Deadline: 29 November 2023
Techstars Miami Accelerator Program is designed to reduce the time it takes to reach product-market fit and increase the number of companies that succeed in doing so.
At Techstars Miami, they help founders reach product-market-fit faster. It takes most successful companies between 3-5 years to reach product-market fit. However, most companies never reach this stage, even after raising millions of dollars.
Techstars offer all selected companies $120,000 of initial funding. In addition to helping founders reach product-market fit, they assist companies that want to raise their next round of funding by running an efficient fundraising process. They also help founders recruit top remote engineering talent.
Funding Information
Each company receives up to $120,000 in funding, and access to the worldwide network of investors, hands-on mentorship, and over $4M of perks.
Benefits
- 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 $5M;
- Demo Day exposure and other investor connections.
What they are looking for?
- Founders that deeply understand their customer’s pain.
- Founders that have demonstrated they can execute quickly.
- Business models that have a plausible path to generating $1bn in annual revenue.
- Any stage, vertical, or market in the Americas.
They have selected startups with as much as $2.5M in funding and as little as just an idea.
Open to founders of all backgrounds, the program is designed to provide equitable access to funding and support for Black, Hispanic and Latino, Indigenous American, and Pacific Islander entrepreneurs.
Criteria
- They fund all types of startups, working in most verticals, using any type of business models. Do keep in mind, however, that the focus is on startups rather than small businesses.
- They do the best to avoid accepting competitive companies into the same program class. However, with the growing number of Techstars companies, there may be competitive companies in the broader Techstars network. In the event there is a company in the Techstars portfolio that’s competitive, they work tirelessly to ensure there is no exchange of sensitive data.
- The primary language that they use in verbal and written communications during all accelerator programs—in every country—is English.
For more information, visit Techstars.