Techstars Teams Up With Canada’s Real Ventures For Techstars Toronto
Techstars, the global startup accelerator program that’s been launching companies since 2006, announced Thursday that they are expanding to Toronto.
To date Techstars has held over 100 different accelerator sessions, in 18 cities. That’s yielded over 1000 companies in their portfolio. Some of their biggest success stories include; Sphero, Sendgrid, Time Hop, Twillio, Bellhops and of course Uber. Techstars companies have raised over $3 billion dollars in venture capital.
With impressive stats like that, cities all over the world are chomping at the bit to attract Techstars to their growing startup communities. David Brown, Techstars co-founder and co-CEO, said that Techstars Toronto has been in the works since co-founder David Cohen visited Toronto Waterloo in 2014.
Techstars has helped launch several Canadian companies through their US programs including; Vanilla Forums, Lean Systems, Mosaic, Kepler, Sprout Wellness, Shyft and CuePath Innovations.
Brown went onto say that the Toronto program will have a horizontal focus and operate similarly to their programs in Boulder, Austin, Boston and New York City.
“The Toronto-Waterloo/Kitchener startup market is full of innovation, mentors and capital and these are the exact ingredients needed for a successful accelerator program.” Brown said.
Techstars has partnered with Toronto based Real Ventures for the program. They will provide the investment capital for the program. The Real Ventures team first visited Techstars in 2009. Since then they have invested in Techstars graduating companies and co-invested alongside Techstars Ventures.
“Since 2011, when we first launched FounderFuel, our Montréal based accelerator, we have seen the impact that this type of program can have and we are sure that the presence of Techstars Toronto will contribute significantly to the Toronto-Waterloo/Kitchener startup ecosystem and complement other programs and initiatives in the region such as Creative Destruction Lab, Ryerson’s DMZ, Communitech’s Rev and Next AI (amongst many others).” Real Ventures said on their blog
Techstars Toronto will open it’s doors in 2018. They plan on opening up applications later in 2017.
You can sign up to stay informed on when Techstars will officially launch in Toronto by clicking here.