Feeds

Pirate island attracts more than 100 startup tenants

Green-card-free startup ship closer to international waters

  • alert
  • submit to reddit

The Essential Guide to IT Transformation

Over 100 international tech companies have registered their interest in the floating geek city, Blueseed, which will be launched next year in international waters outside of Silicon Valley.

The visa-free, start-up friendly concept launched late last year aims to create a fully commercial technology incubator where global entrepreneurs can live and work in close proximity to the Valley, accessing VC dosh and talent as required.

Significantly, Australian entrepreneurs have ranked in as the third biggest group driving demand for the project.

A new research report released by Blueseed reveals that the bulk of registered demand germinated from the US at 20.3%, Indian start-ups rank second at 10.5% and Australians third at 6%.

The research found that international start-ups nominated living and working in an “awesome” start-up- and technology- oriented space; proximity to Silicon Valley's investors and an alternative to having to get US work visas for company founders or employees as the key reasons for getting on board.

The Blueseed model budgets for around 1,000 live-in entrepreneurs on deck with costs ranging US$1,200 to $3,000 per month, per person for living quarters and office space.

It is most likely that Blueseed will revamp a decommissioned luxury cruise liner which the founders estimate would cost between $10 -$25 million to fit out.

Blueseed’s research has found that across the US, 7,000 Computer Science Master’s and PhD graduates each year are foreign nationals, with many encountering difficulties in continuing their US residence and many being forced home. ®

Blueseed's

Blujeseed's floating startup island

The Essential Guide to IT Transformation

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.