Thursday, 20 June 2013

HOW TO GET $1 MIL LOAN FOR A GOOD BUSINESS IDEA





In less than two weeks, the application round for Startupbootcamp MobilityXL in Copenhagen will be closing on the 30th of June. The 10 startups chosen to participate will be part of Europe’s largest mentor driven accelerator program during the 3-month program running from September to December. The Startupbootcamp Copenhagen team, who has a background in Nokia and several years of entrepreneurship experience, will work alongside more than 100 mentors to support and accelerate the 10 startups, who will all be focusing on mobile devices and related technologies & solutions.

To support the startups even further, Startupbootcamp MobilityXL has together with their capital partner, Accelerace, secured the possibility for up to $1 mio loan and participate in a full year of acceleration in Copenhagen after the 3-months program. This special deal has never been seen before in a Startupbootcamp program, or at any other accelerator. This will also be in addition to the standard €15.000 euro each teams is provided at the beginning of the program, for 8 % equity in the company.

Head of Startupbootcamp MobilityXL, Lars Buch, sees Accelerace as the perfect match:

“Startupbootcamp, the worlds best talent scouts, bring the best of the best to one physical location, get the team consolidated, give access to seed funding and get a real product ready to sell in record-breaking time, combined with Accelerace, who work with teams with real revenue, a plan for international expansion and with a disruptive business model in the form of a loan instead of the traditional cash for equity model. A perfect fit for a strategic growth partnership,” says Lars Buch.

For more information please contact community manager, Anna Wilkins, at aw@startupbootcamp.org or Lars Buch, at lb@startupbootcamp.org


Below you will also find further information about the MobilityXL program and the $1 mio loan:

http://www.startupbootcamp.org/programs/mobilityxl.html

http://www.startupbootcamp.org/blog/we-build-real-companies-with-real-revenue.html