North East firms hungry for investment are being offered an opportunity to meet potential funders.
The organisers of enterprise conference Venturefest North East have joined up with the government-backed Business Growth Service to stage a “Meet the Investor” component to their coming October event.
Businesses can apply now to be considered for a pitch at the event, in front of a table of venture capitalists, angel investors and fund managers.
The Business Growth Service, now incorporating GrowthAccelerator, and Venturefest North East will bring together over 25 investors at the event representing a range of funding sources from start-up loans of a few thousand pounds to multi-million loan and equity deals.
Gaynor Dykes, regional manager, Business Growth Service said: “As part of our joint ambition to support businesses in the North East with sourcing investment for growth, the Business Growth Service are delighted to be supporting this year’s Venturefest North East event. In attending, you will not only have the opportunity to be introduced to the government-backed business support that is available to growth businesses, but crucially to make relevant and key connections within the local investment community.”
Investors already confirmed to take part in Meet the Investor include Crowdcube, Growthfunders, IP Group, Key Fund, Mercia Fund Management, NatWest, Northstar Ventures, Rivers Capital, Silicon Valley Bank, Transmit Startups, UK Steel Enterprise and a dozen angel investors.
Simon Green, executive director of Venturefest North East, added: “Meet the Investor builds on the success of the investment strand of last year’s Venturefest North East, where 51 businesses took part in 250 one-to-one elevator pitch meetings, with 17 businesses being offered funding as a direct result of the event. We are delighted to be working with the Business Growth Service again this year, their support enables us to widen the range of investors involved and ensure there is support to get our businesses ready to meet with them.”
Applications are invited from businesses, charities and social enterprises until 5pm on June 30, 2015. Full details of the application process are now online at www.venturefestnortheast.com. Successful applicants will be matched with the most appropriate funders and invited to attend a series of investment masterclasses with investment advisors from the Business Growth Service in prepare for Venturefest North East 2015.