Techstars and UP Global have a long-standing relationship dating back to 2007 when the idea for Startup Weekend was born out of the Techstars basement in Boulder, CO. Startup Weekend was created as a community event for the first Techstars class to get to know each other — we’ve always had a close relationship and share a similar vision of empowering entrepreneurs worldwide.
Together, we’ve built programs and resources for every stage of the entrepreneurial journey – from community catalysts who are focused on early stage grassroots community development to entrepreneurs looking for more formal opportunities that provide education, a powerful mentor network, acceleration, funding and beyond.
All UP Global programs will now become part of Techstars but will remain open and independent in their execution at a community level. The programs will continue to run as they do now, and we expect additional expansion of these programs, as well as our existing accelerator programs, in the future. We’re excited that Google for Entrepreneurs will continue to partner with us by powering the Startup Weekend and Startup Next programs. Furthermore, effective immediately, fees previously associated with Startup Next, UP Global’s pre-accelerator program, have been eliminated – enabling more entrepreneurs to take advantage of that resource to help them scale.
By joining forces with UP Global, Techstars can continue to accelerate the pace of innovation by strengthening the path for entrepreneurs, providing better support for entrepreneurial communities, and helping to grow the worldwide entrepreneurial ecosystem. We will also continue to collaborate with other accelerators in the UP Global network, as we believe this will benefit all startups, not just those that are part of Techstars.
We are excited about the newly merged organization and the injection of top talent. Marc Nager, CEO of UP Global, will continue in his role as leader of the UP Community as Chief Community Officer. Marc will continue to lead most UP employees, with other core functions (marketing, IT, finance) combining teams.
The combined organization is global in reach, diverse in makeup, broad in expertise, and rich in startup experience. We are stronger together.
With today’s announcement, the entire team at UP Global will be joining Techstars and will continue supporting the community so that we can remain focused on managing and expanding our existing accelerator programs. Techstars will remain the high quality network and programs we know and love today.
We are committed to the lifelong impact that entrepreneurs have on the world, no matter where they choose to live. We believe this partnership is great news for entrepreneurs everywhere. Together, we will leverage each other’s areas of expertise and combine resources to provide more sustainable support for communities and the entrepreneurs within those communities.
To everyone in the UP Global Community — welcome to the Techstars family! Techstars is for life. We are proud to be joining forces with you and look forward to working together towards our combined vision of creating the world’s first truly global ecosystem for entrepreneurs to bring new technologies to market.
For more details, here is a link to UP’s announcement.
To learn more about UP Global’s 1,800 worldwide events, check out their impact report.
If you have questions about TS+UP, please visit http://ift.tt/1R4ih71 for FAQs and more information.
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