Wednesday, June 13, 2012

Springboard launches Europe’s first mobile accelerator bootcamp

Press release

June 6th 2012. Springboard, the London and Cambridge based accelerator programme, has announced the launch of Europe’s first three month mobile accelerator bootcamp. Springboard Mobile will accept the Ten Best mobile founders in any area of mobile services and technology. The programme is founder-centric and will leverage the broad mobile ecosystem of platforms, operators, technologies and devices.Springboard Mobile is entirely funded by ten angel investors, most of whom have built landmark mobile companies. The Springboard Mobile angels include mobile entrepreneurs such as Russell Buckley (Admob – sold for $750 million),  Harry Dewhirst (Amobee – sold for $321 million) and Ben Barakas (co-founder Admeld – sold for $400 million), with support from over a hundred leading mobile, technical, financial and business mentors from around the world.

Springboard Mobile’s terms will remain founder friendly. Teams that participate in Springboard will receive over $150K of free services, seed capital of up to £15K – all for 6 per cent founder equity. However, Springboard has introduced a new option for teams that are already funded or have revenue. These teams can participate in Springboard with all the free services for only 3 per cent founder equity.

Since the completion of Springboard 2011, six of the ten teams have raised an average of £300K investment capital with more to follow. Springboard London is currently in session – with its investor day planned on July 5th in London.

Mobile entrepreneurs have until July 8th [2012] to compete for one of ten places on the programme. Please visit the Springboard Mobile site here.


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