New collaboration between Symbion Accelerace and Startupbootcamp in the form of MobilityXL program promises to increase the number of internationally funded startups in Copenhagen. The project is expected to attract up to 30 different startups within IT, communication, gaming, mobile and sound industries. The program will be launched in August of 2013 and will run on yearly basis.
The participants will start off with three-months accelerator program by Startupbootcamp where they will work on improving their value proposition, business model and strategies. At the end of the project teams will be able to pitch their ideas to over 400 investors. Symbion Accelerace on its part will provide a long-term support and assistance helping to raise money for the most promising startups.
Peter Torstensen, CEO of Symbion and Accelerace, pointed out that the goal of such collaboration is to create a suitable environment for the companies to develop as well as to provide them with financial support and advice.
According to Lars Buch, managing director of Startupbootcamp Copenhagen, while preparing for MobilityXL he and his team have made agreements with nearly 100 mentors and raised over 10 million US$. The next points on the project’s agenda include work on developing connections among young startups and resolving housing issues for the participants during their stay in Copenhagen.