Capital Factory Dangles $50K To Move A Startup To Austin

Are you a prospective startup, looking for a good place for your company while you get booted up? Wish you could just spend six months rent-free while you get your startup together? Austin's Capital Factory has the answer, and is dangling $50,000 in a relocation package to convince a startup to move their company to Austin. According to the Capital Factory, as part of its next class, one company will receive:

Three months rent in a 3 bedroom house (courtesy of HomeAway)
Six months of co-working at Capital Factory
Six months of server hosting (courtesy of Rackspace)
Moving expenses (courtesy of uShip)
Six months of a storage unit (courtesy of SpareFoot)
Six months of local groceries (courtesy of Greenling)
Six months of Ramen noodles

The startup accelerator said that the company will be selected as part of its next class, and will be pulled from the top five startup not from Austin originally. The effort to recruit the startup will kick off at SXSW, and the deadline for applying is February 24th.


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