The Target accelerator program's fourth year will be held in partnership with Germany-based Metro AG. Partnering with Metro is expected to enable Target to better reach startups from around the world. All 10 selected startups will spend time at Target's headquarters in Minneapolis and Metro's Accelerator headquarters in Berlin.
Each startup receives up to a $120,000 initial investment and intensive mentorship from Target and Metro business leaders. During the first three years of Target + Techstars programming, the retailer has run tests or pilots with more than half of the 30 participating startups, and is still actively working with more than a dozen companies. The accelerator will conclude with a Demo Day in August in Minneapolis, when the companies will pitch their businesses to Target, Metro, and Techstars leadership, as well as the local startup community and potential investors.
Related:Target to Pilot Startups' Products, Services; Target Expands Restock Grocery Ordering Service.
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