Techstars Launches Program In Australia

Boulder, Colorado-based startup accelerator operator Techstars announced this morning that it has opened up its first program int he Asia-Pacific region, with a new accelerator in Australia called Techstars Adelaide. The new program has begun accepting applications for the first ten startups in its program, which will run beginning in Jul of this year. Adelaide is the state capital of South Australia. According to Techstars, the new accelerator is looking for early stage startups in the areas of Internet of things (IoT), big data, sensors and robotics, with potential to develop and commercialize technologies related to the defense and security sectors. The accelerator is being backed by a number of companies in the defense and aerospace area: BAE, Thales, Austal, SAAB, ASC, Rheinmetall and DCNS.