SparkLabs Group, the network of accelerators and venture funds that has now worked with more than 200 startups around the world, wants to foster the next generation of entrepreneurs with a new program for universities. Called SparkLabs Frontier, the program’s first accelerator will launch at Arizona State University this summer.
SparkLabs Frontier-ASU is open to participants from the university’s programs, including the Ira A. Fulton Schools of Engineering, W.P. Carey School of Business and the Thunderbird School of Global Management, as well as alumni. It will begin taking applications on May 13, with the accelerator program starting in July 2019.
Unlike SparkLabs’ other accelerators, SparkLabs Frontier-ASU will have a three to four-month-long pre-accelerator component with training (provided in partnership with the Global Scaling Academy) to help students and other potential applicants develop startup ideas and connect with possible co-founders This is intended to ready them to apply for the main accelerator program, which will accept six to eight startups at a time. SparkLabs Frontier-ASU also entails the creation of a 30 percent stock option versus the standard 10 to 20 percent for seed-stage startups.
Source: Tech Crunch