Startup accelerator Techstars has announced it is now accepting applications for its next London program.
Starting from today, tech startups will have until 20th March to apply for the program, which will take place on 20th Jun and run until September.
If accepted, a statement said companies would be offered a $100,000 convertible note automatically.
Additionally and in exchange for 6% of common stock, successful applicants will receive $20,000 to cover living expenses throughout the duration of the program and life-time access to Techstars resources.
Alongside this, the successful applicants — which would ideally serve a national and international market — will also receive mentoring.
According to Techstars, its graduates go on to secure more than $2m in external capital following the completion of the program.