As Power Index published...
RBS accelerator helping three times as many start-up businesses
One-to-one sessions are a feature of the hubs
Royal Bank of Scotland says its accelerator programme is now helping three times as many start-up businesses as it it did in its earlier years.
RBS acquired the Entrepreneurial Spark programme in February 2018 and has invested in expanding its 12 outlets to 20.
Unveiling its inaugural #PowerUp Index of the 25 ‘stars of the future’ which have emerged from the latest cohort, managing director for Entrepreneurship Gordon Merrylees, said: “Since Royal Bank of Scotland brought the Entrepreneur Accelerator network in-house, we’ve been able to scale the programme rapidly. The entrepreneurs we’ve supported over the past 15 months marks a 300% increase on what we were able to achieve during the previous three and a half years.
“This shows how much of an achievement it is for the 25 businesses that have made our inaugural #PowerUp Index. Each of these businesses and their founders have really stood out for their impressive growth mindset, job creation, business growth and consistently demonstrating the behaviours and qualities we expect of the country’s future entrepreneurial leaders. This is in turn enabling them to have a truly significant impact in their local communities, while supporting the UK economy.”
Each of the 25 businesses was based in one of the bank’s Entrepreneur Accelerator hubs between April 2018 and March 2019. They receive mentoring, insight and bespoke coaching. They also benefit from the specialist expertise and support provided by the Entrepreneur Accelerator’s national partners – Dell Technologies, Propel by Deloitte, Hiscox, Equifax, FreeAgent and Pinsent Masons.
The Accelerator hubs are capable of supporting up to 1,000 entrepreneurs simultaneously across the country, making them the UK’s largest fully-funded business accelerator network.
The #PowerUp Index was developed in partnership with Beauhurst and Equifax and it reflects the key aspects of Royal Bank of Scotland’s Accelerator programme which focuses on the financial performance of these businesses as well as the key driver to what makes these businesses thrive – the entrepreneurs themselves.