Blueseed aims to put tech entrepreneurs on cruise ship off California coast

The future of new companies and technology may be out to sea - on a giant cruise ship.

A four-person Sunnyvale startup, backed by prominent investor Peter Thiel, is working on a barge that will be anchored about 19 kilometres off the coast of California. They say the community will solve the problems of immigration red tape and the overpriced housing market in Silicon Valley.

It will be able to hold about 1,000 entrepreneurs and allow them to work a short distance from startup founders and venture capitalists without needing a U.S. working permit.

"Blueseed is a visa-free startup incubator, 12 miles offshore from Silicon Valley, on a vessel in international waters outside the jurisdiction of the United States," reads the website.

They boast "awesome hackerspace," accommodation to fit any budget, daily ferry rides to the mainland and of course no one needs a visa to start working there.

The goal is to have entrepreneurs come from anywhere in the world and connect into Silicon Valley and possibly create the companies of tomorrow.

Once the companies become big enough they will move to Silicon Valley and start paying taxes.

"Economic growth is at the heart of prosperity," said Blueseed CEO Max Marty in the video. "At the heart of economic growth is entrepreneurship. People coming up with new ideas and technologies."

The company still has many hurdles to jump over before their floating city can become a reality. They have to raise tens of millions of dollars, attract high-quality entrepreneurs and figure out what country's flag to fly under.

If all goes well, the Blueseed hopes to set sail near the end of 2013.

(Photo from Blueseed Facebook page)