In order to help early-stage businesses developing e-commerce solutions, eBay and Techstars have joined together to form an accelerator programme. According to a news statement from the firms, the relationship combines Techstars’ expertise as a pre-seed investor with eBay’s experience in facilitating international trade.
“We’re excited to collaborate with Techstars to support and empower innovative startups that are leveraging groundbreaking technologies to redefine the e-commerce landscape,” Beatriz Reyero, global vice president of corporate strategy and investments at eBay, said.
Startups who are “shaping the future of e-commerce” with technologies including artificial intelligence (AI), Web3, privacy, security, and infrastructure are the focus of the new Techstars Future of Ecommerce powered by eBay accelerator programme.
Entrepreneurs will have access to investors, thought leaders, and mentors from both Techstars and eBay through this programme.
The programme will be hybrid, making it more accessible to a larger spectrum of entrepreneurs by allowing founders to engage during the 13-week programme both virtually and in person in San Francisco.
“Techstars has supported thousands of entrepreneurs that are using innovative technologies to transform industries,” Techstars Managing Director Collin Wallace said in the release.
The launch of this accelerator program comes on the heels of several other partnerships and innovations announced by eBay.
As part of its drive into the luxury sector, the online retailer started certifying streetwear on 1st June. Streetwear purchased and sold on eBay in the US will be verified for goods costing more than US $ 200 after being examined by the company’s authentication team.
Also Read: eBay deepens luxury push with streetwear authentication
Additionally, on 17th May, eBay purchased authentication company Certilogo to gain access to a technological platform that enables brands and designers to manage the lifetime of apparel and enables customers to confirm the authenticity of their purchases.
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