Last June 1, H-Farmventures - the first italian private incubator, halfway between an incubator and VC - launched its 90-day time window for would-be webpreneurs in search for their first round of investments in 2011. Participate is really easy: all what would-be webpreneurs have to do, in order to become the next Andrew Mason, is to send their breakthrough "internet-based" ideas between June and August using the online form.
Indeed H-Farmventures will evaluate only "internet-based" projects with particular interest in proposals in the medical field, environmental sustainability, social games and online payments. The team of H-Farmventures will pick up only 5 projects providing them with the initial financing for the first 3 months devoted to product development and business planning.
During these 3 months each team will work round the clock, with all the passion and skills available, to create the Alpha version of the project, which will be enough to convince investors to provide follow-up financing, i.e. a second (and larger) round of financing. All this in exchange for a minority share in the capital of the establishing company. The seed program is a mixture of finance (€ 30k) and mentorship, during which teams are provided with a series of incubation services such as office space, G&A, legal and financial advisory, help desk, HR.
During these 3 months each team will work round the clock, with all the passion and skills available, to create the Alpha version of the project, which will be enough to convince investors to provide follow-up financing, i.e. a second (and larger) round of financing. All this in exchange for a minority share in the capital of the establishing company. The seed program is a mixture of finance (€ 30k) and mentorship, during which teams are provided with a series of incubation services such as office space, G&A, legal and financial advisory, help desk, HR.
On H-Farm
H-Farm is a venture incubator whose mission is to accelerate the development of internet startups via a combination of seed investment and incubation services. It is a hybrid model that reflects the dual soul of H-Farm: that of Venture Capitalist and that of Incubator. As a VC H-Farm invests seed capital, granting the finance necessary for the early stage activities; as an incubator it provides a series of services to speed up the business development: an exciting and inspiring workplace, centralized general administration, press office, human resources, legal and financial consultancy.
On H-Farm SEED PROGRAM
H-FARM periodically launches seed competitions to attract fresh, innovative, ground-breaking ideas; they suggest specific areas of interest for each Program, but are open to any project matching their investment focus:
- Internet and New Media
- Early stage ventures
- Seed funding (up to € 300k)
So if you think that your idea is going to change the world and you want to be the next generation webpreneur, than apply now.
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