Spain’s IE Business School last month inked an agreement with Top Seeds Lab, a Madrid startup accelerator supported by a range of top-tier technology corporations. As part of the new collaboration, IE entrepreneurial students working on projects through the school’s Venture Lab will be eligible to receive an additional boost from Top Seeds to help spur their ventures toward success.
Under the terms of the new agreement, IE’s Venture Lab will be able to include up to two teams in the third edition of Top Seeds Lab’s Startup Acceleration Program, which will run from October 28, 2013, through February 28, 2014. Top Seeds Lab will also include a fast track for one or two IE student projects in future editions of its acceleration program.
“Venture Lab’s aim is to provide maximum impetus for our startups and ensure that our entrepreneurial students find openings for their projects when they graduate from IE Business School,” Liz Fleming, deputy director of IE’s Venture Lab, said in a statement. “Private accelerators are an excellent option for our entrepreneurs, and Top Seeds Lab provides support for what are key months for the successful implementation of a project,” she continued.
As part of Top Seeds Lab Acceleration Package, selected student teams will receive 15,000 euros of initial capital to set up their company, as well as a services package valued at 35,000 euros from Top Seeds Lab and its collaborators. Included in the services package is space in the Top Seeds Lab offices at Madrid’s Science Park, mentoring, fundraising advice, legal services, hosting, web analytics and more. The package will also include a Talentum scholarship for each startup as part of an agreement between Top Seeds and Telefónica.