TechStars Chicago, formerly Excelerate Labs, revealed today the list of 10 startups that will comprise its summer 2013 class and a Canadian startup made the grade.
According to their press release today, this summer's intake had over 900 applicants from 6 continents making it the most competitive class the program has seen.
TechStars Chicago portfolio companies enter into an intensive three-month summer program, followed by Demo Day, an annual August event that allows companies to showcase their products by pitching to more than 500 investors from across the country.
Vancouver startup Pathful – a web analytics platform that captures every visitor interaction with every element on a site automatically – was the lone Canadian startup to be selected. Techvibes covered Pathful for the first time just just last week.
At part of the program, Pathful receives $18K in seed funding and also has the option of a $100K convertible debt note.
But more importantly they will have the opportunity to work with over 150 mentors that include Match.com CEO Sam Yagan, GrubHub cofounder Mike Evans, and Foundry Group cofounder Brad Feld. Last years class had over 600 one-on-one meetings with the mentors in the month of June alone.
“This year’s application process was our most competitive yet, which is a testament to the program’s solid foundation,” said Troy Henikoff, managing director of TechStars Chicago. “Mentorship is at the heart of what we do, and I’m personally looking forward to working with each of these companies and watching them grow over the course of the next several months.”
TechStars Chicago Demo Day will take place at the House of Blues on August 28th.