The New Stuff

Techstars launches a new program in Paris at the Partech Shaker


Techstars is about to launch a new startup accelerator in Paris. Every year, 10 startups will participate in this program during 13 weeks. Techstars is partnering with VC firm Partech Ventures. And in particular, Techstars Paris is going to happen in the Partech Shaker building.

“I’m happy to announce that we’re launching the first program in France, Techstars Paris,” Managing Director Bertier Luyt told me. “It is a ‘city program’, a program without any specific industry focus, very broad and open.”

The first batch is going to start in September 2017 and applications should start soon. If you get selected, you’ll receive $120,000 in funding and Techstars will take a 6 percent stake in your company. The good thing is that this program isn’t restricted to French startups. Any entrepreneur who wants to spend some time in Paris can apply. I hope foreign entrepreneurs will make the move as well.

Techstars has many different programs. The most famous ones are probably the city programs in NYC, Boulder, Boston and more. The company also partners with big companies, such as Disney, Barclays and more to run accelerators for them — those programs also create a healthy revenue stream.

But Techstars is working with big companies in France as well. Partech made some introductions for Techstars, and it turns out that Air Liquide, Française des Jeux, Groupama, Renault and Total are all Techstars Paris partners.

This is exactly what you’d expect from this kind of partnerships. Those five companies are giving money and expect to get an early look at some innovative startups. “They’re also providing mentorship, introductions with industry experts, market data and the ability to run tests with those partners,” Luyt said.

There will only be one batch per year. If your startup isn’t at the right stage for the end of 2017, maybe you should consider another Techstars program as they don’t happen at the same time.

“After the batch, we develop another program for Techstars Paris partners, for their teams and employees,” Luyt said. “The first program is scheduled for the first quarter of 2018.” This way, the good old French giants like Total and Renault will get to know how startups actually work.

The launch of Techstars Paris is a good sign for the French tech ecosystem. There are already many, many different accelerators in France, but the Techstars brand is stronger than many of those.

As for the business model, big public companies really want to spend money on all things startups. I’m not sure it’s going to add a ton of value for startups, but at least it makes the program possible.

I personally can’t wait to see the first batch of startups this fall. Maybe the reputation of Techstars will turn this program into an interesting signal for young startups in France.

Recently Published

»

TechCrunch Tel Aviv Pitch-Off: Here are your startups and judges!

 On June 28 in Tel Aviv, we’re hosting the TechCrunch ...

»

VC Justin Caldbeck raised funding in email to accuser ahead of scandal breaking

 TechCrunch has reviewed an email allegedly sent by VC Justin ...

»

Houzz raises a huge $400M round at a $4B valuation

 If you ask investors in Silicon Valley about Houzz — an ...

»

Binary Capital reportedly delays closing new fund amid controversy

 In the wake of allegations of sexual harassment and the ...

»

Headstart wants to better analyze candidates to fit them with the best jobs

Nicholas Shekerdemian has a pretty typical startup story: he dropped ...

»

Relevnt launches a publisher-centric news app

Florida startup Relevnt is experimenting with a new ...

»

5 burning questions Blue Apron’s IPO is about to answer

Blue Apron will be going public in short order, kicking off the ...

»

Not a minimalist? Startups will gladly store, manage and deliver your items

If our civilization collapses and archaeologists return centuries ...

»

Andrew Ng announces Deeplearning.ai, his new venture after leaving Baidu

Andrew Ng, the former chief scientist of Baidu, announced his next ...