$20,000 In Capital For Startups?

I discovered this by clicking on an ad on Facebook, so I don't know if its 100% valid. However, it does look very interesting and may be worth taking a look at.

It's called Capital Factory, and they are a seed stage mentoring program for startups that provides a small amount of seed capital and weekly mentoring sessions by entrepreneurs who have founded successful companies.

Startup companies apply to participate in their 10 week summer program intended to get a startup pointed in the right direction with a clear path to profitability and growth. This year the program runs from May 22nd to August 7th. At the end of the program, they'll host Demo Day and stream it live over the Internet.

Each company receives up to $20,000 in cash, and they provide you with all of the basic infrastructure that you're not spending that money on office space or legal fees. That's meant to be enough to cover your living expenses, hire an employee or contractor, and do some test marketing.

The deadline to apply is April 3, 2009.

For more details, visit:
www.capitalfactory.com