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Techstars launches a new program in Paris at the Partech Shaker

Techstars launches a new program in Paris at the Partech Shaker
From TechCrunch - March 20, 2017

Techstars is about to launch a new startup accelerator in Paris. Every year, 10 startups will participate in this program during 13 weeks. Techstars is partnering with VC firm Partech Ventures. And in particular, Techstars Paris is going to happen in the Partech Shaker building.

Im happy to announce that were launching the first program in France, Techstars Paris, Managing Director Bertier Luyt told me. It is a city program, a program without any specific industry focus, very broad and open.

The first batch is going to start in September 2017 and applications should start soon. If you get selected, youll receive $120,000 in funding and Techstars will take a 6 percent stake in your company. The good thing is that this program isnt restricted to French startups. Any entrepreneur who wants to spend some time in Paris can apply. I hope foreign entrepreneurs will make the move as well.

Techstars has many different programs. The most famous ones are probably the city programs in NYC, Boulder, Boston and more. The company also partners with big companies, such as Disney, Barclays and more to run accelerators for themthose programs also create a healthy revenue stream.

But Techstars is working with big companies in France as well. Partech made some introductions for Techstars, and it turns out that Air Liquide, Franaise des Jeux, Groupama, Renault and Total are all Techstars Paris partners.

This is exactly what youd expect from this kind of partnerships. Those five companies are giving money and expect to get an early look at some innovative startups. Theyre also providing mentorship, introductions with industry experts, market data and the ability to run tests with those partners, Luyt said.

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