Europe's first £1m startup accelerator is currently taking applications. Ten companies will come together in the North East with £100,000 each and support from mentors to push forward their startup ideas.
The programme, run by Ignite100, has a short application period of just three weeks and closes on July17th. The accelerator will start in Newcastle in September. There are four parts to the programme:
Shape: Through a series of mentor events with entrepreneurs, angel investors, venture capitalists and significant businesses each start-up is challenged to help the founders answer: are the underlying assumptions correct? Is the business proposition the best it can be or should it be re-shaped?
Build: Each start-up develops their product, their business model and their customer proposition. Concepts and prototypes are tested in sessions with potential customers under the guidance of the teams' mentors.
To read the full, original article click on this link: Europe's first £1m startup accelerator launches in Newcastle - UK Technology Startups
