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When we started TechStars in 2006, one of our premises was to help build a strong startup community in Boulder. Our experience with TechStars – starting in Boulder, but expanding to Boston, Seattle, and New York – helped us understand not just TechStars’ role and impact on a startup community, but what drives startup communities over the long term. We’ve seen this dramatically accelerator around the world through the Global Accelerator Network and when I wrote Startup Communities: Building a Startup Ecosystem in Your City, much of what I used as the basis for the Boulder Thesis came from my experiences here.
Several years ago David Cohen, Jason Mendelson, and I started talking about the idea that the same principles of an accelerator model could apply to specific vertical markets or companies. TechStars Cloud, which is about to start it’s second program, was our first experiment with this. The first year was a great success, we learned a lot from it, and applied much of our learning to our first “powered by TechStars” accelerator that we did with Microsoft.
Today, Nike announced their first Nike+ Accelerator program, powered by TechStars. Ten companies will participate in a three-month, mentorship-driven program. The technology focus will be about leveraging the success of the Nike+ FuelBand, Nike+ Running and NikeFuel to support digital innovation. Based in Portland, the program is just a short drive away from Nike World Headquarters. will begin in March of 2013 and conclude in June with two investor demo days; one in Portland and one in Silicon Valley.
I’m an avid marathoner and completely obsessed with the idea of instrumenting myself to track extensive data about my health and fitness. I also believe that the best way to accelerate core technologies like what Nike has worked on is to build significant startup communities around their core products and technologies. That’s what the goal of the Nike+ Accelerator program is.
I’m excited to join the likes of Nike’s Vice President of Digital Sport, Stefan Olander, Naveen Selvadurai, co-founder of Foursquare, and Tim Ferriss, author of The 4-Hour Body and all around awesome entrepreneur, as a mentor in the program.
With over 15 successful programs under our belt and over 200 companies having gone through a TechStars program, TechStars is powering the accelerator for Nike and we’re already looking forward to the outcome of combining our own firsthand knowledge in the setting of an impressive organization. To apply, go to www.nikeaccelerator.com for details and applications. The application deadline is February 3rd, 2013. Accepted companies will be notified in late February.
If you are a startup around digital health, human instrumentation, and the quantified-self, apply now to be part of the program. I look forward to meeting you!