Now startups don’t have to wait around for attention for deals from larger companies in their fields. David Cohen founded Techstars, which allows founders of startups to attend a 3 month program and gain exposure and support, as reported by the Des Moines Register.
Techstars’ program is called Techstars++ and its first major partner is the Mayo clinic. Those who have fresh businesses in the medical space, for instance, can collaborate with the Mayo clinic for business advice and guidance.
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David Cohen said, “What you are getting …. is time with world-renowned experts in your space and feedback on what you are doing and the potential to do a business deal. It makes sense for both parties.”
As part of the program, startups get $118, 000 in seed money in exchange for a 7 to 10 percent stake in the startup.