Techstars and Audi Denkwerkstatt Founder Innovation Lab

Techstars and Audi Denkwerkstatt, the innovation unit of Audi, have partnered together to bring a new offering for ambitious founders in support of building a customer-centric digital ecosystem centered around the car: The Founder Innovation Lab. Consisting of two programs, the pre-accelerator and the accelerator, the Founder Innovation Lab will provide profound venture building expertise, as well as opportunities to connect with a powerful partner network of mentors, founders and investors. The goal of the program is to support and nurture founders as well as startups while getting digital, mobility-related business models ready for the market more quickly in a highly competitive environment. Founders will have the opportunity to address the charging experience for electric cars, holistic mobility concepts, connecting users with each other as well as digital services both inside and outside the vehicle.

€2000 per month for three months for the pre-accelerator phase. $120K investment ($20K for 6% equity and an optional $100K convertible note) for the accelerator phase.