UK start-ups Skillsearch and YOOVi announced runner-ups of ‘Big App’ Fund
Early-stage apps to receive share of £350,000 Seedrs crowdfunding alongside Portugese start-up UKADEMICS
The winners of a European competition to find the “most promising” mobile apps have been announced today with UK start-ups Skillsearch and YOOVi named runner-ups alongside overall winner Portugest-based UKADEMICS.
Launched by Worth Capital, the Big App Fund competition looks to develop innovative apps by offering mentoring, advice and a share of £350,000 investment via equity crowdfunding platform Seedrs.
Having pitched to a panel of app experts including app entrepreneur Ted Nash, Facebook business marketing executive Adam Harrison, and author George Berkowski, the three winners beat off fifty finalists to the top spot and will now receive support from the Fund over the next two years.
Two of the three winning apps are targeted at the education sector; Skillsearch is a peer-to-peer digital platform which connects educators with course seekers while UKADEMICS is a search and application platform for universities.
Focused more on entertainment, YOOVi offers an interactive platform which creates movies where users can interact with real world objects and characters, and become the character of the movie.
The Fund marks the second competition from Worth Capital after it raised £300,000 earlier this year for its Worth Retail Foundation Fund initiative which sought to identify Britain’s “most talented” retail entrepreneurs.
Paul Ephremsen, Worth Capital co-founder, commented:“The talent we saw in the judging room was exceptional and it was a very challenging task choosing just three winners.
“Worth Capital are all about discovering young entrepreneurs across various sectors and mentoring them to shape and launch their businesses to achieve great things. It’s clear that we’ve unearthed some bright and promising entrepreneurs in the UKADEMICS, Skillsearch and YOOVi teams and we’re excited about what the future holds for them.
“Partnering our unique business model with Seedrs allows us to raise necessary funding for these start-ups but also gives the crowd reassurance that we’re selecting the very best businesses to invest in”.