The application window is open today through April 9th for the 2017 class of Techstars Retail Accelerator in partnership with Target.
Managing Director Ryan Broshar says this year will be run similar to last, with interests ranging from enterprise software, IoT, and supply chain, to the consumer Internet.
Selected teams will receive $120k of investment, executive mentorship, and 3 months of space inside Target’s headquarters in exchange for a 6% stake. Team + Product + Traction were the big three criteria sought after last year.
“We’ve gained some perspective and a better understanding of things,” he says. “One thing we’re doing different is beefing up the mentor roster from the retail sector.”
While none of last years startups were originally local, two have notably stayed in Minneapolis: Inspectorio, which most recently closed on $3.7m of funding, and Branch Messenger.
Broshar noted that last years class has gone on to raised a combined $15m since.
“For 2017, we expect to once again find the top Retail Tech startups from around the world and welcome them to Minneapolis.”