California-based Plug and Play will open an office in Frisco, Texas, bringing a series of startup business accelerator programs specific to Frisco’s innovation ecosystem.
Frisco, one of the fastest-growing cities in the U.S. for the past decade, is now home to more than 500 tech firms, including 350 startups. Since 2020, there has been a growing demand for an innovation center in Frisco to provide services to scale startups.
This expansion comes as a strategic partnership with the Frisco Economic Development Corporation (EDC). In October, the Frisco EDC’s Board of Directors approved a performance-based incentive agreement with Plug and Play. In the first year, Plug and Play Frisco will run a Sportstech accelerator program focused on human potential and performance. In future years, Plug and Play Frisco plans to add additional cohorts reflective of the North Texas innovation ecosystem focused on areas such as health, fintech, cybersecurity, and smart city technologies.
“We are so proud to launch Plug and Play Frisco in an effort to build the world’s most impactful Sportstech program. By identifying, investing, and accelerating the most promising startups, we will build a robust ecosystem of local and global stakeholders to engage with us and the rest of the community,” said Saeed Amidi, Founder and CEO of Plug and Play.
“As Sports City USA, Frisco is an epicenter for innovation focused on maximizing human potential and performance,” said Jason Ford, Frisco EDC President. “This collaboration with Plug and Play will attract more investors to Frisco and strengthen our partnerships across many business technology verticals that help support local employers and corporates that continue to innovate in our own backyard.”
For more information on how to get involved with Plug and Play Frisco, please visit: pnptc.com/join.
In August this year, Plug and Play announced their expansion to Cedar Park, Texas, making Frisco their second location in the state and first in North Texas.
Plug and Play is an innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, they are present in 50+ locations across five continents. They offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. They also organize startup acceleration programs and have built an in-house VC to drive innovation across multiple industries where we’ve invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi.