Word on the street is that Battery Ventures, The Valley Fund and Austin Ventures are teaming up to create an accelerator dedicated to backing startups that are building so-called open hardware. I heard the accelerator would have $3 million available, according to Cole Crawford, the current COO of the Open Compute Project. Cole is reportedly going to take on an advisory role with the new program hosted at Austin Ventures.
To read the original article: Austin Ventures and Battery Ventures are backing an open hardware accelerator — Tech News and Analysis
