Home > DCU Ryan Academy for Entrepreneurship, Propeller Venture Accelerator > Ryan Academy Propeller Joins TechStars Network To Accelerate Startup Businesses and Enhance Entrepreneurship

Ryan Academy Propeller Joins TechStars Network To Accelerate Startup Businesses and Enhance Entrepreneurship

January 31, 2011 – The DCU Ryan Academy Propeller Accelerator is today announcing that it is now a member of the TechStars Network, a newly launched White House sponsored alliance of independently owned and operated startup accelerator programs from dozens of cities across the United States and around the world.

The TechStars Network is comprised of other startup accelerator programs similar to the Propeller Accelerator that provide seed funding and mentorship to innovative entrepreneurs. The DCU Ryan Academy’s Propeller Accelerator will collaborate with these organizations and learn best practices from the mentorship-driven model pioneered by TechStars, the leading startup accelerator program in the United States. As a member of the TechStars Network, the Propeller Accelerator will have access to a rich set of strategic resources including professional development and ongoing support to effectively lead and mentor innovative entrepreneurs in Dublin.

The TechStars Network is part of the Startup America initiative, launched today by President Obama. In partnership with the White House, the goal of the TechStars Network is to become an engine for job growth by ensuring that over the next four years, 5,000 experienced business leaders and investors will mentor and support 6,000 promising young entrepreneurs. The aim is to increase the success rate and sustainability of each program, and to ultimately create 25,000 new economy jobs by 2015.

“We are pleased to have the DCU Ryan Academy Propeller Accelerator join the TechStars Network,” said David Cohen, Founder and CEO of TechStars. “The TechStars Network signals and formalizes our support for credible mentorship-driven programs like Propeller. We believe the proliferation of the mentorship-driven accelerator model is healthy for entrepreneurs. Through this network of independent organizations, we can help increase their impact dramatically and make entrepreneurial communities the real winners.”

“At the Ryan Academy Propeller Accelerator, we believe collaboration across boundaries builds stronger communities. The TechStars Network will be the catalyst for a nationwide startup ecosystem, something our country desperately needs. With TechStars Network’s rich set of strategic resources, we will build stronger companies faster that are better able to compete globally,” said Gordon McConnell, Deputy CEO of the Ryan Academy and Director of the Propeller Accelerator.

The Ryan Academy Propeller Accelerator  joins a select group of invitation-only TechStars Network member organizations in major cities across the United States and around the world. Today the network is open to all entrepreneurial thought leaders and organizations interested in building or enhancing mentorship-driven startup accelerator programs.

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