Renowned startup accelerator Techstars is launching in Paris with a new 13-week program kicking off later this year.
Founded out of Boulder, Colorado in 2006, Techstars has expanded its global footprint over the past decade to include 27 accelerators spread across the U.S., Europe, and Africa, with existing E.U. hubs in London and Berlin. That it’s adding Paris to its international roster is notable, as it comes as the French capital strives to capitalize on Brexit and woo fledgling fintech startups based in London.
The Techstars program will be based in the Partech Shaker, a startup campus established in 2014 by Partech Ventures, a VC firm set up in 1982 with hubs in Paris, San Francisco, and Berlin. Partech Ventures recently closed a new $108 million fund for 80 seed-stage startups in the U.S. and Europe, which followed a new $440 million fund aimed at growth-stage startups.
“Hosting Techstars at the Partech Shaker is in line with our approach of creating an international entrepreneurial ecosystem in the heart of Paris,” explained Marie Raichvarg, managing director of the Partech Shaker. “Techstars will bring the best startups, both French and international, to the Partech Shaker. It is also a way to offer valuable connections to the startups that we support, and to enrich our network of mentors.”
Once selected, the first class of Techstars Paris will begin their mentoring in September, 2017, and mentors include Deliveroo founder William Shu, Facebook product director Mike Hudack, and Nuno Simaria, CTO at HelloFresh.