£20,000 prize for technology start-ups

Technology start-ups have the opportunity to compete for the chance to win £20,000 worth of business support as part of the Venturefest York event, taking place in February 2004.


Technology start-ups have the opportunity to compete for the chance to win £20,000 worth of business support as part of the Venturefest York event, taking place in February 2004.

Technology start-ups have the opportunity to compete for the chance to win £20,000 worth of business support as part of the Venturefest York event, taking place in February 2004.

The Venturefest Business Awards competition is open to knowledge and technology-oriented business initiatives seeking funding of up to £2 million. From an initial 30-strong shortlist, 10 will be given the opportunity to pitch their idea to an audience of potential investors at the Venturefest York event on 5 February 2004.

The winner, chosen by a panel of expert judges on the day, will receive £3,000 cash to invest in their business, a year’s free accommodation in premises at York Science Park plus £10,000 worth of professional services advice during their first year in business including financial, legal, marketing and HR support. A “People’s Prize” of £2,000 will also be awarded, the winner of which will be chosen by Venturefest York delegates on the day.

From initial applications, 30 potential business start-ups will be chosen and put through their paces by business development network, Connect Yorkshire. Over 3 months, the would-be owner managers will be put through a rigorous assessment process designed to prepare them for pitching their business idea to potential investors at Venturefest York.

Gareth Owens, Venturefest York track co-ordinator, adds, “Investors from all over the country will come to Venturefest York looking for great businesses in which to invest. All 10 businesses pitching for investment on the day will have an excellent chance of securing funding. Through the Venturefest York Business Awards, the competition winners are guaranteed a boost that will help them realise their business dream.”

For more details or to register for the awards, go to www.venturefestyork.net or call 01904-449551.

(5/11/03)

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