Techstars last week announced a new accelerator program powered by J.P. Morgan that will invest more than $80 million in diverse entrepreneurs and founders across the country.
According to the announcement, Techstars and J.P. Morgan began partnering in 2021 to develop this program focused on advancing equitable access to funding in major economic centers. Over the next three years, the investment will be distributed to more than 400 companies through 37 Techstars programs in nine U.S. cities. The first five cities are Atlanta, Chicago, Detroit, Miami, and Washington, DC which launched in conjunction with the announcement. The Los Angeles, New Orleans, New York, and Oakland programs will launch in 2023.
The Atlanta program – click here for more details – will operate in what is described as a “remote-first format,” meaning the first and final weeks will be in-person and all other programming will occur remotely.
Hypepotamus conducted an interview with Melissa Pegus, Managing Director of the latest Techstars accelerator in Atlanta, to gain additional insights. Click here to read the article.