Firebox100 accelerator seeks 100 top UK start-ups
New programme will provide £25,000 and package of support for businesses on scheme
A new accelerator programme and investment fund today announced a call for 100 top start-ups to apply for its UK-wide scheme, touted as the largest such initiative in the country.
The Firebox100 Investment Fund accelerator, led by Robert Clarke – serial entrepreneur and founder of global supply chain firm Ecodesk – will provide £25,000 investment and a package of business support to each start-up selected for a place on the programme.
The support will include advice from a dedicated team of specialist business advisors, in addition to an online seminar series available to all founders once a week.
Applications are open to all start-ups which have been Seed Enterprise Investment Scheme (SEIS) certified by the HMRC, and the programme will focus on tech start-ups in particular.
The scheme’s organisers said the programme would differ from other accelerator schemes in the UK by providing a more light-touch approach to support, allowing business owners to decide on their own direction.
Eligible businesses should be at a stage where they have built a working prototype of a product, started selling, or created “tangible traction”.
Firebox100 founder Robert Clarke said: “We passionately believe that great businesses need a head start. With our first fund Firebox100, we want to offer the kind of support and value investment that will give ventures a much-needed boost. We want every single one of them to have a fighting chance of success.
“We are totally convinced there has never been a better time to take your business to the next level.”
Tim Kay, technology start-up ‘evangelist’ at KPMG and a Firebox100 business advisor added: “There are a growing number of channels to support entrepreneurs in the UK, but securing funding can still be very time consuming and expensive for businesses, where every minute and every penny counts.
“Firebox100 provides tangible support for start-ups on a scale that will create real impact for the businesses, the investors and hopefully the UK economy as well.”
For more information and to apply for the scheme, click here.