University encourages startup firms to gain funding

Fri 8 November 2019, 1:19 pm

The University of West London is encouraging startup businesses in the region to apply for funding from a scheme that backs UK entrepreneurs.

Launched by in partnership with investment promoters Worth Capital, the Start-Up Series is the UK’s largest ever seed funding competition.

Every month it gives one startup the chance to receive investment of up to £250,000 through an online application process.

A startup that has benefitted from the scheme is VeeLoop, which is an online payment method for teenagers and families that started life at the University of West London’s Westmont Enterprise Hub.

The hub helps startups and entrepreneurs to grow their business providing technical help, office space and aiding in attracting funding.

Stephen Fry, executive director of the hub, said: “We exist to back brilliant business ideas, whether that’s among our own students or out in the wider London community. No matter how great your idea, it can be hard to get it off the ground and we help to fill in those gaps in expertise.

“One major area of difficulty is raising funds so with funding competitions like this on offer we can help our hub members to apply for investments of up to £250,000. We are delighted to be working with Worth Capital and and wish all our hub users the best of luck.”

More information on the scheme is available here:

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