November 1, 2011

10x joins TechStars, part of White House Startup America

The 10-xelerator (10x), led by the Center for Entrepreneurship at Fisher, is now a member of the TechStars Network, an invitation-only White House sponsored alliance of independent startup accelerator programs from dozens of cities across the United States and around the world.

The TechStars Network is comprised of select startup accelerator programs around the world that provide seed funding and mentorship to innovative entrepreneurs. 10x will collaborate with these organizations and share best practices from the mentorship-driven model pioneered by TechStars Network, the leading startup accelerator program in the United States. As a member of the TechStars Network, 10x will have increased access to a rich set of strategic resources including professional development tools and ongoing support to effectively lead and mentor innovative entrepreneurs in central Ohio.

“We are pleased to have 10x  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 those at The Ohio State University. 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.”

The TechStars Network is part of the Startup America initiative, launched by President Obama. In partnership with the White House, TechStars Network was created to become an engine for job growth by ensuring that over the next four years, 5,000 experienced business leaders and investors will mentor and support 6,000 promising young entrepreneurs. The aim is to increase the success rate and sustainability of each program and to ultimately create 25,000 new economy jobs by 2015.

10x, launched in April 2011 in partnership with Ohio’s New Entrepreneurs (ONE) Fund, is an innovative business accelerator designed to attract and retain the best and brightest talent to Ohio. The intensive 10-week program provides funding, mentorship and professional development for talented entrepreneurs. Participants in the 10x will now have  the opportunity to reach an even larger, national pool of experts and resources through the TechStars Network.  

 “We are honored to join this elite alliance of startup accelerators from around the world, which will boost and support the 10x mission to advance entrepreneurship, innovation, and technology commercialization,” said Michael Camp, executive director for Ohio State’s Center for Entrepreneurship. “Ohio State’s selection to this invitation-only program also validates and recognizes our strong track record in educating and mentoring emerging business leaders in today’s volatile economic climate.”

The Center for Entrepreneurship joins a select group of TechStars Network member organizations in major cities across the United States and around the world.