Seedcamp is a Europe-wide initiative that aims to catalyze the next generation of European entrepreneurs. It is a combination of Seedcamp Week, a 3 month immersion program, and Seedcamp on the Road events. During Seedcamp Week, the 20 best startup teams selected from applications across Europe are invited to London for a week-long, immersive event surrounded by over 150 mentors. The most promising 5 teams are chosen to receive €50,000 in funding in exchange for 10% equity, and are invited to stay in London for an additional 3 months of support through weekly events and demos. Seedcamp is backed by leading European venture capitalists, angel investors, corporations, and entrepreneurs.