Springboard is a new startup incubator that will launch in the UK with a full time 13 week bootcamp programme for up to ten teams. But the programme does not just apply to the UK. Any company worldwide can apply to join (last year they had teams from the US, Canada, and Russia), but proximity to the UK and Europe probably helps. It will run from April to July next year.
Each team gets a super low £15,000 of investment capital, reflecting the very product-oriented nature of this scheme. For that they take 6% in ordinary founder shares. Office space etc is free. Springboard combines investment capital with mentoring and coaching from mentors and Venture Capitalists. The programme will end with the teams presenting their proposition to venture capitalists and angel investors at an Investor Day. Applications are now open for their Spring 2011 intake. The deadline for entries is 13 February 2011.