TechCrunch Partners With SeedCamp Europe

seedcamp.pngWe’re pleased to announce that TechCrunch has partnered to support the launch of SeedCamp in Europe. Inspired by YCombinator and the OpenCoffeeClub, Seedcamp will be a week long event in London, September 3-7, for twenty young entrepreneurs to showcase their early-stage strategies and product concepts.

The mission of Seedcamp is to develop the next generation of entrepreneurs in Europe by providing the money, mentoring and media to help propel forward great ideas. At the end of the week, Seedcamp will invest €50K for a 10% stake in each of final five teams and provide ongoing mentorship and support for three months in preparation for the companies’ formal rounds of financing.

Applications are due August 12th.

TechCrunch and the Financial Times are the exclusive media partners for Seedcamp. We’re supporting Seedcamp because we believe that it will help incubate some great new products from young entrepreneurs in Europe, and we’re enthusiastic to provide exposure to this new initiative and expand our editorial coverage internationally. We have no financial interest in the venture.

The idea for Seedcamp came from Saul Klein in a post earlier this year looking to energize the European startup community. Participating VCs and advisors include Index Ventures, Atomico Investments, Atlas Venture, Balderton Capital, TAG, Forsyth Group and Brown Rudnick.

We’ll also be hosting a TechCrunch Meet-Up one night in London during the week of Seedcamp. More details on that to follow.