NatWest announces Birmingham accelerator open for business
Hub marks first of eight centres to be launched nationwide with access to office space, advice and investment opportunities
NatWest has opened the first of eight of its UK accelerators in Birmingham, St Philip’s Place, this week with the goal to help entrepreneurs in the city take their “businesses to the next level”.
Launched in partnership with Scottish accelerator initiative Entrepreneurial Spark, the new hub will house 80 entrepreneurs who will receive free office space, advice and wi-fi over a period of six months. As part of the launch, the top five companies joining will pitch to win a £1,000 prize.
The programme will culminate in a graduation event which will bring together investors, business experts and mentors with rewards and cash awards of up to £50,000 on offer.
The opening marks the first location for the bank’s multi-million accelerator project with Bristol and Leeds the destinations for the next hubs.
Entrepreneurial Spark CEO, Jim Duffy, commented: “Our tried and tested accelerator programme has already had a significant impact on the start-up community in Scotland, helping 350 businesses to create over 1,000 jobs and £41m in turnover to date.
Discussing how Birmingham is one of the top places to start a business in the UK, Duffy added:
“Birmingham has been found in a number of pieces of research to be the most entrepreneurial city in the UK, so it’s a fitting place for our first hub in England. Our message to entrepreneurs is work hard, focus and ‘Go Do’ to achieve the business success of your dreams.”