For a mere $1200 a month, entrepreneurs will soon be able to live and work as if they were in Silicon Valley, without the need of a Visa. Introducing Blueseed: a floating startup technology incubator which sits 12 miles of the coast of the San Francisco bay area. Still confused? Check the picture below.

Max Marty, an American entrepreneur of Cuban descent, is currently spearheading Blueseed, a “Googleplex of the sea” as he calls it. The project, which is supposed to set sail in Q3 of 2013, will house foreign entrepreneurs just outside the jurisdiction of the United States where they can create and work on their startups temporarily until it is large enough to move to Silicon Valley.

Meanwhile the entrepreneurs can visit the mainland using a business/tourist visas for up to 180 days a year, which are significantly easier to obtain than work-visas.

Venture Capitalist and PayPal Cofounder Peter Thiel is leading a $500000 seed funding round. The company has also released a survey of interest for startups which shows many eager entrepreneurs from around the world willing to board the ship.