Welsh tech entrepreneurs showcase their ideas at Google Campus
Several Welsh entrepreneurs are looking to launch their tech businesses after pitching and showcasing at Google Campus last Friday.
They were taking part in the final stage of IdeasFund, a tech accelerator fund set up by the founders of TechHub Swansea. In all, 7 companies pitched.
The business minds spoke in front of industry experts and potential investors on June 24th, and have already received £10K each to kick-start their ideas.
A number of world-class mentors have been supporting the start-ups on their two-month journey, including Just Eat founder David Buttress, New Look chief Tom Singh, entrepreneur Bev Hurley and Matt Jones of Google Creative Lab.
Ideas pitched include a mortgage comparision tool, an app for hotel management and bookings, and an interactive GP service called Go2GP.
It appears to be the big winner, having already signed up 1000 paying customers and raised £100K in seed investment from two of the mentors on the programme, Daniel McPherson and Tom Singh.
Overall, the seven start-ups to reach the final of the fund are: Go2GP; The Booking Factory; RateSwitch; Cut A Deal; Disberse; TAXO’d; and doopoll. They recently held a showcase at tech conference Digital 2016, which took took place at the start of the month.
Matt Warren, a fellow director of TechHub Swansea with Tim Morgan and Paul Harwood, said: “We set out to find amazing teams or individuals with tech ideas in Wales or prepared to base themselves here, and take them through to growth. Getting in front of investors has been a crucial part of this process.
“We are grateful to Welsh Government and the University of Wales Trinity Saint David for their support. Ideas fund has been a massive success, with the teams able to launch products and get customers within two months with limited funds.
“We now want to expand ideas fund to having two cohorts a year, with 10 teams in each, creating 20 high growth tech companies every year in Wales.”