Feeds

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

'Sustainable growth' from 'brand engagement'

Intelligent flash storage arrays

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. ®

Internet Security Threat Report 2014

More from The Register

next story
Facebook pays INFINITELY MORE UK corp tax than in 2012
Thanks for the £3k, Zuck. Doh! you're IN CREDIT. Guess not
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Edward who? GCHQ boss dodges Snowden topic during last speech
UK spies would rather 'walk' than do 'mass surveillance'
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.