Welsh ICE launches new funding programme

Welsh ICE, an innovation centre based in Caerphilly, is inviting startups and entrepreneurs to apply for its next round of funded spaces.

The funding, delivered through the ICE 50 programme, provides businesses with a structured route to sustainability while creating jobs and boosting the Welsh economy.

Successful applicants receive full-time desk space, a tailored mentoring programme, creative workshops, telephone and high-speed internet access, and one-to-one support over 12 months.

Campus Director Jamie McGowan said: “The ICE 50 is our flagship support model, giving businesses a home, along with the support they need to get their enterprises off the ground.

“This support, and the unique community at ICE, has meant that more than 77% of businesses that start at ICE go on to survive for three or more years – higher than the UK average of 61%.

“With the support of our partners at Business Wales, we are excited to launch the next cohort of ICE 50 and are looking forward to welcoming the next generation of founders to visit our newly renovated community space on Campus.”

This announcement comes as Welsh ICE was recently selected to deliver one of four regional enterprise hubs, supporting the South East Wales Valleys region. Since launching in 2013, businesses based at the centre have contributed £53 million to Wales’ economy.

Economy Secretary Ken Skates said: “I’ve seen first-hand how ICE 50 can help budding businesses and would encourage anyone who thinks it might prove beneficial to them to apply and see whether they too can benefit.

“As one of the five hubs across Wales supporting new start and early-stage businesses with flexible coworking space and business support, ICE is a great example of how Welsh Government and partners are helping make good their commitment to supporting innovation and entrepreneurship when it is most needed.

“I hope to see ICE 50 continue to go from strength to strength, delivering support across a range of locations, and am encouraged to see the work already being done to engage with entrepreneurs across the South East Wales Valleys as part of their outreach programme.”