ReadWriteStart

Springboard has launched a new mentorship-led accelerator program for European startups. Springboard debuted in 2009 as an "accidental incubator" emerging from the company Red Gate Software.

Springboard aims to help early stage startups. The program offers seed capital, office space, and "most importantly - that magical ingredient of 'smart-community' with mentors and other entrepreneurs." It's a 13-week program, based at Cambridge University's ideaSpace. Participants will receive £5,000 per founder (to a maximum of three founders) for which Springboard will accept 6% of founder shares.