There is a new incubator launching in Moscow, Russia. It is called Farminers (farminers.ru). It offers $150,000 for 40% equity, office space for 6 months, Macbook and iPad. After 6 months there is a Demoday. During 6-month you can get help from several mentors(11 guys), who are only known locally in Russia.
What do you think about this type of Incubator model? They are stating that $150,000 are for building the prototype. What kind of prototype you could built for $150,000???
I can't say anything of what kind of mentorship you could get there, but the mentor list is not looking very impressive at the moment. Biggest names are the guys from Mail.ru Group(IPOed in London in early 2011).
$150,000 sounds really sweet for the startups. The question is will this type of Incubator help to develop startup eco-system in Russia? ... It should, right?
What do you think about this type of Incubator model? They are stating that $150,000 are for building the prototype. What kind of prototype you could built for $150,000??? I can't say anything of what kind of mentorship you could get there, but the mentor list is not looking very impressive at the moment. Biggest names are the guys from Mail.ru Group(IPOed in London in early 2011).
$150,000 sounds really sweet for the startups. The question is will this type of Incubator help to develop startup eco-system in Russia? ... It should, right?