Here is the link to the press release from Techstars: http://www.techstars.com/techstars-acquires-up-global/
From the Techstars blog:
Techstars and UP Global have a long-standing relationship dating back to 2007 when the idea for Startup Weekend was born out of the Techstars basement in Boulder, CO. Startup Weekend was created as a community event for the first Techstars class to get to know each other — we’ve always had a close relationship and share a similar vision of empowering entrepreneurs worldwide.
Together, we’ve built programs and resources for every stage of the entrepreneurial journey – from community catalysts who are focused on early stage grassroots community development to entrepreneurs looking for more formal opportunities that provide education, a powerful mentor network, acceleration, funding and beyond.
All UP Global programs will now become part of Techstars but will remain open and independent in their execution at a community level. The programs will continue to run as they do now, and we expect additional expansion of these programs, as well as our existing accelerator programs, in the future. We’re excited that Google for Entrepreneurs will continue to partner with us by powering the Startup Weekend and Startup Next programs. Furthermore, effective immediately, fees previously associated with Startup Next, UP Global’s pre-accelerator program, have been eliminated – enabling more entrepreneurs to take advantage of that resource to help them scale.
By joining forces with UP Global, Techstars can continue to accelerate the pace of innovation by strengthening the path for entrepreneurs, providing better support for entrepreneurial communities, and helping to grow the worldwide entrepreneurial ecosystem. We will also continue to collaborate with other accelerators in the UP Global network, as we believe this will benefit all startups, not just those that are part of Techstars.
What is Techstars?
Techstars is a mentor-driven accelerator – a program that crams two or three years’ worth of entrepreneurial learning and experience into three months. They have locations in Austin, Boston, Boulder, Chicago, New York, Seattle, and two cities in Europe. Click here to visit their website.
What is Up Global?
Up Global is an international nonprofit that focuses on grassroots style startup community building. Up Global is the organization in charge of Startup Weekend, which we do here in Peoria.[slideshare id=38890511&doc=upglobal-whitepaper-v03-rgb-140909153302-phpapp02]