(PRWEB) June 09, 2011
The seed fund Spanish Village has started the collection of applications. The projects can be submitted at any stage of completion. Top 7 teams will spend 3 months developing their projects in Spain.
Three-member teams will stay at the Punta Sur hotel from September 15th to December 15th. They will create a pilot product ready to be launched in the international market.
During the entire period of project development the participants will receive full support from the European and American specialists in marketing, project management financing, etc. The program also provides courses of Russian, English and Spanish. Upon completion, the teams will participate in a Road Show for European venture capital funds.
The SP Fund provides food, accommodation, transport and all necessary equipment. Besides, each team receives €3000 monthly on out-of-pocket expenses. A new company in which SP Fund gets a share up to 20% depending on the level of project completion will be established by the end of the program. SP Fund might also provide some additional investments for the most interesting projects.
The SP Fund will organize the start-up incubator twice a year - in the spring and in the autumn. The first participants will go to Spain on September 15th. Register your projects before June 23rd on spannish-village.com