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a16z kicks off third class software for $75 million Speedrun tech and games accelerator

a16z kicks off third class software for $75 million Speedrun tech and games accelerator

SR003 strikes to Los Angeles, offering startups a 12-week intensive mentorship.

Leading endeavor capital fund Andreessen Horowitz (a16z) has announced a third demand entries in the $75 million Speedrun accelerator, according to a recent post from Andrew Chen, Well-liked Companion at a16z Games.

BIG NEWS:
i’m investing $30M in the next forty five days by the a16z SPEEDRUN program 😎

Sure, $750k per startup that joins the SPEEDRUN program plus obv it would possibly be a colossal manner to work together on something. So come work with me at a16z’s SPEEDRUN program — we will make investments, work with you,…

— andrew chen (@andrewchen) April 1, 2024

Aimed at selecting and promoting promising startup initiatives, Speedrun presents a entire equipment of monetary pork up, mentorship, exposure, and alternatives for early-stage startups in the gaming and technology dwelling. The program operates in shut synergy with a16z’s Recreation Fund One. Launched almost two years ago, this $600 million fund invests in diverse gaming-linked applied sciences admire man made intelligence, virtual actuality, and augmented actuality.

The third iteration, identified as SR003, will occur in Los Angeles, departing from its old San Francisco Bay Location notify. It’s dwelling to originate a 12-week coaching program for early-stage companies, culminating in a showcase match all over SF Tech Week, as shared by Chen.

Chen added that the 12-week intensive program is extremely selective, accepting approximately 1% of candidates, and makes a speciality of startups at the intersection of games and technology. Areas of curiosity consist of man made intelligence, 3D model instruments, virtual actuality, augmented actuality, web3 gaming, and gamified user applications.

Every licensed startup would possibly perchance also neutral receive as a lot as $750,000 in investment, alongside with earn entry to to change coaches and mentorship from notable figures in the gaming and technology sectors. Additionally, people can beget the profit of networking alternatives inner a community of admire-minded founders.

A16z neutral no longer too lengthy ago concluded the latest Speedrun class (SR002) with a successful Demo Day all over GDC. The match attracted over 370 merchants, representing a collective $500 billion in assets below administration (AUM).

Constructing upon the success of old cohorts, SR003 is anticipated to domesticate any other generation of innovative startups inner the gaming and technology sectors. The closing date to prepare for SR003 is Can also 19, 2024. The program will birth on July 29, 2024.

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