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International entrepreneur incubation program comes to Austin

Wednesday, June 8, 2016 by Kayleigh Hughes

The city’s Economic Development Department has teamed up with self-described “center of gravity for entrepreneurs” Capital Factory to create a new one-year pilot program with the intention of nurturing expanding tech startups and connecting them to international and U.S. markets. The Austin Reciprocal Soft Landing Pads Program targets 20 international cities and seven market sectors, and applications have already started rolling in. The initial fund for the pilot program is limited to $45,000, which the organizations say should help support “six to eight companies for a period of three to six months each with office space, membership and/or deeper advisory services.” If the program is successful, it plans to expand to include more target cities and more slots for entrepreneurs. For more information, visit the websites of the Economic Development Department and Capital Factory.

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