Techstars announced it is accepting applications for the next cohort of its Toronto accelerator.
The accelerator, which will begin on February 4, will provide startups with a $100,000 convertible note and $20,000 in exchange for six percent stock. Companies will also receive office space for three months and connections to the Techstars network of founders, alumni, and mentors.
Announced in March 2017, Techstars chose Toronto as its first Canadian accelerator, with Real Ventures as a partner. Techstars later announced that Sunil Sharma would take the helm as managing director of the accelerator. Tariq Haddadin is currently the program manager at Techstars Toronto, which held its first-ever Demo Day in April.
Past participants of Techstars’ Toronto Accelerator include Cinchy, which eliminates the need for application-specific databases, and LumiereVR, which creates immersive VR experiences for brands.
Techstars and Real Ventures launched a Montreal-based AI accelerator in March.
Applications for Techstars Toronto are open until October 14. The program will end with a Demo Day on May 2, 2019.
Photo via Unsplash.
