Techstars SportsTech Accelerator
Supported through LaunchVic's fourth funding round, Techstars received LaunchVic funds to support the establishment of a Melbourne SportsTech accelerator program for 20 startups over a 2-year time period.
Techstars SportsTech Melbourne Accelerator focuses on early-stage sports technology companies that aim to disrupt and drive innovation in high performance sport, grassroots participation, as well as event and media technology.
|Program Location||Melbourne, accepting startups from around the globe (Online delivery during COVID-19)|
|Length of Program||12 weeks|
|Application Period||November - February|
|Program Engagement||A 3 month program which provides startups with access to a global network of mentors and workshops. This program also provides access to over $400k of cash equivalent hosting, and other credits and perks worth more than $1M. Program culminates in a final Demo Day with exposure to investors and customers|
|Venture Stage||Early Stage, Scaling Startups|
|Program Cost||$0 program fee|
|Investment Structure||Every company is offered a $100,000 convertible note. Techstars contributes $20,000, and in return receives 6% common stock from each company.|
|Desk Space||Located at Tennis Australia HQ, Melbourne. (Not available during COVID-19)|
Visit the Techstars program page for program details and dates.