous staff.
TechStars provides $18,000 in seed funding from over 75 top venture capital firms and angel investors, in exchange for 6% equity. We’ve been strong supporters of TechStars in the past, and will continue to do so, as it’s clearly pushing tech scenes across the US to grow.