Seedrs to support new Welsh Government business growth programme

Equity crowdfunding platform Seedrs has been selected as a strategic partner to support a £20m Welsh Government business programme aimed at high-growth companies.

The Accelerated Growth Programme, backed by the European Regional Development Fund, will last six years and work with 1,000 ambitious businesses based in Wales.

Newport-based Impact Innovation, a consulting and advice firm specialising in early-stage technology companies, will deliver the AGP together with KPMG, Santander, HSBC and IP Group.

Seedrs, serving as the funder partner, will provide opportunities for programme participants to raise capital and build communities through equity crowdfunding.

Selected businesses will receive up to 3 years of support, including coaching and mentoring from a group of experienced entrepreneurs, access to professional advisory services to overcome typical growth challenges, a series of management development masterclasses and networking and trading opportunities through a high growth foundation.

David Notley, managing director of Impact Innovation, said: “We are very pleased to be working with Seedrs to deliver the game-changing Accelerated Growth Programme to high-growth Welsh companies.

“Seedrs is the leading crowdfunding platform in Europe. It has funded hundreds of ambitious, growth focused businesses across many sectors throughout Europe, and we are delighted to offer our businesses the benefits of such a professional approach to crowdfunding to raise the capital they need to grow.”

Jeff Lynn, CEO and co-founder of Seedrs, said: “It is a great honour for Seedrs to have been selected as a partner in the Welsh Government’s Accelerated Growth Programme.

“We are particularly pleased to be working together with Impact Innovation, which is an experienced, highly professional organisation with a strong track record of supporting the Welsh growth business community. We are delighted to partner with them to support the ambitions of Welsh growth focused businesses.”

Image credit: Simon Cunningham/Flickr