Techstars has teamed up with VC firm Partech Ventures to launch a brand new startup accelerator programme in Paris.
Since its launch in 2006, Techstars has started 27 programmes across the US, Europe and Africa, helping startups to gain footing through mentorship, funding and partnerships.
And later this year, Techstars will be coming to Paris, offering 10 startups the chance to be part of the 13-week programme, which will be held in the Partech Shaker building.
Marie Raichvarg, managing director of the Partech Shaker, said: “Hosting Techstars at the Partech Shaker is in line with our approach of creating an international entrepreneurial ecosystem in the heart of Paris.
“Techstars will bring the best startups, both French and international, to the Partech Shaker.
“It is also a way to offer valuable connections to the startups that we support, and to enrich our network of mentors.”
The 10 selected applicants will be given $120,000 in funding for a 6% stake in the company, and will gain mentorship from Facebook product director Mike Hudack, Deliveroo founder William Shu and HelloFresh CTO Nuno Simaria.
Managing Director at Techstars Bertier Luyt said: “I’m happy to announce that we’re launching the first program in France, Techstars Paris. It is a ‘city program’, a program without any specific industry focus, very broad and open.”
“After the batch, we develop another program for Techstars Paris partners, for their teams and employees. The first program is scheduled for the first quarter of 2018.”
Applications for the programme are open now until 18th June, and Techstars Paris is not limited to just French companies.
VC firm Partech Ventures is a technology-focused investment firm that invests “from €200k to €40m in technology companies from seed to growth stage.”
Last year it was announced that Partech Ventures had reinvested in dating startup Once, helping to boost the app’s total funding to €8m.
To find out more about Techstars’ accelerator programmes please click here.