TechHub Swansea launches £10,000 tech accelerator
Senior figures from JustEat, Google and Entrepreneur First have signed up to mentor high-growth Welsh tech start-ups
TechHub Swansea has launched a search for Welsh technology start-ups with high growth potential to take part in what it claims is the country’s first tech accelerator.
Offering an initial £10,000 in funding, the ideas.fund will give 10 start-ups access to two months of mentoring from successful brands such as JustEat, Google and Entrepreneur First, as well as free desk space at TechHub Swansea to help them develop their ideas.
Applications close on March 18, when TechHub partners will discuss the ideas and decide the shortlist. The programme will culminate in a demo day on June 24 where each start-up will have the chance to pitch to investors in a bid to secure long-term investment.
TechHub Swansea was launched in 2013 by Matt Warren, Paul Harwood and Tim Morgan to provide workspace and support for start-ups across Wales.
Warren commented: “ideas.fund aims to uncover the next big wave of disruptive ideas and turn them from concepts into concrete, lucrative businesses.
“As a tech entrepreneur myself I know that getting a start-up off the ground can be a struggle, but the unique programme ideas.fund will offer entrepreneurs a real chance to show how their business could generate value in a busy tech market.”