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BRUSSELS, June 19 (Xinhua) -- The Eurogroup said on Thursday it endorsed in principle the European Stability Mechanism (ESM) to disburse 600 million euros (816 U.S. dollars) of financial assistance to Cyprus in the July.
The Eurogroup said in a statement issued following a Eurogroup meeting in Luxemburg that it welcomes the Troika's conclusion that Cyprus' adjustment program remains on track and called on the authorities to further implement structural reform.
The disbursement will be "subject to national procedures and formal approval by ESM governing bodies" and is scheduled in the first half of July.
The statement also said the International Monetary Fund Executive Board is expected to consider the disbursement of 86 million euros around the same time. (1 euro = 1.36 U.S. dollars)
Startupbootcamp published its first list of 10 startups which are selected to participate in Fintech accelerator program at London for 2014. This program is based upon 3 months mentoring program and it includes startup teams from US, Europe and Africa.
As per Startupbootcamp almost 70% of selected startups already generating revenue and all the startups combined already raised €6 million in investment. This program is supported by many big brands including Llyods
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As per latest startup trends we have seen that London is becoming the major hub for fintech startups, so based upon this trend we can see that apart from Startupbootcamp’s there are many other incubators including Techstars-Barclays tie-up and London’s FinTech Innovation Lab are the major player in the game.
As per Startupbootcamp the main edge of their incubator is the list of big brands which are backing them for this program. All these big brand will be providing all major element to the startups for example industry data
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This program will start in the month of August, and will end later this year with the demo day where the startup teams will get a golden chance to pitch to 200+ investors. In exchange of 8% equity each team will be getting funding of €15
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Startupbootcamp Fintech 2014 teams:
Creditable
South Africa
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