From the Seedcamp website:
Seedcamp is where Europe’s top young founders can come together in one place.
From securing funding to developing the right network, young entrepreneurs in Europe face challenges in building globally competitive technology businesses. Through the provision of seed capital and a world class network of mentors, we want to provide a catalyst for Europe’s next generation of entrepreneurs.
We welcome Europe’s brightest and most ambitious young entrepreneurs to take part in Seedcamp.
For thos of you familiar with Y Combinator – Seedcamp will be a European equivalent.