SYRACUSE — The StartFast Venture Accelerator, set to launch in May in Syracuse, is now accepting applications for its three-month program.
StartFast is part of the Techstars Network. The original TechStars program began in Boulder, Colo. in 2007 and has since expanded to Boston and two sites in New York City.
Of 104 companies that have completed the program, 90 are still active and eight have been acquired. The businesses now employ more than 570 people and have secured more than $84 million in follow-on funding.
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Firms leaving the program average $1 million in outside venture capital raised, according to TechStars.
The Techstars Network includes more than 30 affiliated accelerators around the world. The local program will follow the established TechStars model.
Organizers will choose 10 companies from a pool of what they expect will be hundreds of applicants. The three month program will focus on helping the startups develop and validate a prototype product and secure enough funding for them to move forward with their work.
The focus will be on software and Internet firms and those developing mobile apps. For more information and application information, visit http://startfast.net.
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