Stanley Black & Decker, a global provider of tools and equipment, has partnered with Techstars, a pre-seed investor for entrepreneurs. It helps provide startups access to capital, programming, and connections. The duo has launched Techstars Founder Catalyst, sponsored by Stanley Black & Decker.
The 10-week pre-accelerator program for early-stage startups will address the specific needs of diverse and underrepresented founders in the Mid-Atlantic region. The program will provide 20 participants with entrepreneurial education on a variety of concepts critical for startup success. Founders will gain access to mentors from both Techstars and Stanley Black & Decker’s network while working in a collaborative community environment.
This program will run from October through December 2023, culminating in a final showcase where founders will present their businesses and highlight the development they have experienced during the program.
“Driving both innovation impact and community impact are long-standing goals for us,” said Marty Guay, VP of Business Development for Stanley Black & Decker. “Partnering with Techstars to launch this Founder Catalyst program is an important step toward championing those goals while fostering diverse talent in the startup ecosystem.”
Diverse and underrepresented founders face striking challenges in accessing resources and help for their businesses. Initiatives like the Techstars Founder Catalyst program sponsored by Stanley Black & Decker provide the opportunity for those founders to be intentionally supported by a community of stakeholders that are invested in their success.
“Techstars Founder Catalyst programs have seen great success, having led to nearly 1,400 mentor connections, numerous product launches, and more than $31.5 million raised by Founder Catalyst graduates,” said Oko Davaasuren, senior director for Techstars. “Stanley Black & Decker will only expand our reach and support a more diverse and inclusive ecosystem.”
The program will be delivered in a primarily virtual, part-time format, and diverse or underrepresented founders from all industries and backgrounds in the Mid-Atlantic are encouraged to apply.