Dragons' Den, south-west style
Press release issued: 10 July 2008
Leading local technology companies from the University of Bristol’s SETsquared Business Acceleration Centre, which supports start-up businesses, pitched their work to potential investors at a Dragons' Den-style event in Bristol on Tuesday 8 July. The audience of investors voted using four $25,000 ‘south-west' dollar billls.
Leading local technology companies from the University of Bristol’s SETsquared Business Acceleration Centre, which supports start-up businesses, pitched their work to potential investors at a Dragons' Den-style event in Goldeney Hall, Bristol on Tuesday 8 July. The event was sponsored by South West Angel and Investor Network (SWAIN), HSBC and Ernst & Young.
Six companies had just 90 seconds each to pitch their business to an audience of investors who voted for the best one using four $25,000 ‘south-west' dollar billls. Phillip Tellwright, network director of SWAIN, introduced the pitches and asked the audience to vote with their ‘dollars’.
Null Hypothesis won the top prize of £250 and the HSBC trophy. Null Hypothesis is an award-winning science portal that has attracted a large online audience and resulted in collaborations with the Daily Telegraph, BBC Radio, the South West Regional Development Authority and the Institute of Publishing.
Andrew Impey, spokesperson for Null Hypothesis said,
‘This was a great chance for us to highlight our key strengths – as our company continues to grow, it is vital to look towards further investment.’
Phillip Tellwright of SWAIN added,
The garden party also showcased 14 ventures supported by the SETsquared Centre, including six that have ‘graduated’ from the centre. These included XMOS and MyBuilder.com, both of which have recently raised significant investments.
‘The annual SETsquared Garden Party is an opportunity for local early-stage companies to showcase to prospective investors and network with mentors and other businesses at a similar development stage.’
Other SETsquared companies at the event included Tidal Generation Ltd, which has secured a 23% stake by Rolls Royce, and Gnodal Ltd which has received seed funding of £1.1 million.
Nick Sturge, SETsquared centre director commented,
Dr Neil Bradshaw, a director of the SETsquared Partnership, added,
‘In the current economic climate, getting deals like Gnodal and Tidal Generation is a real achievement and typical of the quality of companies that we are working with.’
‘The quality and diversity of the companies who exhibit every year makes this event an important resource to those wishing to invest.’
- The competing companies were Auriga Energy, DocCom Solutions, Inter Range Golf, Null Hypothesis, Overlay Media and Pure Ability.
- The exhibiting companies were Fixel, Learning Science, and Xintronix.
- For further information contact Sadia Rooney, Marketing and Communications Manager, Enterprise & Development, tel. 0117 928 8676 or email firstname.lastname@example.org or Nick Sturge, Centre Director, SETsquared Business Acceleration Centre, tel. 07973 361 179 or email email@example.com.