The latest city that incubator program TechStars will expand into is bustling tech city Austin, Texas, the organization announced today.
TechStars is an incubator program that selects only a handful of startups in each city it operates in, which receive $118,000 in seed funding ($18,000 plus optional $100,000 convertible note), support from plenty of mentors at successful startups, opportunity to pitch investors, and lots of perks that an up-and-coming company would need to make a big impact.
Austin seems like a shoo-in for the program, as its already a booming tech city with tons of vibrant startups and a good base of offices from large tech companies like Intel, Dell, Samsung, Applied Materials, IBM, National Instruments, and plenty of others.
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