Presentation on theme: "Wilton Wednesday 6 th February 2013 AGENDA 12:00 Networking & Lunch 12:20Wilton WednesdaysMWA 12:25icreate Accelerator programmeMWA 12:35Putting the spark."— Presentation transcript:
Wilton Wednesday 6 th February 2013 AGENDA 12:00 Networking & Lunch 12:20Wilton WednesdaysMWA 12:25icreate Accelerator programmeMWA 12:35Putting the spark into your business Dr Laura Woods, Teesside University 13:00Close & Networking
Wilton Wednesdays An opportunity to: – regularly get together – keep informed – benefit from visiting speakers – network in a time & cost efficient manner – share successes and best practice – shape future events – get a free lunch!
icreate Accelerator Programme An annual cohort of 3-4 technology based SMEs to be recruited into the programme Basis of programme is to nurture and accelerate growth of high potential new products and processes in the Wilton Centre Innovation Accelerator incubator or adjacent areas The prize for the SME is investment funds(up to £150k), support services, development programme, heart of industry positioning and mentorship; leading to fast track growth The prize for the investor is UK-wide filtered deal flow and enhanced probability of success/growth in a highly supported environment Programme based on successful models operated in USA and Europe(e.g. Techstars, Y Combinator and Seedcamp)
Eligibility Must be an SME Science, Technology, Engineering and Life Sciences new businesses Activity based at the Wilton Centre Largely for Proof of Concept, Product, Process or Business Development activities
Source of Funds & Lead Sponsor Finance for Business North East –£125M over 5 years for N.E. SMEs –Money ex EIB, ONE and ERDF –7 Funds run by 6 Funders –3 have fit with our programme N.E. Technology Fund(IP Group) N.E. Proof of Concept Fund(Northstar Ventures) N.E. Angel Fund(Rivers Capital Partners) Lead Sponsor is Teesside University
Innovation Partners Finance for Business North East Rivers Capital Northstar Ventures IP Group Wilton Centre NESTA Tees Valley LEP CPI NEPIC Ward Hadaway UNW PERA Optimat Siemens Barclays Lombard Asset Finance Nat West Redcar & Cleveland CC HR Helping Hand
Innovation Partners Ability to hot-desk and meet with Accelerator programme participants; and, any other Wilton Centre residents Delivery of appropriate segments of the Entrepreneur Programme Some initial pro bono work Provides comprehensive array of skills and experience for business support
Time Line Launch competition as open for applicantsJan Application deadlineend Feb Selection processMar/Apr Announce winnersMay 1 st intake of new businessesJune Repeat process in 2014 and 2015
and, finally….. Spread the word to any SME candidates Investigate becoming an Innovation Partner if you feel you can contribute to the programme Apply if you are eligible via website: icreatefunding.com Need a Business Plan and a strong case for return on investment
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