Boulder, Colorado-based startup incubator TechStars is launching a Seattle program set to debut in the fall of 2010. Seattle-based entrepreneur and investor Andy Sack will lead the outpost. TechStars will now have separate, annual programs in Boston, Boulder and Seattle.
TechStars is a “startup boot camp” for tech entrepreneurs in which selected companies receive up to $18,000 in seed funding, three months of mentorship from successful entrepreneurs and investors, and the opportunity to pitch to angel investors and venture capitalists at the end of the program. The incubator has signed on many high-profile Seattle investors and VC funds to act as mentors including Bezos Expeditions, Buerk Dale Victor, DFJ, Founder’s Co-op, and Vulcan Capital. Other Seattle-based mentors include Ben Huh, Chris DeVore, Glenn Kellman, Adam Brotman, Alex Algard and Adam Doppelt.
Seattle has a vibrant tech community so it makes sense for startup incubators to set up programs in the area. The Founder Institute also recently expanded to the Seattle area. And other cities like Atlanta, Washington D.C., San Diego and Boston are getting their own startup programs. Of course, well-known incubator Y Combinator has an outpost in Silicon Valley.
Seattle applications don’t open until May, TechStars is currently accepting applications for its Boston program.