Techstars will build and launch startups with new venture studio
January 16, 2019
Similar to Y Combinator, early-stage technology startup accelerator Techstars has spent much of the last decade supporting and seeding innovative projects, including Plated, ClassPass, SendGrid and PillPack. Now, it wants to take its service a step further.
Today, Techstars is announcing the launch of Techstars Studio, a new venture that will have the accelerator developing and launching venture-scale businesses with the support of several corporate partners. Leveraging its large network of entrepreneurs, Techstars has invited large companies to co-create startups targeting specific challenges within their industry. Techstars says it has signed on 25 corporate partners so far, each of which will pay an annual membership fee to access an early look at the Techstars Studio projects, as well as updates from the team, as concepts transition into prototypes then to full-fledged companies.