Capital Factory, Austin’s most well-known startup accelerator, is expanding some of its programming to Dallas. And it has plans to help create a broader Texas startup scene that connects talent across the state.
“Capital Factory isn’t duplicating our program or franchising it — we are running one program and treating all entrepreneurs and mentors the same no matter where they are based,” Joshua Baer wrote in his “Texas Startup Manifesto” posted to Medium on Monday evening. “This is one way that Dallas, Houston and San Antonio can benefit from some of the extra attention that Austin sometime receives. Austin stands to benefit a lot from Dallas, Houston and San Antonio as well.”
As part of the expansion, Capital Factory is setting up a single mentoring program built on top of the 1776 UNION platform Capital Factory began using last fall. On the network, each startup and mentor has a profile. That helps them connect with the most relevant people, companies and events across the startup mentoring organizations.
That system now has 150-plus mentors, and Baer said the number will double by the end of 2018 as Capital Factory invites new mentors from across Texas.
Capital Factory will start its programing in Dallas with a session familiar to many in the Austin startup scene — a “How to Meet Investors in Texas and Ask Me Anything” session at the Dallas Entrepreneur Center. Then it will add similar sessions in Houston and San Antonio.
“Austin and Dallas are consistently ranked as two of the top up-and-coming startup hubs,” Steve Case, co-founder of AOL, chairman and CEO of investment firm Revolution, and a promoter of startup hubs outside of Silicon Valley, said in a news release. “I’m excited to see the synergies that Capital Factory and The DEC can create to support the broader Texas tech community.”