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Cambridge Mobile App Group Message Board › New Springboard targets mobile technology

New Springboard targets mobile technology

Jakub C.
j.cz
Cambridge, GB
Post #: 17
source: http://www.businesswe...­

Europe’s first three-month accelerator bootcamp targeting the mobile industry and technologies has been launched by Springboard, the London and Cambridge UK-based accelerator programme.
Organiser Jon Bradford says Springboard Mobile is founder-centric and neutral of any platform, operator, technology or device. It will run in London from September 10 to November 30.

Drawing support from across the mobile industry, Bradford says Springboard Mobile will deliver the resources founders require to do what is best for the entrepreneurs.

Springboard Mobile is entirely funded by a collective of 10 angel investors who have had direct experience in the mobile technology, and includes entrepreneurs such as Russell Buckley (Admob – sold for $750 million), Harry Dewhirst (Amobee - sold for $321m) and Ben Barakas (co-founder Admeld - sold for $400m) and supported by what Bradford calls “over a hundred kick-ass mentors from around the world.”

Bradford said Springboard Mobile’s terms would remain “extremely founder friendly.” Teams can participate in Springboard with over $150k of free services, seed capital of up to £15k all for six per cent founder equity.

However, Springboard has introduced a new option for teams that are already funded or have revenue – they can participate in Springboard with all the free services for only three per cent founder equity.

Since the completion of Springboard 2011, six of the 10 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 5.

• Mobile entrepreneurs have until July 8, 2012 to compete for one of 10 places on the programme. To apply for a place on Springboard Mobile visit www.springboard.com
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