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blueseed

Blueseed, a technology incubator planned for global entrepreneurs aboard a cruise ship anchored off Silicon Valley's coast, needs some green.

The project's founders unveiled plans for Blueseed in August 2011 as a way for foreign tech entrepreneurs to avoid U.S. work-visa restrictions while still having easy access to Silicon Valley talent and venture capital.

But Blueseed is now facing its own fundraising issues. It still needs to snag $130,000 to complete a $500,000 planning-stage funding round by the end of August, according to Blueseed co-founder Dario Mutabdzija.