Techstars and Audi Denkwerkstatt Founder Innovation Lab

(Updated 24 Jan 2023) Techstars and Audi Denkwerkstatt, the innovation unit of Audi, have partnered together to bring a new offering for ambitious founders in support of building a customer-centric digital ecosystem centred around the car: The Founder Innovation Lab. Consisting of two programmes, the pre-accelerator and the accelerator, the Founder Innovation Lab will provide profound venture building expertise, as well as opportunities to connect with a powerful partner network of mentors, founders and investors.

APPLICATION WINDOW

CLOSED

DEADLINE

1 Feb 2023

PRIZES

- $120,000 investment in your startup. (Techstars contributes $20,000, which is commonly used as a stipend to support living expenses during the programme; Every company is also offered an optional $100,000 convertible note)
- Access to Techstars resources for life
- Acceleration in a 90-day Techstars mentor-based Accelerator programme with personal mentorship and office space
- Lifetime access to the Techstars worldwide network of entrepreneurs including more than 10,000 mentors; 10,0000 investors; 1,600 alumni companies and 200 staff members
- Access to over $400,000 of cash equivalent hosting, accounting and legal support –plus other credits and perks worth more than $1,000,000
- Demo Day exposure and other investor connections

in return for 6% equity of your company until the company raises a priced equity financing of US $250,000 or more. However, if your company conducts a Network Launch using distributed ledger technology (i.e. a blockchain initial coin offering, token event, etc.), then Techstars will also receive 6% of the Token Reserve (i.e. the tokens “held back” for the founders and the company at Network Launch).

OTHER KEY DATES

September 26 2022: Applications Opened
April 11 2023: Start of the Programme
July 6 2023: Demo Day

HOST COUNTRY

FIND OUT MORE  

Credit: Techstars and Audi Denkwerkstatt Founder Innovation Lab 

Date Added: 5 Oct 2022

Tags:    Science   Technology   Engineering   Energy

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