I think this could be interesting, RedGate who are behind SpringBoard seem to be very good at identifying talent.
I've met quite a few of the startups they've helped before (pre-incubator stage they used to give interesting startups office space) and they're all very talented people, I believe at least 5 of the guys they've worked with in the past have since gone through YC as well.
Globally I think TechStars is the only other seed accelerator that has managed to successfully pull off the YC model, but I suspect if anyone else can do it, it's going to be the SpringBoard guys.
(Especially given that increasing difficulty of getting US Visas, SpringBoard might have a significant advantage in appealing to EU startups)
I'd be tempted to apply to them myself if I wasn't a sole founder :-)
