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Local Incubator JFDI.Asia Joins TechStars Network

The “mentorship-driven seed stage investment program” TechStars has expanded its network overseas through the “TechStars Network“. The TechStars Network consists of independently owned and operated regional organizations that operate a start-up accelerator program with models similar to TechStars. While most of the incubators in the network are still largely US-based, there are a few European ones and in Asia, JFDI.Asia is the only partner incubator.

The TechStars Network launched January 31, 2011 as part of the White House Startup America initiative (launched by President Obama) and provides professional development, networking opportunities, training and ongoing support for members.

“Entrepreneurs embody the promise of America: The idea that if you have a good idea and are willing to work hard and see it through, you can succeed in this country. And in fulfilling this promise, entrepreneurs also play a critical role in expanding our economy and creating jobs.” ~ President Barack Obama, 31st January 2011

The other incubators are:

From JFDI.Asia:

“We are pleased to have Joyful Frog Digital Incubator join the TechStars Network,” said David Cohen, Founder and CEO of TechStars. “The TechStars Network signals and formalizes our support for credible mentorship-driven programs like Joyful Frog Digital Incubator. We believe the proliferation of the mentorship-driven accelerator model is healthy for entrepreneurs. Through this network of independent organizations, we can help increase their impact dramatically and make entrepreneurial communities the real winners.”

“We are inspired by the 70% success rate that the TechStars model has demonstrated in getting early stage digital businesses to investment,” said Hugh Mason, Co-founder and CEO of Joyful Frog Digital Incubator. “For the start-up businesses we will create, TechStars Network offers access to mentors, markets and investors around the world, so they will grow faster and be better placed to compete globally.”

Nice going, JFDI!



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