Looking for a way to fund that great new tech idea?
TechStars.org – a group of Colorado angel investors including venture capitalist Brad Feld and greeting card mogul-turned politician Jared Polis – is offering up to $15,000 in startup funding ($5,000 per founder, maximum of three founders) to 10 promising first-time entrepreneurial ventures.
Besides the money, selected companies will get free office space in Boulder for the summer while participating in a series of mentoring events with CEOs and experienced entrepreneurs. They’ll receive coaching and advice from a large group of industry veterans, as well as access to a free server, hosting, legal services, and more. The program, which runs from May 21 through Aug. 7, is intended to help participants produce a working prototype of their product or service that’s ready to take to the next level.
The catch? You’ll need to give up a 5% non-voting stake in your new venture.
The application deadline is March 31, 2007.