Feeds

UK.gov spunks £500k to create jobs in startup marketing businesses

'Sustainable growth' from 'brand engagement'

Boost IT visibility and business value

A pot of £1m has been promised to 10 UK start-ups as part of a "business accelerator" plan managed by Creative England. Funding for the venture has been partly provided by the Department of Business, Innovation and Skills, whose Regional Growth Fund poured £500k in loan capital into the pot.

The other £500k is equity investment raised from private sources.

Applications for the accelerator programme "Collider12" are open now and it's looking for early stage businesses that can "help brands engage with their customers".

The "acceleration process" will involve mentoring, client feedback and cash for the lucky 10 start-ups.

Each chosen company will get £100k.

In the "Collision phase" of the acceleration, the start-ups are matched up with brands and, er, "collided". The 10 big businesses will be announced in November.

The winner will be the UK economy, says Simon Corbett of Jargon PR. His company is one of the three mentors onboard to guide the businesses through the collision process. Corbett said: "The aim is... to create financial returns and jobs and contribute to sustainable growth for the UK economy."

The other mentors are law firm Taylor Wessing LLP and financial advisors Kingston Smith LLP.

Michael Fallon, Business and Enterprise Minister said: 

The Regional Growth Fund is playing a pivotal role in supporting programmes such as Collider12 to give small business the chance to exploit new opportunities in the creative and technology sectors.

To apply, small businesses should visit the collider site and fill in an application before 2 November. Offers will be made to successful applicants by 14 November. ®

The Essential Guide to IT Transformation

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.