Forum aids investment seekers
Midlands 'hotshots' to make lunch pitch to investors
Ten Midlands companies awarded grants to develop their business with cutting-edge technology now have the chance to approach investors in the private sector.
The ANUBIS Project, which is backed by the East Midlands Development Agency (EMDA), recently provided 10 regional businesses with £10,000 to incorporate new technology into their business plans.
The contest was supported by The Entrepreneurs Club, a networking forum that showcases local entrepreneurs to a range of investors, and the 10 winners will now have the opportunity through the forum to seek private funding.
The Entrepreneurs Club, which meets quarterly in Nottingham, allows entrepreneurs to meet their potential benefactors face-to-face at an event that typically showcases six companies referred to as ‘hotshots’.
Hotshots make their pitch over lunch and later demonstrate their product or service at the networking event.
Tim Miller, who coordinated the ANUBIS Project, said “To continue development of these ANUBIS companies our next step was to give them the opportunity to source other forms of finance. The Entrepreneurs Club is the perfect forum for this.”
The Entrepreneurs Club also holds events in Leeds, Birmingham and London and has showcased 366 hotshots, 32 of which have received investment and a further 14 entrepreneurs are currently in negotiations with investors.
These businesses have raised total funds in excess of £10.75m, with £28,000 raised for charity during the events.