Seed funding in Europe

Oxygen Accelerator, Birmingham, UK (via @TCEurope)

13 week mentorship programme starting 1st September 2011 in Birmingham. Initial £20k loan for 6% equity stake, which once repaid (after additional funding, profit etc) is recycled back in to the programme. 

LINK: http://oxygenaccelerator.com/

SOURCE: http://eu.techcrunch.com/2011/05/09/new-uk-programme-joins-the-accelerator-vogue-offers-evergreen-funding/