Citrix Startup Accelerator, launched in 2011, reportedly will be eliminated as part of a company-wide cost-cutting initiative.
Networking and virtualisation software provider Citrix plans to wind down its Startup Accelerator initiative, Triangle Business Journal has reported.
Founded in 2010, the Citrix Startup Accelerator supplies $250,000 in seed funding, a Silicon Valley workspace and support for a period between 12 and 18 months. It targets startups and entrepreneurs in the mobile, cloud and collaboration technology sectors.
However, Citrix has decided to wind down the scheme as part of a drive to achieve savings by cutting non-core activities, which…
