Entrepreneurs in Nottingham are being given the chance to win 16 £2500 prizes from one of the city’s programmes designed to create the next generation of start-ups.
The prizes are being offered by the Next Business Generation – a programme designed to change how start-up companies are created in the sectors of digital, clean tech and life sciences.
The £40,000 prize fund challenges local entrepreneurs to define and evidence the ‘customer group’ for their business idea and the ‘problem’ that the proposed product or service addresses.
Toby Reid, Director of BioCity Nottingham and Acting Programme Director of the NbG, said “This competition is a fantastic opportunity to start something special. We’d encourage anyone with a bright idea to come and talk to us.
To win this great prize, simply tell us your clearly defined target audience and the problem you are solving for them and you can be in with a chance to gain valuable money and support for your business idea.”
One early success story of the programme is a business created by Ian Naylor and Becky Halls which provides mobile apps for businesses.
“We’re really pleased to be part of the Next Business Generation programme they provide us with invaluable support,” said Ian. “We initially proposed an app for one market sector, the NBG helped develop the idea and progress App Institute into a business that offers multiple types of apps, to multiple businesses. It will ultimately help create new jobs and more business into the city.