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Incubator Difference Engine Opens for Second Sitting The mentor-lead accelerator program, The Difference Engine

, started earlier this year, has opened applications for its second programme. Successful applicants w ill earn themselves £20k of seed capital and a place on an intensive 13 week men toring programme (20 September - 17 December, 2010), in exchange for an 8% equit y share. London, UK, July 12, 2010 -- The mentor-lead accelerator program, The Difference Engine, started earlier this year, has opened applications for its second progr amme. Successful applicants will earn themselves £20k of seed capital and a plac e on an intensive 13 week mentoring programme (20 September - 17 December, 2010) , in exchange for an 8% equity share. “The team spirit amongst the nine teams working closely together for the first r ound earlier this year made the whole experience fun as well as hard work,” said founder Jon Bradford. “Last time’s successful businesses are currently in discu ssions with various VCs to raise further investment capital. Naturally we’d like to continue building on that success this time” The programme is open to any digital businesses, and around ten will receive fun ding places on the programme. Although these rules are not ‘set in stone’, typic ally those that earn places on the programme are: web-based or software oriented at version 1.0 (for more ambitious projects, a prototype can be developed withi n the 13 week programme); ‘disruptive’ (market changing) technology solutions th at are not capital intensive; and teams rather than individuals, who must have t he right to work in the UK/appropriate visas. Although based in the North East of England, there is no geographic limitation f or entrants but applicants will need to be in North East of England (Sunderland Software City) full time during the 13 weeks of the programme. (Last time’s succ essful applicants came from all over the UK and two from Eastern Europe.) This times programme is funded and supported by a variety of organisations inclu ding One North East, Middlesborough and Sunderland City Councils. Mentors come f rom a variety of backgrounds and include serial entrepreneurs, technology expert s, and professionals such as lawyers, marketing specialists, accountants and ven ture capitalists. When the programme closes, participating businesses should be investor ready, an d will be expected to present their businesses and products to a group of ventur e capitalists and angel investors at a demonstration day. Applications should be made via the website: http://thedifferenceengine.eu/apply / by 23 July, 2010 . Shortlists will be made by 6 August, 2010 twenty applicants will be shortlisted, of whom around ten will earn places on the programme. The Difference Engine (http://www.thedifferenceengine.eu/) is a seed accelerator programme that selects about ten companies per round, providing funding of £20, 000 per team, along with support and mentorship. The application process for the second Difference Engine programme later this year is now open (closing July 23 , 2010). For an insight into the programme, based in the North East of England, check out TheDifferenceEngine.tv (http://www.thedifferenceengine.eu/tv/) Contacts: Claire Thompson, PR Consultant, Waves PR (http://www.wavespr.com), +44 (0) 207 795 8147, claire at wavespr.com, socially: claireatwaves. Contact : Jon Bradford, +44 (0) 7850 979 820, jon at thedifferenceengine.eu, Twitter: @jd

Contact: Claire Thompson PR Consultant Waves PR 13 Kensington Square London, UK W8 5HD +44 (0) 207 795 8147 claire@wavespr.com http://www.wavespr.com