The Citrix Startup Accelerator invests in enterprise startups creating the next generation of cloud infrastructure services, mobile enterprise solutions, and collaboration technologies. The Citrix Startup Accelerator is part of Citrix Labs, an applied research group charged with helping Citrix adapt to new technology trends. Startups within the accelerator receive $250,000 convertible note investment and offices in Silicon Valley. Since its inception in December 2010, Citrix's accelerator has invested in 16 early stage startups and has had three exits.