Palo Alto, CA (March 24, 2016)
As of 2016 the German Accelerator Tech will be starting a cooperation with the Stanford affiliated business accelerator StartX. After successfully graduating from German Accelerator Tech´s program, top ranked participants will have the opportunity to join this prestigious acceleration program as part of their extension phase.
StartX is deeply immersed in the Silicon Valley startup ecosystem, with a network of over 700 mentors and core partnerships within the United States. Since its launch in 2010 over 300 companies participated in the program raising more than 1 bn USD in venture capital and creating over 2300 jobs. The program’s mission is to help high potential entrepreneurs regardless of industry and company stage by providing “experiential education and collective intelligence”.
Starting 2016, up to two selected German Accelerator companies per quarter will have the opportunity to participate in the three month long StartX acceleration program free of charge. The participating companies will benefit from the cooperation as the resources of the two programs are complementary: While the German Accelerator program focuses on U.S. market entry and product/market fit, StartX offers an extensive network and strategic alliances both with venture capital firms and multinational corporations.
The cooperation adds another important aspect to the German Accelerator program and its mission to support German startups on their way to global category leadership.
About German Accelerator:
The German Accelerator Tech program is a growth acceleration program that supports German startups from tech related sectors to enter the U.S. market. It provides startups with hands-on monitoring and office space at its locations in Silicon Valley, San Francisco, and New York City. German Accelerator identifies and selects the most promising German startups and assists them in their pursuit of becoming category leaders with lasting competitiveness and success in the global market place. The accelerator’s vision is to establish a permanent bridge between Germany and the U.S. that facilitates transatlantic startups, provides inspiration and drives demand, innovation, research, and development in Germany.
Matthias Groo, Marketing & Project Manager
German Accelerator Inc.
720 University Avenue, Palo Alto, CA 94301