The first 8 teams are now three weeks into the first BootCycle. They're all based in Brighton, UK and meet regularly at The Skiff, a nice little hacking and coworking space in the middle of town. We're going to share much more about what we're up to in October when we'll be closer to the end of the 3 months of intensive peer supported bootstrapping. In the meantime this is what we can share with you to whet your appetites:

The teams are working on web apps that provide:

• Content classification for market researchers
• High value conversions for internet retailers
• Realtime communications for niche interest groups
• Live referrals monitoring for website owners
• Human resources metrics for employers
• Internet traffic management for network owners
• Special interest accommodation for travellers
• Trusted data brokering for web designers

For more information about BootCycle please join our Google Group or follow us on Twitter.

BootCycle is a new approach to providing peer support to early stage technology product developers. We help developers turn ideas into products that are ready for either investment or revenue after just 10 weeks.

These "Rules of BootCycle" provide the foundations of how it works:

1. Each BootCycle team must have one product idea which they are focused on delivering an investment or revenue ready version of within 10 weeks of the start of BootCycle.
2.  At least 2/3 of the members of a BootCycle team must be hackers* and they must have ownership rights to at least 2/3 of the outcome.
3.  All BootCycle teams must participate in an initial 12 hour Pre-BootCycle to share ideas, skills, experience and a few drinks.
4.  All members of all BootCycle teams must commit to attending to at least 9 out of 10 weekly meetings.
5.  All BootCycle teams must demo their product at a high profile BootCycle Demo Day at the end of the 10 weeks.
6.  All members of BootCycle teams must agree to enter into a FriendDA with all members of all other BootCycle teams: http://friendda.org/

*Hackers being product developers that actually make things with technology rather than simply talking or writing about it. These include people that code HTML & CSS all the way through to people that build electrical and mechanical devices.

People interested in participating in the first BootCycle in Brighton, UK should join the Google Group here: http://groups.google.com/group/bootcycle and our SlinkSet here: http://news.bootcycle.com
 
BootCycle was inspired by Y Combinator, the BarCamp and Coworking movements and the technology community in Brighton, UK. The initial idea was written up in this blog post by Jonathan Markwell