Startupbootcamp’s MobilityXL offers chance for $1 million loan to scale your startup

Jun 21, 2013
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Arguably Europe’s top accelerator program, Startupbootcamp, is making a final call for applicants to its newest installment, Copenhagen-based MobilityXL. Interested startups focusing on mobile and related technologies and solutions, will need to apply by June 30th. The ten most promising applicants will be selected to participate in a 3-month accelerator program at The Orbit in Copenhage and will run from September through December. In addition to getting access to more than 100 top-notch mentors and contacts, select startups also get €15k at the beginning of the program in exchange for 8% equity plus 6 months coworking space. Startupbootcamp has also announced that, in conjunction with their partner Accelerace, selected startups will also; for the first time, have to opportunity to secure $1 million loans. Head of Startupbootcamp MobilityXL, Lars Buch, sees Accelerace as the perfect partner to bring this new financing opportunity to startups:

“Startupbootcamp, the worlds best talent scouts, bring the best of the best to one physical location, get the team consolidated, give access to seed funding and get a real product ready to sell in record-breaking time, combined with Accelerace, who work with teams with real revenue, a plan for international expansion and with a disruptive business model in the form of a loan instead of the traditional cash for equity model. A perfect fit for a strategic growth partnership,” says Lars Buch.

Startupbootcamp, Europe’s answer to YCombinator, has expanded across Europe with installments in Berlin, Amsterdam, Copenhagen, Dublin, Haifa, and London, with many more cities and geographies in the works. Alumni appear to have done quite well coming out of their programs as 70% have gone on to raise funding, with 100% raising funds in some graduating classes.

The date to apply to MobilityXL is June 30th, so make sure to move fast if you want to apply!  You can sign-up here.