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Rackspace, TechStars Boot Up Accelerator In San Antonio

San Antonio-based Rackspace, the provider of hosting and cloud computing services, along with venture accelerator TechStars, said today they are launching the first theme-based, cloud computing focused accelerator in TechStars in San Antonio. TechStars is a well known, venture accelerator program which started in Boulder, but now has arms in Boston, New York, and Seattle. According to the two, they will run a cloud-based acceleration program which will provide free office space at the Weston Center. Applications for thefirst class of the cloud-based accelerator are open until November 2nd, and the actual accelerator program will take part from January to April 2012. The two said the effort is aimed at bringing innovation, jobs, and startups to Central Texas.