The Difference Engine is a full time 13 week acceleration programme which combines investment capital of £20,000 (for 8% of the business) with mentoring, support and office accommodation with various other services provided by our partners.At the conclusion of the programme the businesses will be expected to be investor ready, and will have to present their businesses and products to a group of venture capitalists and angel investors at a demo day. Applications for our next intake have opened, for our second programme which will start in September 2010 and will be based from Sunderland Software City.
The Difference Engine is comparable to Y Combinator (Silicon Valley), TechStars (Boulder, Boston & Seattle) and Seedcamp (London). Outside of London, this will be the first major acceleration programme to be set up in Europe, and clearly demonstrates our ambition to help aspiring digital entrepreneurs.
* We will shortlist 20 teams from which we will select the ten teams that will take part in the programme.
The Difference Engine is a 13 week programme that will run twice a year in the North East of England.
Our second programme cycle will commence in September 2010 at Sunderland Software City in Sunderland.