GeekMedia, the company behind the Israeli blog NewsGeek (Hebrew) has launched VentureGeeks, a new incubator program in Israel, which will provide seed funding and mentorship to Israeli startups. The Tel-Aviv based incubator is meant to serve as an accelerator program for startups, following the model of US based Y Combinator. Startups which are admitted to the program will receive up to $20,000 in pre-seed funding, office space, administrative services and advice from a group of mentors. The cost for startups is 10% of their equity.
Some of the mentors include: Eden Shochat, General Partner at Genesis Partners and Udi Netzer, a seasoned angel investor and the co-founder of Evergreen (Israeli VC), Seasoned entrepreneurs such Tomer Dvir, CEO and Co-Founder of Soluto and Liad Agmon, Currently EIR at Bessmer Venture Partners and Co-Founder of Delver (Acquired by Sears) and Onigma (Acquired by Mcafee), and Industry experts such as Zack Weisfeld, Business Development and strategy director at Microsoft R&D and Ayelet Noff, CEO at Blonde 2.0.
Applications to the program are currently open until February 28th, 2011. The incubator got $5 million in funding.
I'm a former general partner at google ventures, head of Google for Entrepreneurs in Europe and founding head of Campus London, Google's first physical hub for startups.
I'm also the founder of Techbikers, a non-profit bringing together the startup ecosystem on cycling challenges in support of Room to Read. Since inception in 2012 we've built 11 schools and 50 libraries in the developing world.
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