Simon Bond, innovation director at SETsquared
The programme is proving to be an invaluable springboard for entrepreneurs and start-ups after a number of its members secured investment.
SETsquared Surrey’s Digital Business Acceleration Hubs (DBAH) programme is proving to be a huge hit among entrepreneurs and start-ups.
The programme, a major £2.4m business acceleration initiative funded by the European Regional Development Funding (ERDF) and supported by the Enterprise M3 Local Enterprise Partnership, comprises four acceleration hubs based in Guildford, Woking, Basingstoke and Farnborough.
Targeting digital SMEs, tech start-ups and entrepreneurs, the programme offers an intense two-day stress test of the business with over 200 companies attending in its first year. The most promising are offered business support, mentoring and given the opportunity to pitch for investment.
In November 2017, four DBAH companies pitched for investment at Surrey 100, the University of Surrey and SETsquared Surrey’s Angel Investment Network. Then, in December 2017, seven of the 20 tech pioneers pitching for £20m of investment at SETsquared’s annual Accelerating Growth Investment Showcase event were from SETsquared Surrey’s DBAH programme.
Gary Smith, hub manager at SETsquared Digital Hubs in Woking and Farnborough, said: “We’re delighted that the DBAH programme is having such a positive impact on the EM3 Digital technology sector. We’re so pleased for the companies that have joined us on the programme and have used it to help develop their business ideas, find new customers and secure investment. We look forward to continuing to support them on the next leg of their journey.”
DBAH’s recent success stories include:
Oana Jinga, co-founder and CMO at BotsAndUs, added: “From working with us on our pitch and business plan, to helping us realise our idea of making robots everyone’s reality, we’re really appreciative of the amazing support from SETsquared.”
Over the last 15 years SETsquared has helped more than 1,500 businesses raise over £1.25bn in investment, as well as contributing over £3.8bn in GVA (Gross Value Added) to the UK economy with £8.6bn GVA estimated over the next decade – figures that contributed to it being named by UBI Global as the top university business incubator in the world.
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