Looks like a great opportunity for European entrepreneurs for funding, networking even for challenging their business plans. It offers 50K Euro for 5 teams for 10% stake, which is definitely not bad if you are just a startup with a good idea, but (almost) no money.

Seedcamp is where Europe’s top young founders can come together in one place. From securing funding to developing the right network, young entrepreneurs in Europe face challenges in building globally competitive technology businesses. Through the provision of seed capital and a world class network of mentors, we want to provide a catalyst for Europe’s next generation of entrepreneurs.

You can apply to Seedcamp here online. Online applications close at 10th August, so you sould hurry to get in.