Cash prizes spark new business ideas
Start-up businesses in Edinburgh, Glasgow and Ayrshire shared £105,000 in cash prizes after pitching their plans in the Entrepreneuring Awards last night run by Entrepreneurial Spark and backed by the Royal Bank of Scotland and KPMG.
Among the winners from the Glasgow Hatchery were FairSquaredUK, which claimed the GoDo prize of £4,000, and Fatburn Extreme, which took the Acceler8 Award of £6,000.
Presented with the Entrepreneur of the Moment Award and £10,000 prize was Blind Spot Gear, and winning the Chiclet Choice Award and £2,000 was Welltime.
From the Ayrshire Hatchery: Tartan-Ice won the £4,000 GoDo Award, Oor Wee Den won the £6,000 Acceler8 Award, The Little Art School won the £10,000 Entrepreneur of the Moment Award, and SEM Events won the £2,000 Chiclet Choice Award.
The winners in Edinburgh were: Arc-Net, which claimed the GoDo Award and £4,000 prize for its unique security platform for supply chain and brand protection. Allatus won the Acceler8 Award, along with a £6,000 prize, for its innovative software tool. UK Gift Box took the Entrepreneur of the Moment Award and £10,000, and the Chiclet Choice Award went to Tie Club which included a £2,000 prize.
Carl Haagensen, entrepreneurial development manager, Royal Bank of Scotland, said: “All have shown a tremendous amount of passion, creativity and commitment to their businesses and this event was an opportunity for everyone involved to take a moment to see how far they have progressed and the difference their hard work has made.”
Phil Charles, head of enterprise for KPMG in Scotland, said: “We have no doubt that many of these will go on to become successful companies, providing employment and creating wealth for their respective regional economies.”
Entrepreneurial Spark founder and chief executive Jim Duffy said: “The Entrepreneuring Awards have grown alongside our network of Hatcheries, and the latest round was the biggest yet. The cash prizes are an excellent way of boosting some of our most promising businesses and accelerating their growth, and the events also provide valuable networking opportunities and pitching practice.
“Entrepreneurs need to be able to explain their business briefly and concisely, and they never know when they might meet a potential investor, client or partner. That’s why we drill our chiclets to ensure that they are clear on their goals and able to pitch their ideas.”
Photo: Jim Duffy (by Terry Murden)