With news earlier this week that Earlybird, the Berlin-based VC, has launched a new $130 million fund targeting early-stage startups in Turkey and Central and Eastern Europe, it seems apt that Turkey — specifically, Istanbul — should get itself a new startup accelerator.
Formally announced today, Startupbootcamp, the pan-European accelerator based loosely on the Techstars model, has expanded to the Turkish city and is currently accepting applications. As is now very familiar, it operates a 3-month ‘bootcamp’-style program to fund, mentor, house and showcase early-stage startups. Teams from anywhere can apply, but will need to relocate to Istanbul for the program, with applications expected from across Europe, the Middle East, CIS and North Africa.
Startups accepted into the program, which kicks off in June, receive €15,000 (in return for giving away 8 percent equity), 4+ months of office space, and what’s being described as €250k+ in sponsor and…
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