A big step forward today for TechStars, the Boulder-based uber-accelerator founded in 2006 that has set up operations mentoring and funding startups in six cities across the U.S. and powering several more. The company today is opening TechStars London — the first TechStars outpost outside of the U.S. In doing so, it is also announcing a merger with Springboard, a UK-based accelerator founded in 2009 and modelled on TechStars.
Startups interested in applying can come from anywhere, not just Europe, but must physically come to London for the three-month program. Funding is $118,000 (€80,000). That’s the initial $18,000 plus the $100,000 convertible note that all TechStars companies get. The first program will start in July 2013, but the application deadline for this has yet to be announced.
To read the full, original article click on this link: U.S. Accelerator TechStars Merges With UK’s Springboard And Opens Its First International Outpost, In London | TechCrunch
