Startup incubator TechStars has raised $8 million in new funding for its programs in Boston, Boulder, New York, and Seattle. The new funding comes from more than fifty venture funds and over 25 individual angel investors. This brings the incubator's total funding to nearly $11.5 million. TechStars, which launched in 2007, is a ?startup boot camp? for tech entrepreneurs in which selected startup receive up to $18,000 in seed funding (or $6,000 per founder up to three founders in exchange for 5 percent of the company), three months of mentorship from successful entrepreneurs and investors, and the opportunity to pitch to angel investors and venture capitalists at the end of the program. 
Source: http://feedproxy.google.com/~r/Techcrunch/~3/AGt6V-TStkw/
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