Chronicle Journal: Finance

Techstars introduces Techstars Studio to rapidly envision, validate, and launch startups

BOULDER, Colo., Jan. 16, 2019 /PRNewswire/ -- Techstars, the worldwide network that helps entrepreneurs succeed, today announced the launch of Techstars Studio, a new offering that will empower members of the Techstars worldwide network to rapidly envision, validate, and launch disruptive startups.

"In 2007, Techstars forever changed the way entrepreneurs build companies by introducing the mentorship-driven accelerator model," said David Cohen, founder and co-CEO of Techstars. "Today, Techstars is launching a new way to build companies by coupling a full service venture studio with the entrepreneurial talent of the Techstars worldwide network and our proven track record of helping startups succeed. Techstars Studio provides services including strategy, design, engineering, and more to help you build your next company."

Large corporations can tap into Techstars Studio to co-create companies to solve specific challenges in their industry. Through an annual membership, large corporations will have access to early views of the technology and routine updates as the Techstars Studio team moves ideas from concepts to prototypes to companies. At launch, Techstars Studio has the support of more than 25 corporate partners and advisors.

"Our corporate partners are so excited about Techstars Studio because we have an unparalleled network of entrepreneurial talent, with a proven track record for discovering the most promising founders and helping them build successful companies," added Sabrina Kelly, Techstars vice president of Talent.

Techstars Studio will enable Techstars to source and support new company concepts from Techstars alumni founders, community leaders, venture capitalists, and corporate partners. The team will validate ideas, design prototypes, test market adoption, and select the most promising concepts for launch. Techstars Studio will then spin out new startups and source talent and capital from its worldwide network to run the company.

Joining Techstars Studio is Isaac Saldana, founder of SendGrid (NYSE: SEND) and Mike Rowan, former VP of SendGrid Labs, who will work with a team of advisors and founders in residence — each a member of the Techstars worldwide network — who collectively have founded companies valued at more than $10B today.   

"I joined the Techstars network in 2009 when SendGrid went through the Techstars Boulder Accelerator program," said Isaac Saldana, chief technology officer of Techstars Studio.  "After seeing SendGrid through to IPO, Mike Rowan and I created Joy Labs as an innovation platform to empower the network that develops the world's best software. Because Techstars is about helping entrepreneurs succeed, I feel grateful for the opportunity to join Techstars Studio and leverage all of this to help other entrepreneurs build great companies, and continue our vision to make software better."

Techstars has a proven track record of helping the most promising and highest-quality startups succeed and a worldwide talent network ready to go to work on the next great idea. Want to rapidly envision, validate, and prototype disruptive new startups? View this video to learn more. Visit Techstars Studio to get involved:

About Techstars
Techstars is the worldwide network that helps entrepreneurs succeed. Techstars founders connect with other entrepreneurs, experts, mentors, alumni, investors, community leaders, and corporations to grow their companies. Techstars operates three divisions: Techstars Startup Programs, Techstars Mentorship-Driven Accelerator Programs, and Techstars Corporate Innovation Partnerships. Techstars accelerator portfolio includes more than 1,700 companies with a market cap of $18 Billion. 


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SOURCE Techstars

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