Okuri Ventures

Startupbootcamp launches in Madrid. Next up: London and Berlin.

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Is it just me, or is everyone and their mother talking about startup accelerators these days? I seriously feel like we’re in some kind of Paul Graham era. Y Combinator-made startups like Dropbox, Xobni, Loopt, AirBnB, WePay, etc. have gotten all kinds of attention and similar programs seem to be popping up all over the place, even in London.

When I asked Graham, he didn’t seem necessarily sure if the Y Combinator model would work outside of Silicon Valley, where there is a high density of active business angels and investors. Then again, progams like Seedcamp and TechStars – which behind the likes of Foodzie and Graphic.ly – may’ve proved that the model can work elsewhere; the program now operates in Bouler, New York, Boston and Seattle – and made took its first international step last year with Startupbootcamp.

Startupbootcamp, the first global affiliate of TechStars, launched last year and held the first edition of its 3-month program in the fall. From August-November, the 32 selected entrepreneurs representing 12 different countries (including Argentina!) worked day and night with the program’s 75 different mentors. Alex Farcet, Startupbootcamp’s co-founder, spent 5 months carefully selecting mentors, as they are the most critical aspect of the program. Farcet managed to gather 100 business angels and entrepreneurs for the famous “Investor Day”, which was held on November 16th. Barely 2 months have gone by since the end of the program and several of the companies are already in advanced negotiations with investors.

Given the success of the first edition of Startupbootcamp, the program is now preparing to launch in additional European cities. As part of a joint venture with Okuri Ventures in Spain, the next Startupbootcamp will take place this summer in Madrid. Okuri Ventures is behind Spanish acceleration program Tetuan Valley. The Startupbootcamp team is also preparing additional programs in London and Berlin for 2012.

Startupbootcamp programs will most likely be organized so that they occur on an on-going basis. This year, the program in Madrid will take place from July-September and the program in Copenhagen will take place from September through November. The dates for London and Berlin are yet to be confirmed, but the Berlin edition will most likely take place from December through February and the London programwill follow from April through June.

And while Alex is also a mentor with France’s new acceleration program, Le Camping, it is very likely that the 2 programs will not establish a similar joint venture to launch Startupbootcamp in Paris. Despite the fact that the programs have a lot of similarities – the mentors, the investor day, the free office space – the programs are most definitely not identical. To my knowledge, Le Camping doesn’t provide each entrepreneur with €4K right off the bat to cover expenses during the program. But the main difference is actually that Le Camping is run by Silicon Sentier, a publicly-financed organization, which means they cannot directly invest in the startups. Bum-mer. But that doesn’t mean that Le Camping can’t take part in the international network of accelorators, United Accelerators, launched by Alex and Luis Rivera – the co-founder of Okuri Ventures who will be responsible for Startupbootcamp in Madrid.

For anyone interested in applying, applications for the Madrid program open tomorrow, on January 21st. No specific previous experience is required and entrepreneurs of all nationalities are welcome to apply. Most entrepreneurs tend to be somewhere from 20 to 30 years in age, although there are no contraints. Just whatever you do, don’t go sending in your business plans; the team has a simple 20-question form to fill-out with interview to follow for the selected entrepreneurs. All information on applying can be found here. Good luck to all the applicants !

  • http://twitter.com/webcrumbz Webcrumbz.net

    This is great news! Congratulations to Alex Farcet and the Rainmaking Team. They are really top notch guys! Good luck to Luis from Okuri Ventures.

    If I may, a small notice: The Investor Day was held on November 9th. :)

  • Michael J

    If the Madrid programme is anything like as good as the Copenhagen event, then teams and mentors are all going to get tons out of being part of it

    • http://riskcontainment.com/ Nick Hawtin

      Amen. As a StartupBootcamp mentor, I could not agree more.

  • http://www.roozz.com Jesper W. Thomsen

    As one of the 10 companies selected for the first Startupbootcamp in Copenhagen, we have only great things to say about this program and would encourage start-up companies to join this accelerator.

    The team behind Startupbootcamp had put together a very well structured program and had managed to get a large number of highly skilled and dedicated mentors on board that truly were able to challenge all teams and make them progress faster than they otherwise would have.
    There is no doubt that with Startupbootcamp we have taken a massive leap in our development and would happily do the whole thing all over again !

  • Paul M

    This is fantastic news… I’ve heard of Okuri through a Spanish mate just a couple of months ago, but it seems that they are doing pretty well!

  • http://cronicasdesdelafrontera.blogspot.com/ Crónicas desde la frontera

    Great project and great ideas… Anyone knows how to contact the Okuri guys? Seem they doing a great job

    • http://riskcontainment.com/ Nick Hawtin

      Okuri Ventures // + // info@okuri.es // @OkuriVentures // @OkuriSpaces // @OkuriLink // @OkuriFund // @TetuanValley

      • http://cronicasdesdelafrontera.blogspot.com/ Crónicas desde la frontera

        Thanks Nick

  • http://x.co/Lp4V the DOT mail TLD support site!

    but no one seems read the Seedcamp site and forum … over a week ago I’ve opened a thread [ http://forums.seedcamp.com/bbpress/topic.php?id=125 ] but still now I haven’t received not even ONE reply from site owners or from VCs or from forum users!

    • Reshma

      best is to write us on info@seedcamp.com. We may take the forum down actually as most people are writing to us directly on this email addy

    • http://www.patientsknowbest.com Mohammad Al-Ubaydli

      Hi there,
      I just read your question on the forum and thought it would be useful to reply publicly – you should read this book:


      Because it has the solution to the same complaint you are raising, i.e. traditional plans assume that you know the answers. Instead, it shows you how to write a business plan that states the questions, and how your start-up will go about answering the questions. Because that is the role of the start-up.

      Best of luck!
      mohammad (not from Seedcamp, but we did win Seedcamp 2009, and I highly recommend applying)

  • http://jetlib.com/news/2011/01/20/techstars%e2%80%99-european-affiliate-startupbootcamp-launches-in-madrid-berlin-and-london-to-follow/ TechStars’ European Affiliate Startupbootcamp Launches In Madrid, Berlin And London To Follow | JetLib News

    […] Read the rest of this entry » […]

  • http://pulse.yahoo.com/_DITLSEKQGVXKPM45RYRVHMT3UQ SoStupid.com

    startup boot camps maybe be an interesting concept, however, you cannot teach someone to be an “Entreprenuer”.

    • http://riskcontainment.com/ Nick Hawtin

      Teaching and mentoring are two different things.
      A teacher gives you the answer. A mentor helps you find the answer yourself.

  • http://trendoloji.com/?p=952 TechStars ‘Avrupa Ortaklık Startupbootcamp takip etmek için Madrid, Berlin ve Londra’da Başlattı

    […] Read the rest of this entry » […]

  • http://sixservix.com/blog/david David Bonilla

    Congrats to Luis and the whole Okuri team. Great news for the Madrid startup scene (tons of experience are coming !!!)

  • http://sixservix.com/blog/david David Bonilla

    Congrats to Luis and the whole Okuri team. Great news for the Madrid startup scene (tons of experience are coming !!!)

  • Cyril

    Actually, Le Camping program give also money to startups without asking equity.

  • Thomas Mølgaard

    Shoulds like that StartupBootcamp is really takin off.
    I visited the groups in Copenhagen last year and was really impressed by the energy level and the ideas they were working on. I didnt get to join the final investor day, but from what I hear from the investors at the day, they very very content with the ten pitches and the ideas.

  • http://blog.jayeyesea.com jdbradford

    It’s encouraging to see so many initiatives join the efforts to support startups across Europe – particularly Luis and Alex who have been pushing this hard in Madrid.

    We are still lagging behind Amercia in their endeavours to promote entrepreneurialship. We should all get behind programmes that are helping European startups reach their potential. Another deadline for startups to consider – 20th February – http://www.springboard.com.

    • http://twitter.com/abarrera Alex Barrera

      Go go Jon! Thanks man! It’s an honor to read that from u man :)

  • http://www.theequitykicker.com/2011/01/21/danish-accelerator-startupbootcamp-goes-pan-european/ Danish accelerator Startupbootcamp goes pan-European « The Equity Kicker

    […] writing about all this today because this morning Startupbootcamp Techcrunch broke the news that they will be running a programme this summer in Madrid, to compliment the one in Copenhagen in […]

  • http://financegeek.com/danish-accelerator-startupbootcamp-goes-pan-european/ Finance Geek » Danish accelerator Startupbootcamp goes pan-European

    […] writing about all this today because this morning Startupbootcamp Techcrunch broke the news that they will be running a programme this summer in Madrid, to compliment the one in Copenhagen in […]

  • http://www.reachev.com/?p=13 Alex Farcet: Startup Bootcamp | Escape Velocity

    […] Bootcamp was on the news last week, when they announced an extension of their accelerator at European level. Alex […]

  • http://eu.techcrunch.com/2011/01/22/seedcamp-reveals-the-18-companies-selected-for-london/ Seedcamp reveals the 18 companies selected for London

    […] week we announced that Startupbootcamp was spreading it’s wings and conquering more European territory, à la Seedcamp. And yesterday, Seedcamp announced the 18 companies selected to participate […]

  • MM

    The European start-up scene is really picking up. Check out Rainmaking who has co-founded StartupBootcamp together with Alex Farcet: http://www.rainmaking.co.uk

  • http://eu.techcrunch.com/2011/03/01/founder-institute-deadline-approaching/ Hey Europe, the Founder Institute deadline is approaching (selected ladies can attend for free)

    […] entrepreneurs. New programs seem to be popping up left and right these days, including Seedcamp and Startup Bootcamp that are definitely spreading throughout Europe. Still, the Founder Institute is one of the few […]

  • http://eu.techcrunch.com/2011/03/08/startupbootcamp-now-adding-dublin-to-the-list/ Startupbootcamp now adding Dublin to the list

    […] that was fast. TechStars’ first international affiliate, Startupbootcamp, literally just announced its plans to expand the Copenhagen-based startup mentoring program into Madrid, London and Berlin […]

  • http://www.awassoc.com/2011/02/multi-city-accelerator-program-aims-to-finally-put-european-entrepreneurs-on-the-map/ Multi-city accelerator program aims to finally put European entrepreneurs on the map | THE WRIGHT WAY

    […] Startupbootcamp launches in Madrid. Next up: London and Berlin. (eu.techcrunch.com) […]

  • http://new.startupfocus.eu/2011/02/04/multi-city-accelerator-program-aims-to-finally-put-european-entrepreneurs-on-the-map/ Multi-city accelerator program aims to finally put European entrepreneurs on the map

    […] Startupbootcamp launches in Madrid. Next up: London and Berlin. (eu.techcrunch.com) […]

  • http://www.calmventures.com/2011/02/experience-what-is-it-like-to-build-a-startup-in-sunny-spain/ Experience what is it like to build a #startup In Sunny Spain? | Calm Ventures

    […] Startupbootcamp launches in Madrid. Next up: London and Berlin. (eu.techcrunch.com) […]

  • http://www.calmventures.com/2011/02/multi-city-accelerator-program-aims-to-finally-put-european-entrepreneurs-on-the-map/ Multi-city accelerator program aims to finally put European entrepreneurs on the map | Calm Ventures

    […] Startupbootcamp launches in Madrid. Next up: London and Berlin. (eu.techcrunch.com) […]

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