Axel Springer Plug & Play accepts applications for its 2nd cycle

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Axel Springer Plug & Play, the Berlin-based accelerator program of the German media giant Axel Springer, is currently accepting applications for its second cycle.

The second cycle of the earlier this year launched accelerator program starts on the 3rd of October and will last for three month. Axel Springer Plug & Play provides startups with office space in the heart of Berlin, coaching from exquisite mentors, workshops, networking, events and € 25,000 for 5% equity. Each program cycle ends with the Demo Day, where startups will have the opportunity to pitch in front of an elite audience of local and international venture capital firms for additional seed and Series A funding. Plus, because of a cooperation with the global accelerator Plug & Play Tech Center, startups have the chance to meet Silicon Valley investors as well as go to Silicon Valley – if it makes sense.

Axel Springer Plug & Play is aiming to attract “trail-blazing digital entrepreneurs” with “innovative, technology and smart businesses”. To get a better feeling about what this exactly means, make sure to take a look at the Plug & Play startups of cycle one. And if the concept of Axel Springer Plug & Play appeals to you – Apply now until August 15th for the winter term starting on October 7th 2013.