Techstars is scouting in Lisbon to recruit startups in the retail industry for its Metro acceleration program in April.
The arrival of Techstars in Lisbon integrates a series of visits that the accelerator is doing in partnership with the German group Metro, owner of Makro in Portugal, Economia Online (ECO) reported on Friday.
“We are here for two fundamental reasons: we had Portuguese startups in the last program and we took the opportunity to visit them. Lisbon has given us very good entrepreneurs and we believe that this can be repeated — that there are many others,” said Jag Singh, Managing Director at Techstars’ Metro Retail Accelerator.
Applications for startups interested in the Techstars Metro Accelerator for Retail program are open until February 2. The program, created in 2015, starts on April 23 with 10 startups, and ends on July 12 with Demo Day.
“What I’m looking for are high quality startups, which are disruptive at any point in the retail channel. Management, blockchain. What I’m looking for are quality startups that can be partners for large retail groups,” Singh told ECO.
“Lisbon is central to this task of finding members of the ecosystem at this time. We are investors, and we are looking for good opportunities. We can highlight startups from across the country and give them access to our combined networks – Techstars and Metro. If we do that, we have already done something good in this world,” he added.
Selected startups to Techstars’ Metro Accelerator for Retail gain:
- An offer of €120,000 worth of investment
- Unparalleled access to METRO’s intellectual capital
- Close purpose-driven mentorship from METRO and Techstars industry experts and experienced entrepreneurs
- Free dedicated working space in Berlin during the program
- Judiciously prepared high stakes Demo Day
- The opportunity to become a lifelong member of the METRO and Techstars alumni network
The Metro Accelerator for Retail powered by Techstars handpicks few select startups for an intensive three-month program built on the foundation of marked funding and investment opportunities.