TechCrunch reports that San Antonio-based Rackspace has teamed up with Boulder-based TechStars to bring its innovative startup program to San Antonio.

The program is called the TechStars Cloud. It’s a “themetically focused accelerator that will fund companies working exclusively on cloud computing, cloud infrastructure, and Openstack.”

The program’s mentors include Pat Condon, one of Rackspace’s founders, Jeff Lawson, founder and CEO of Twilio, Brad Feld of Foundry Group, George Karidis of SoftLayer, Rajat Bhargava, founder and CEO of StillSecure and others.

The program runs from January to April next year at Rackspace Hosting’s offices at the Weston Centre on the Riverwalk.

TechStars plans to select 10 companies which will receive seed funding, mentors and other perks. Jason Seats, the founder of Slicehost, which Rackspace acquired in 2008, and Nicole Glaros, managing director of TechStars, will head up the program.

Startups focused on building cloud-based infrastructure must apply to program by Oct. 21st.

A reality show based on TechStars debuts tonight on Bloomberg TV. Here’s a clip of the show, which provides an inside look at the TechStars startup process and some of its high-profile mentors.

TechStars Trailer from Vortex Media on Vimeo.