@Wales Natalie Digital Media Welsh Assembly Government.

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Presentation transcript:

@Wales Natalie Digital Media Welsh Assembly Government

@Wales Digital Media Initiative: Remit Promote the digital media sector Support digital media clusters Incubate companies that are new, or new to Wales

Cluster support (pan Wales):

@Wales: Supporting digital media clusters Pan Wales network – delegates Regional events Elevator pitch competitions Sector and SME awards Supporting trade show delegations

Business Incubation A business incubator is an economic development tool designed to accelerate the growth and success of entrepreneurial companies through an array of business support resources and services. A business incubator's main goal is to produce successful firms that will leave the program financially viable and freestanding.

Selective Supportive Time-limited Characteristics of Business Incubation

4 phases of incubation

team EVAN JONES Director GARY WILLIAMS IT Innovation Manager SATHYA YUVARAJ Ultra bandwidth Manager Natalie Williams Pr & Marketing Executive CAROLINE BRADY Finance & Systems Administrator JAN SALAMAN Secretary/Administrator

Selective Is the proposal within our remit? Is it compelling? Does the financial proposal add up? Is the management team competent? Will the proposal add value? The sector/industry/market To Wales Can we help?

Supportive Working Environment NetworkAccess to FundingAdvice Press RelationsTrade Business Development Credit Card Processing Legal Advice Access to Investors Very High Bandwidth LAN PromotionMentoringAccountingPatent Agent Office Services IT InnovationSoftwareMarketing

Time limited Graduation-focused Viable and freestanding 9 months (< 3 to 18 months) Continuing support Technium, CBTC

Sample portfolio: nexusentertainmentservices.com IT3 Saiph Broadband Spindogs Ping Media

Graduates: Viable, freestanding

Cardiff Digital Media Centre: Saint Line House One of the most technically- advanced office locations in UK Ultra-wide bandwidth connectivity for business and community 3 floors devoted to incubation 2 floors shared companies space Research, meetings, secure storage and servers

Questions & Comments Natalie Williams Marketing and Public Digital Media Welsh Assembly Government Tel +44 (0) Cell +44 (0)