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Betaspring Joins TechStars Network To Accelerate Startup Businesses and Enhance Entrepreneurship in Rhode Island
Posted February 3, 2011
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As a TechStars Network Member, Betaspring Takes Part in White House Startup America Program
Providence, RI -- Betaspring is today announcing that it is a member of the TechStars Network, a newly launched White House sponsored alliance of independently owned and operated startup accelerator programs from dozens of cities across the United States and around the world.
The TechStars Network is comprised of other startup accelerator programs similar to Betaspring that provide seed funding and mentorship to innovative entrepreneurs. Betaspring will collaborate with these organizations and learn best practices from the mentorship-driven model pioneered by TechStars, the leading startup accelerator program in the United States. As a member of the TechStars Network, Betaspring will have access to a rich set of strategic resources including professional development and ongoing support to effectively lead and mentor innovative entrepreneurs in New England.
The TechStars Network is part of the Startup America initiative, launched January 31st by President Obama. In partnership with the White House, the goal of the TechStars Network is to become an engine for job growth by ensuring that over the next four years, 5,000 experienced business leaders and investors will mentor and support 6,000 promising young entrepreneurs. The aim is to increase the success rate and sustainability of each program, and to ultimately create 25,000 new economy jobs by 2015.
"We are pleased to have Betaspring join the TechStars Network," said David Cohen, Founder and CEO of TechStars. "The TechStars Network signals and formalizes our support for credible mentorship-driven programs like Betaspring. We believe the proliferation of the mentorship-driven accelerator model is healthy for entrepreneurs. Through this network of independent organizations, we can help increase their impact dramatically and make entrepreneurial communities the real winners."
"At Betaspring, we are bringing Rhode Island to play on the global business stage. Our membership in The TechStars Network allows us to accelerate progress towards the goal of producing startups that are considered to be among the best in the world. By sharing in and giving back to the TechStars Network's rich set of strategic resources, we will all build stronger companies faster that are better able to compete internationally," said Allan Tear, Managing Partner, Betaspring.
Betaspring joins a select group of invitation-only TechStars Network member organizations in major cities across the United States and around the world. Today the network is open to all entrepreneurial thought leaders and organizations interested in building or enhancing mentorship-driven startup accelerator programs.
About Betaspring
Betaspring is a mentorship-driven startup accelerator for technology and design entrepreneurs who are ready to build a product, launch a company, and change the world. Competitive entrepreneurial teams from around the world come to Providence, RI, for our intensive twelve-week program. During these twelve weeks, we help teams transform themselves into functional, fundable companies by providing mentorship, kickoff funding, and immersion in an intense startup community of like-minded entrepreneurs. At the end of the program teams have the opportunity to present their company to investors during our Demo Day event. Betaspring has accelerated 16 startups since 2009 who collectively have raised $5 Million in follow-on funding. Betaspring is a charter member of the TechStars Network, part of the White House-sponsored Startup America Partnership (
http://www.startupamericapartnership.org/...).
For more information about Betaspring visit http://betaspring.com/
About the TechStars Network
The TechStars Network is a membership organization that ensures the sharing of resources and best practices between independently owned and operated mentorship-driven seed acceleration programs across the globe. Currently, the TechStars Network includes charter members in dozens of cities, including AlphaLab, Pittsburgh, PA; Arizona State University, Scottsdale, AZ; Betaspring, Providence, RI; Blueprint Health, New York, NY; BoomStartup, Salt Lake City, UT; Excelerate Labs, Chicago, IL; Founders Co-op, Seattle, WA; Incubate Miami, Miami, FL; Joyful Frog Digital Incubator; Singapore; Jumpstart Foundry, Nashville, TN; LaunchPad Ignition, New Orleans, LA; Ryan Academy Propeller Seed Accelerator Program, Dublin, Ireland; Springboard, Cambridge, UK; Startupbootcamp, Copenhagen, Denmark and Madrid, Spain; TechStars Boston, MA, New York, NY, Boulder, CO and Seattle, WA; Tech Wildcatters, Dallas, TX; The Brandery, Cincinnati, OH; The Elevator, Tel Aviv, Israel. The TechStars Network is quickly expanding its membership. For more information, visit http://www.techstars.org/network.
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