Written by David Holley

Two new startup programs have launched in Austin in the last week: One is a Boston-based program that doesnt take an equity stake in the startups it helps accelerate, while the second is a new branch of Techstars thats focused on social and environmental businesses.

Austin is the newest city in a growing list in which MassChallenge, a nonprofit founded in 2009, will operate an accelerator program. Besides Boston, the group also operates in the UK, Israel, Switzerland, and Mexico. The new Austin program expects to receive more than 1,000 applications for the accelerator, which will start in 2018, and will select 100 startups from that group, says managing director Mike Millard.

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