With the latest news in January, we have a valuable addition coming from the west to the east – EarlyBird, the known venture capital from Berlin directed $130 million to support startups from Central and Eastern Europe. This will be done through the opening of Startupbootcamp Istanbul.
This already formal accelerator will be working on a 3 month program in which it mentors, funds, houses and showcases early startups. The applications are officially open until the end of March, and teams can apply no matter where are they from.
If chosen, startups start their program in June and for only 8% of their equity they are funded by €15,000, 4 months office space and a mentorship program valued at over €250k.
Startupbootcamp Istanbul will also work on a more coworking concept model, by spanning over two floors, open office space and a coffee shop at the lobby.
With this very important investment in startups Turkey will become one of the key areas in the SEEMEA region.