A group of scrappy bootstrappers and investors started a movement in Boulder, CO that has spread across the world like a virus. Techstars, an accelerator program for tech startups, hopes to connect 5,000 successful and experienced entrepreneurs and investors to support over 6,000 promising young entrepreneurs over the next 3 years.
According to their website, there are currently 36 accelerators in the Techstars Network, including programs in nearby Chicago and Cincinnati. The program has helped connect experienced mentors with promising startups.
But Indiana is already home to accelerator-esque programs like DeveloperTown and SproutBox, which help build businesses that are already seeing successful exits. Is the Techstars network the right model for the Midwest?
Would adding Techstars at this point help or hurt the Midwest startup community?