Roughly 75 percent of all venture capital in the U.S. is invested in just three states: California, Massachusetts, and New York. But there have been various initiatives launched in other locations aimed at changing that. The Indianapolis-based Techstars Sports Accelerator, which begins on Jun. 10, is the latest of those.
Since being founded in 2006, Techstars has grown a network of mentorship-based startup accelerators that now counts 43 unique programs. In August, the company released initial details of the Techstars Sports Accelerator Powered by Indy, which plans to invest $120,000 in each of 10 selected startups per year.