E-Synergy on the lookout for early stage start-ups needing support
E-Synergy Ltd, who manage the £10m NISPO Funds on behalf of Invest Northern Ireland, today announced the launch of this year’s Accelerator Event; a ‘Dragon’s Den’ type event which will give Entrepreneurs the opportunity to apply, and if selected, pitch for seed stage funding.
The two day event will take place on the 24th & 25th of September in Belfast.
E-Synergy’s Mike Bowman, Director of the NISPO Funds, says “With the launch of this year’s Accelerator Event we hope to repeat the success of last year where positive investments were made in start-up businesses like Mobile Report and The Weatherbies. This fantastic opportunity not only provides financial assistance, but also gives those selected access to angel investors, mentors and advisors which is crucial to the success of any start-up”. He continued “The objective of the Event is simple – to provide equity investment to those companies with high growth potential who can demonstrate that around £50k of investment will take them to a quantifiable milestone that accelerates the growth of the business”. William McCulla, Director of Corporate Finance & Property Solutions with Invest Northern Ireland said: “Finance is core to the success of any start up or growing business and equity funding, while not for everyone, opens a route that businesses can use to fund their growth plans. Competitions such as the NISPO Accelerator Event give companies the opportunity to pitch their plans to investors and a chance to raise investment based on the strength of their submission, presentation and business plan. We believe that exposure of funding streams in this way will help businesses take the first step towards funding their growth plans.” The event is also deliberately designed to provide the quickest route possible to investment. Following the event at the end of September, companies will be informed of the outcome by 15th of October and successful applicants, after due diligence, will have their investment finalised. The closing date for Applications is 5pm on 7th September. Application forms are now available for download at http://www.nispofunds.com/news.html