If you think that you have a really great idea but you do not know how to proceed then you may be in luck. Techstars is now accepting applications for funding 10 new ideas.

It offers seed funding upto $5000 per founder, upto 3 founders. So you can get a $15,000 or Rs 6 Lakhs of funding. The amount is not the best part about the programme though. It is the other facilities like legal advice, networking and mentoring that they provide, that makes them special. Last year also they had funded 10 companies. 8 of them have now recieved angel investment.

The best part is they do not want you to send them a business plan. So you need not worry about preparing one. See the details of the programme here