£50k up for grabs at tech pitch event
Innovators from across Wales are being given the chance to secure up to £50,000 of investment at a new pitch event.
BeTheSpark and Inspire Wales are joining forces to run Pitch It, which will take place on October 17th at Cardiff Metropolitan University.
The event will attract people and organisations from a range of areas, including academia, risk capital and business. It’ll offer seed rounds of between £10,000 and £50,000.
Matt Wakerley, fund manager of investment consortium Inspire Wales, said the aim of the event is to support the country’s most innovative companies and entrepreneurs.
“Inspire Wales are aiming to make the investment landscape more accessible to SME’s. Innovation-driven entrepreneurship is at the heart of our fund and Pitch It is a unique and exciting way we can support SME’s to increase their pace of growth within Wales,” he said.
“We are thrilled to be leading the way with this event and in doing so we can continue to foster BeTheSpark’s vision of creating a more visible, simple and connected entrepreneurial ecosystem within Wales for everyone. We hope this event will be the first of many” added Matt Wakerley, Fund Manager, Inspire Wales.”
During the event, five entrepreneurs will pitch to a panel of judges, although names are yet to be confirmed. They’ll provide not only a cash injection, but also advice and expertise.
Participants will be given ten minutes to make a case for their companies, before taking part in a live panel Q&A. The judges will then provide feedback and decide if they’re going to invest in them.
Steve Aicheler, entrepreneurship engagement manager at Cardiff Metropolitan University, added: “Cardiff Met are pleased to be involved with and host the ‘Pitch It’ event at our Llandaff campus.
“This is the first event of its kind to be held in Wales and offers a unique opportunity for entrepreneurs to gain investment from top business leaders on the spot.
“Cardiff Met actively supports and encourages innovation and entrepreneurship through our dedicated Centre for Entrepreneurship. A team of specialist advisors is on hand to offer one-to-one support and mentoring for students and graduates who are interested in starting a business.
“We run a wide range of activities throughout the year and attempt to guide individuals through the various stages of business planning and funding options for new start-up businesses.”