Techstars Mobility has a new home. The accelerator program is moving from Ford Field to the 7th floor of WeWork Merchant’s Row. This puts the program in a central location in Detroit’s growing tech scene, giving participants the opportunity to interact with other entrepreneurs looking to be, as they say in Detroit, a big fish in a small pond.
Techstars Mobility has made in impact in Detroit since its first program in 2014. The program has invested in 33 startups who have raised $45 million. Focusing on all areas of mobility, the program leverages partnerships with top automakers and suppliers to utilize Detroit’s long history of innovating mobile transportation.
The 2018-2019 program will work with CSAA Insurance Group, Bosh, Ford Motor Company, Honda, Volvo and others. It’s an impressive group spanning the mobility space from automakers to insurers.
I’ve long pointed to Techstars programs as a good example of using an area’s strengths to grow startups. Detroit’s Mobility program is the perfect example. To me, it makes more sense to build on an area’s proven industry than try to copy what works elsewhere. It allows the Motor City to continue to be the Motor City rather than trying to become Silicon City.