Techstars, Air Force Reveal First Boston Accelerator Investments
Summary
Techstars today announced the companies participating in the inaugural session of its new autonomous technology startup accelerator program in Boston, and, as advertised, there are a lot of drones involved. Techstars opened its flagship program in Boulder, CO, in 2006, and has since formed accelerator outfits around the globe, some focused on specific industries and technologies, and others run in partnership with other companies and organizations. The main goal with the new Boston accelerator is to help companies deliver products and services that generate demand from private-sector customers, but are also of interest to the U.S. Department of Defense, Katz says. The Air Force isn’t making equity investments in the companies participating in the Boston program, but it’s providing an undisclosed amount of funding to cover the accelerator’s operational expenses. —Blind Tiger Communications, Atlanta: The company is developing wireless security and analytics software to help customers defend against cyber attacks deployed by mobile phones or drones located nearby.
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