TechStars announced today that it is opening a program in a new location, New York City. This will be the fourth city into which the program has expanded, joining Boulder, Seattle, and Boston.In what's bound to be a boost for an already thriving tech startup scene, the Boulder-based incubator
TechStars is accepting applications now for the NYC Class of 2011. The deadline for applying is November 21, and the inaugural program will kick off in New York in mid-January of next year.
TechStars provides participants in the 3 month program up to $18,000 in seed funding ($6000 per team member), office space, and mentoring.
And the list of mentors for the New York program is impressive, including Foursquare's Dennis Crowley, Founder Collective's Chris Dixon, GetGlue's Alex Iskold, First Round Capital's Charlie O'Donnell, and Union Square Venture's Fred Wilson, to name just a few.
TechStars takes a 6% equity stake in each startup and has demonstrated a solid track record for those who've participated in the incubator program.