Techstars Launches A New Accelerator for Connected Devices

8-20-2013 12-47-04 AM

Accelerator giant Techstars partners with digital marketing firm R/GA to design and launch a new accelerator program aimed specifically at startups working in the connected devices field. This would include wearable devices, home monitoring systems, and more.

Techstars is not new to launching accelerator programs, within the healthcare industry or outside it. The company organized Nike’s FuelBand accelerator program and Microsoft’s Kinect-based accelerator program.

The accelerator is expected to launch within the next few months. There will likely be 10 initial participants, who will each receive a $20,000 investment and an optional $100,000 in the form of a convertible note. The program will be based in New York.

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