AI technologies and business applications continue to evolve. Techstars Montreal AI will select startups that advance the development and application of artificial intelligence across all industries and markets.
in 3 months
Techstars Montreal AI Accelerator is the third Techstars accelerator in Canada with the support of Real Ventures. AI technologies and business applications continue to evolve. Techstars Montreal AI will select startups that advance the development and application of artificial intelligence across all industries and markets.
On average, accelerator companies raise > $1M in the first round of investment post-program, and >$3M in subsequent rounds. Participating in an accelerator provides valuable access to funding, industry mentors, potential venture capital investors, and +400 perks worth more than $1M. Plus, you’ll join a powerful lifetime network of +10,000 founders, mentors, and investors - all committed to helping each other by “giving first”.
What investments does Techstars make in its accelerator portfolio companies?
Techstars provides accelerator portfolio companies with access to financial, human, and intellectual capital to fuel the success of their business.
Upon acceptance to a Techstars mentorship-driven accelerator, every company is offered a $100,000 convertible note.
Techstars contributes $20,000, which is commonly used as a stipend to support living expenses during the program, and in return receives 6% of the Token Reserve (i.e the tokens “held back” for the founders and the company at Network Launch) and 6% equity of the company (on a fully diluted basis, issued as common stock) until the company raises a priced equity financing of US $250,000 or more (a “Qualified Financing”).
Can you help with Visa or immigration issues?
You do have to be legally in the program country during the program, of course. Once you are accepted into a program, we can help with legal/immigration issues by leveraging our contacts and network to help. However, we cannot help with them in advance of acceptance to Techstars.
Illustration Photo: AI Station Staff (credits: MIKI Yoshihito / Flickr Creative Commons Attribution 2.0 Generic (CC BY 2.0))