German Vice Chancellor announces expansion of the German Silicon Valley Accelerator program
Sunnyvale, California – May 21, 2013
The team of the German Silicon Valley Accelerator (GSVA) is excited to announce the expansion of its program, supported by the Federal Ministry of Economics and Technology. The official announcement was made by Vice Chancellor and Federal Minister Dr. Philipp Rösler during his visit to Silicon Valley on Monday, May 20th in San Francisco. The expansion is a clear sign of the successful results the GSVA program has delivered since starting in 2012. Because of the increased number and quality of applying startups, the expansion was a logical step forward and gives the GSVA Team recognition for their outstanding work in support of German startups abroad. With the expansion of the program, GSVA will now be in a position to support double the amount of companies.
According to Dietmar Harhoff, Chairman of GSVA, “the program has seen a growth in applications of more than 30%” for its bi-annual selection process.” Moreover, “we are also pleased that the quality of the applying startups has continuously improved”, Harhoff said.
With the additional number of startups now supported by the program, GSVA will also open a second location in San Francisco in addition to its current offices in Silicon Valley. For many of the startups focusing on consumer and mobile markets, working out of the San Francisco branch will offer the perfect environment and access to networks crucial for a successful development into leading companies.
The current group of GSVA participants includes Adtelligence, Azeti Networks, Celonis, Fruux and Mobile Event Guide who have joined the program in April and have celebrated initial successes in building partnerships, acquiring customers and setting up their U.S. subsidiaries since, all milestones in becoming global winning companies.
GSVA is looking forward to receiving the next round of great applications by August 31. The companies selected by the jury will then have the chance of rolling out their business on a global scale. Applications can be submitted at http://germanaccelerator.com/application/.
ABOUT GERMAN SILICON VALLEY ACCELERATOR:
The German Silicon Valley Accelerator (GSVA) is a three to six months acceleration program for German Information and Communication Technology startups in Silicon Valley. It is supported by the German Federal Ministry of Economics and Technology (BMWi), the EXIST Program, and a variety of private sponsors, partners and donors. Its vision is to establish a permanent bridge between Germany and Silicon Valley that facilitates transatlantic startups, provides inspiration and drives innovation and research and development in Germany. Participation in the program is free of charge for all selected companies.