German Silicon Valley Accelerator becomes German Accelerator and expands to New York City
German Silicon Valley Accelerator rebranded to German Accelerator – a logical step in light of its expansion to New York City in July 2014.
The German Accelerator initially launched end of 2011 with the support of the Federal Ministry of Economic Affairs & Energy (BMWi). It is a growth acceleration program that supports German startups from ICT related sectors to enter the U.S. market. German Accelerator provides startups with hands-on mentoring and assists them in their pursuit of becoming category leaders with lasting competitiveness and success in the global marketplace.
Since its foundation, German Accelerator has established a remarkable network of dedicated mentors, experienced investors, and other professionals and experts. Out of approximately 250 applications, to date, over 40 companies have already been accepted into the program. With opening an East Coast location in New York City, German Accelerator will further strengthen its position and role in supporting German startups in the U.S. It also serves as a permanent facilitator for transatlantic startups, provides inspiration and drives demand, innovation, research, and development in Germany.
„New York is without question one of the top startup locations in the world“ says Dirk Kanngiesser, CEO of German Accelerator Inc. „Its startup ecosystem is rapidly growing and has been birthplace of many startup success stories.“ Shutterstock, Tumblr, AppNexus, Gilt Groupe, Huffington Post, Buzzfeed, Warby Parker, and Kickstarter are only a few of them. Further, venture and angel funding is on the rise, large Internet companies like Google and Facebook have established significant presences, and industries, such as financial services, publishing, advertising, and entertainment are traditionally centered in New York City.
Oliver Hanisch, COO of German Accelerator: „With operations in Silicon Valley, San Francisco and now New York, German Accelerator will be perfectly positioned to provide the top German tech startups with access to potential customers, partners, and investors on both coasts of the U.S.“
James Kollegger, responsible for the German Accelerator in New York, adds: „We are very excited that the German Accelerator is coming to New York. We are currently assembling a group of top mentors who will support New York participants in successfully achieving their milestones and accelerating their growth in the U.S. market.“
Participation in the German Accelerator program is free of charge for all selected companies.
For more information and to submit an application visit http://germanaccelerator.com.