A worldwide entrepreneur network plans to assist young technology companies at the Roux Institute at Northeastern University in Portland.

Colorado-based entrepreneur network Techstars said Monday that it has partnered with the technology school to create a business accelerator program intended to provide 10 companies a year with funding, mentorship and access to its network of investors and mentors.

“Bringing the engine that is Techstars to the larger Maine community, in partnership with the Roux Institute, will show startups why Portland can be one of the best environments for growing a business,” said Techstars General Manager Nancy Wolff in a news release.

The Roux Institute was started last year with a $100 million gift from David Roux, a Maine native, investor and philanthropist. The graduate school and research center will work with local companies on cutting-edge technology including artificial intelligence, advanced life science and medicine, computer and data sciences. In June, the school leased space in a building under construction on Fore Street in Portland and in October it received a $100 million commitment from the Harold Alfond Foundation.

Applications to the inaugural Techstars class at the institute will be accepted through May 12. The three-month course will run from September through December.

“The Roux Institute has rapidly developed a robust infrastructure to support early-stage businesses,” said Roux Institute Director of Entrepreneurship Chris Wolfel in the release. “Having just launched our residency, the Roux Institute Techstars Accelerator was a natural step. We’re looking forward to attracting some of the best companies around the world to Maine.”


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