As I was thinking about a follow on post regarding the departure of Y Combinator and what or who may fill the gap, I received an email from DreamIt Ventures.
They want to get the word out that Applications for DreamIt 09 summer session are currently being accepted online at www.dreamitventures.com . The so called Y Combinator clone program is based in the Philadelphia. Wade Roush from Xconomy did a good profile on them back in October 2008.
One of last years crop of participants SCVNGR that we previously profiled, has relocated to the Boston area and has enjoyed success with funding from Bantam Group and a recent round from Highland Capital.
The program requires relocating to Philly for the three month program in the summer. Check it out, it might be right for you and your idea.