H-Farm will provide financing for three months worth of development, in which teams will work in their new Startup Village, and claims it will take a minority share in each company, but doesn’t add specific details. We’re guessing around 15-20%. The first batch will include 5 startups.
So, if you have an idea (you don’t even need a prototype) for a startup you’re good to go. The only accepted projects will be ones that are Internet-focused with a preference for those that tackle Greentech, Healthcare, Local News and Social Gaming sub sectors.
There must be enough material to enable an assessment of the idea: description of the idea, market reference and the competitive scenario, presentation of the founding team, development strategy (at least in the short term) and a proposal for use of funds. You can apply via this form. The deadline is set on the 28th of February.