Techstars Kansas City has announced their most recent cohort, Class 137. Included was Saskatchewan founded and current Co.Labs company, Townfolio.
What is Techstars?
What investments does Techstars make in its Accelerator portfolio companies?
Techstars provides Accelerator portfolio companies with access to financial, human and intellectual capital to fuel the success of their business
Upon acceptance to a Techstars Accelerator, every company is offered a $100,000 USD investment
When you join a Techstars Accelerator, you also receive:
Acceleration in a 90-day Techstars mentor-based Accelerator program
Lifetime access to the Techstars worldwide network of entrepreneurs including more than 10,000 mentors; 2,700 investors; 1,200 alumni companies and 180 staff members
Access to over $300k of cash equivalent hosting, accounting and, legal support – plus other credits and perks worth more than $1M
What is Townfolio?
"We see that younger generations are leaving small and medium towns and not returning after further education. We see that the older generations are starting to retire and don’t have successors for their businesses. We see that economic developers are tasked with providing a solution for both of those realities, often by themselves. There are so many opportunities in communities outside of major city centres that are being missed because there’s a disconnect between community and outside investment." - Ryley Iverson, CEO, Townfolio
Coming from small towns themselves, Ryley Iverson and Davie Lee know the importance of investment attraction for a community’s survival. As entrepreneurs in tech, they also see the role data plays in investment attraction and that it’s at a point of “hop on or be left behind” for small and medium sized municipalities. This platform can help communities across the globe, and not only that but keep other entrepreneurs, businesses, investors, and other outside interest flush with high probability opportunities instead of competing elbow to elbow with other companies in major city centres. Townfolio is saving small towns, one profile at a time.
Why does this matter?
As Saskatchewan's ecosystem continues to grow, it is imperative that high-growth startups in Co.Labs get exposure to international ecosystems. Townfolio's acceptance into the prestigious Techstars program means that they'll be able to bring back their knowledge and lessons learned to the local community, further enriching it for the current generation. Hard work pays off!
Keep following our social pages for updates on Townfolio's progress in the program! :)