Techstars recently announced “Techstars Mobility” a new incubator set to launch in partnership with Ford Motor Company, Magna International and Verizon. According to a post on the Techstars site the reasoning behind the launch i sto support innovation in mobility and transportation. “Mobility and transportation are changing and we want to help the next generation of companies make it happen. Techstars is also committed to operating this program in Detroit, the center of the global mobility and transportation ecosystem.”

The initiative will give 10 selected companies deep connections with Techstars partners, $120,000 in funding and three months engagement with their extensive mentor network.

The program commences June 9, 2015, and wraps up with a Demo Day on September 10th. Each team is expected to present their product to investors, industry leaders, and the community at large. Ted Serbinski, formerly with Detroit Venture Partners, has been named as the Managing Director of Techstars Mobility, driven by Detroit.

For more information and to apply, please visit the application submission page, applications are being accepted through March 15, 2015.

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