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Introduction of U.S. seed accelerator 500 Startups
Kind: ICD What's New  Organization: Department of International Cooperation  Publish Date: 2020-01-06 17:51
Introduction of U.S. seed accelerator 500 Startups

Founded in 2010, 500 Startups is an early-stage venture fund and seed accelerator headquartered in Mountain View in Silicon Valley. It has over 100 team members located in 20 countries around the world.

500 Startups admitted a first "class" of 12 startup firms to its incubator office in Mountain View in February 2011, and expanded to a second class of 21 in June and a third class of 34 in October of the same year.

As one of the most active, early-stage investors in the world, 500 Startups has a unique perspective on the innovation economy. Since 2010, it has invested in over 2,200 startups. Notable portfolio companies include Twilo; Gitlab, which was acquired by Microsoft; Wildfire, acquired by Google; Grab; and Canva.

500 Startups has set up four global funds and 15 thematic funds. It supports startups via its seed accelerator programs, which emphasize digital marketing, customer acquisition, lean startup practices, and fundraising for pre-seed companies.

It further contributes to the development of innovation ecosystems by supporting startups and investors through educational programs, events, conferences, and partnerships with corporations and governments around the world.

Sources: 500 Startups website, Wikipedia

Update: 2019-06-17
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