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. ®

Build a business case: developing custom apps

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
Nadella: Apps must run on ALL WINDOWS – PCs, slabs and mobes
Phone egg, meet desktop chicken - your mother
White? Male? You work in tech? Let us guess ... Twitter? We KNEW it!
Grim diversity numbers dumped alongside Facebook earnings
Microsoft: We're making ONE TRUE WINDOWS to rule us all
Enterprise, Windows still power firm's shaky money-maker
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
Dude, you're getting a Dell – with BITCOIN: IT giant slurps cryptocash
1. Buy PC with Bitcoin. 2. Mine more coins. 3. Goto step 1
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
prev story

Whitepapers

Top three mobile application threats
Prevent sensitive data leakage over insecure channels or stolen mobile devices.
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.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
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.