£10,000 kick start for science entrepreneurs

Entrepreneurs in the North East can access business support worth more than £10,000

Chapman Brown Photography
Mike Anderson is the manager of the icreate programme

Science and technology entrepreneurs are being offered the chance to access a business support package worth over £10,000.

The new scheme, backed by Wilton Centre and the UK-wide BEST network of science and innovation parks, aims to help participants to become investment ready.

Called icreate entrepreneurs, it is the second phase of a project designed to provide essential support and funding to inspire innovation and support scientific business breakthroughs.

Phase one, which was a competition for investment funding, attracted a number of entrants whose bids are being considered by a range of venture capital funders.

The second phase is aimed at individuals who are at an earlier stage of their business development.

Dr Mike Anderson, the manager of the icreate programme, explained that the initial competition had highlighted a real need for support that helps individuals with innovative ideas to realise them.

He said: “We are targeting people who have the inspiration but need help and guidance when it comes to turning it into a business reality.

“We will be recruiting a cohort of budding science and technology entrepreneurs to provide them with the knowledge, experience and support in order to set up their businesses as investment ready.”

Those accepted onto the icreate entrepreneurs programme will be provided with a package worth £10,000 including fully equipped office at Wilton Centre including internet and phone connection, space in the Centre’s Innovation Accelerator plus a programme of business skills workshops.

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