Packers, Microsoft Drop Accelerator Plans; TitleTownTech Still a Go
Summary
TitleTownTech , a soon-to-be-launched joint venture between the NFL’s Green Bay Packers and tech giant Microsoft, has hit the brakes on a startup accelerator the two organizations had previously said they planned to run together.Craig Dickman, whom the Packers named managing director of TitleTownTech earlier this week, says the goal of the joint venture—spurring digital-age economic activity in northeastern Wisconsin and beyond—has not changed since the project was announced last October .) Notably, there are still plans to raise a small venture capital fund backed by the Packers, Microsoft (NASDAQ: MSFT ), and potentially other investors, Dickman says.The most popular accelerator model, which organizations like Y Combinator and Techstars have used for years, involves having groups of entrepreneurs spend several months living and working in the accelerator’s host city.Dickman says that rather than having groups of startups move to Green Bay every few months, project leaders will invite companies to come to TitleTownTech and work with its staff to develop their products and services.
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