Applications are now open for alchemist Blockchain Techstars Accelerator 2020.At Techstars, They believe Techstars is for Life. With that, they want to share a little about our history. It highlights key milestones that led us to where they are today and a few of the people that played a key role in getting us there. Techstars provides accelerator portfolio companies with access to financial, human, and intellectual capital to fuel the success of their business.

Upon acceptance to the Alchemist Techstars mentorship-driven accelerator, every company is offered a $100,000 convertible note. Techstars contributes $20,000, which is commonly used as a stipend to support living expenses during the program. Also,  in return, receives 6% common stock from each company. They provide working and meeting spaces, as well as a nice lounge, all with super fast and reliable wireless Internet access. They just want you to focus on creating a great product while you’re here, and not have to worry about all this other stuff.

Benefit

• Access to Techstars resources for life;
• Acceleration in a 90-day Techstars mentorship-driven accelerator program with personal mentorship and office space;
• Lifetime access to the Techstars worldwide network of entrepreneurs, including more than 10,000 mentors, 10,000 investors, 1,600 alumni companies, and over 200 staff members;
• Access to over $400k of cash equivalent hosting, accounting, and legal support—plus other credits and perks worth more than $1M;
• Demo Day exposure and other investor connections.
• Historically, on average, Techstars companies go on to raise more than $2M of outside capital after the program. they believe our stats speak for themselves

Selection Criteria

They choose great founders who are proposing products that solve real problems or create meaningful innovations. For us, it’s about the team. For this reason, they are less likely to accept single founder companies (you’re less likely to have all the skills your company needs to succeed). The best things you can do to strengthen your application are:

• Round out your team with business, technical, and other necessary skills;
• Make progress on your prototype or product and reference it in the application;
• Show us you’ve really thought about your business and have out there to do something about it;
• Demonstrate early traction or provide data points to validate your core assumptions.