Note: I had meant to post this news a few weeks ago but somehow it ended up stuck in my draft folder.
The Brandery is now a member of the TechStars Network, a newly launched White House-sponsored alliance of independently owned and operated startup accelerator programs from dozens of cities across the United States and around the world.
The TechStars Network is comprised of other startup accelerator programs similar to The Brandery that provide seed funding and mentorship to innovative entrepreneurs. The Brandery will collaborate with these organizations and learn best practices from the mentorship-driven model pioneered by TechStars, the leading startup accelerator program in the United States.
As a member of the TechStars Network, The Brandery will have access to a rich set of strategic resources including professional development and ongoing support to effectively lead and mentor innovative entrepreneurs in Cincinnati.
The TechStars Network is part of the Startup America initiative, launched today by President Obama. In partnership with the White House, the goal of the TechStars Network is to become an engine for job growth by ensuring that over the next four years, 5,000 experienced business leaders and investors will mentor and support 6,000 promising young entrepreneurs. The aim is to increase the success rate and sustainability of each program, and to ultimately create 25,000 new economy jobs by 2015.
“We are pleased to have The Brandery join the TechStars Network,” said David Cohen, founder and CEO of TechStars. “The TechStars Network signals and formalizes our support for credible mentorship-driven programs like The Brandery. We believe the proliferation of the mentorship-driven accelerator model is healthy for entrepreneurs. Through this network of independent organizations, we can help increase their impact dramatically and make entrepreneurial communities the real winners.”
Brandery co-founder David Knox said the network provides a terrific opportunity to expand the reach and resources of Cincinnati’s consumer-marketing-oriented accelerator.
“For our first class last summer, more than 70 companies applied from 15 states, and three of the six we accepted moved here from outside our region,” said Knox. “This network will offer visibility that will help us continue to provide Cincinnati with a net gain of entrepreneurs.”
Also, Knox said, “with TechStars Network’s rich set of strategic resources, we will build stronger companies faster.”
The application period for Brandery Class 2 begins April 1. More information will be available at www.brandery.org.
The Brandery joins a select group of invitation-only TechStars Network members in major cities across the United States and around the world. Today the network is open to all entrepreneurial thought leaders and organizations interested in building or enhancing mentorship-driven startup accelerator programs.