The Techstars Tel Aviv Accelerator program will provide you with the healthiest possible start and greatly improve your chances for success and sustainability.
Once they invest, they are motivated to help you succeed by introducing you to people who can help, assisting you with strategy, finding more investors, and generally helping you win all along your entrepreneurial journey.
Techstars provides accelerator portfolio companies with access to financial, human, and intellectual capital to fuel the success of their business.
Now, here is the award information:
- Techstars contributes $20,000, which is commonly used as a stipend to support living expenses during the program, and in return receives 6% equity of the company (on a fully diluted basis, issued as common stock) until the company raises a priced equity financing of US $250,000 or more (a “Qualified Financing”). However, if a company conducts a Network Launch using distributed ledger technology (i.e. a blockchain initial coin offering, token event, etc.), then Techstars will also receive 6% of the Token Reserve (i.e. the tokens “held back” for the founders and the company at Network Launch).
- Additionally, upon acceptance to a Techstars mentorship-driven accelerator, every company is offered an optional $100,000 convertible note.
The deadline for submitting the applications is 20-Sep-21.
For more information, please refer to this link.
