24 Haziran 2017 Cumartesi Breaking News                       Latest US News            New York

Online educational source for student: Managers and Understudy's First Decision to Authenticity!
If you goWhat: Techstars Demo DaysWhen: Wednesday, April 19, 6:30-9:30 p.m.Where: Boulder Theater (2032 14th St.)Cost: FreeRegister: http://bit.ly/2oKaAgNTechstars Boulder will graduate its first nonprofit tomorrow at the accelerator's demo days event, an...

Boulder's Techstars ventures into nonprofit arena

If you goWhat: Techstars Demo DaysWhen: Wednesday, April 19, 6:30-9:30 p.m.Where: Boulder Theater (2032 14th St.)Cost: FreeRegister: http://bit.ly/2oKaAgNTechstars Boulder will graduate its first nonprofit tomorrow at the accelerator's demo days event, an...

Boulder's Techstars ventures into nonprofit arena

If you go

What: Techstars Demo Days

When: Wednesday, April 19, 6:30-9:30 p.m.

Where: Boulder Theater (2032 14th St.)

Cost: Free

Register: http://bit.ly/2oKaAgN

Techstars Boulder will graduate its first nonprofit tomorrow at the accelerator's demo days event, an organization dedicated to helping budding international entrepreneurs enter and operate in the U.S.

Global Entrepreneur-In-Residence (EIR), founded in 2014 at the University of Massachusetts, helps foreign startup founders navigate the labyrinthine U.S. visa process, utilizing a legal exemption granted to colleges and universities. Educational institutions (along with some nonprofits) are not subject to the cap on H1B visa workers, making it easier to obtain the work permits.

Through EIR, universities hire immigrant startup founders to mentor students in university-based entrepreneurship programs, fulfilling the employer requirement for H1B visa programs and allowing the founders to run their companies from within the U.S.

Under current law, H1B visas are tied to jobs. None exist for entrepreneurs. GEIR is designed to bring foreign entrepreneurs into the U.S. by allowing them to work for universities as mentors to university business students.

"There are 94 visa categories that make up the visa system, and none tell the story of being a founder," said Craig Montuori, EIR's executive director. "If you want to become an entrepreneur, you also have to become something else: a worker."

To date, 35 entrepreneurs have gone through the program and started their own companies, creating 58 new jobs and raising $8.5 million in capital in the process, Montuori said.

The nonprofit's focus on fostering entrepreneurism made it a perfect fit for Techstars, said Natty Zola, managing director for the Boulder Techstars program.

Techstars had no formal plans to admit more nonprofits, Zola said, but "we think the model can work."

EIR has a royal pedigree: Techstars own Brad Feld is one of the co-founders and advisers. But even with that depth of leadership, there was plenty to learn.

"They still needed help with how to scale, how to grow the team, how to expand the program and raise money," Zola said. "In that, they were like any other startup."

EIR has partnered with 13 schools so far; the University of Colorado was the first expansion after UMass. The team hopes to be in 15 to 20 more schools by the end of the year.

Unlike most of their Techstars peers, EIR won't be hoping to leave demo day with an investment. But they do hope some money flows their way.

"We've got a mission," Montuori said. "We're looking for people to make a pledge that this mission is an important one."

Shay Castle: 303-473-1626, castles@dailycamera.com or twitter.com/shayshinecastle

Our editors found this article on this site using Google and regenerated it for our readers.

Breaking News Headlines

Quick loans during emergency situations – How can they offer help?
Quick loans during emergency situations – How can they offer help?
Try not to have time to read newspaper or watch news? Stay updated with monacart.com
Try not to have time to read newspaper or watch news? Stay updated with monacart.com
What is Google News?
What is Google News?
Jay Cutler, Kristin Cavallari set to move to Nashville Tuesday
Jay Cutler, Kristin Cavallari set to move to Nashville Tuesday
Asia tracks French election rally; weak yen lifts Tokyo
Asia tracks French election rally; weak yen lifts Tokyo
Perfect nails are just a latex brush away
Perfect nails are just a latex brush away
Bringing down Bill O'Reilly: The final days of a Fox News superstar
Bringing down Bill O'Reilly: The final days of a Fox News superstar
Magdalena Abakanowicz, Polish artist behind headless sculptures in Grant Park, dies at age 86
Magdalena Abakanowicz, Polish artist behind headless sculptures in Grant Park, dies at age 86
Save Telefilm Canada, filmmakers urge Trudeau | Toronto Star
Save Telefilm Canada, filmmakers urge Trudeau  | Toronto Star
Exchange Bank first-quarter earnings up 27 percent from 2016
Exchange Bank first-quarter earnings up 27 percent from 2016
Charge me up: Rural electric drivers face 'range anxiety'
Charge me up: Rural electric drivers face 'range anxiety'
These breakup texts are pathetic
These breakup texts are pathetic
Pages
NEWS ARCHIVES