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Previously known as a startup accelerator, the Bulgarian LAUNCHub has finally completed its rebranding into an actual seed VC fund although it still operates in a format similar to that of an accelerator, for example, by running the selection process unlike VCs that continuously review and assess startups.
The new application deadline is November 3. The funding process, as usual, will include a four-day selection event in Sofia where the shortlisted teams will be invited to join to pitch their ideas.
Typically, LAUNCHub offers up to 200,000 Euros in funding, and a mentor-lead program that for the new batch will begin in February 2014. Since its launch in 2012 the fund have spent 2 millio Euro and backed 25 teams from 5 countries from South-East Europe.
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vita at goaleurope dot com