Entrepreneurial Spark provides £2m boost to Birmingham start-ups

Entrepreneurial Spark provides £2m boost to Birmingham start-ups

Entrepreneurial Spark is celebrating after its first year in Birmingham ended as a resounding success creating 143 jobs and helping its entrepreneurs turnover £2m.

Entrepreneurial Spark opened its first hatchery in Birmingham in February alongside NatWest and KPMG to help local entrepreneurs develop and grow their businesses.

Since then the business accelerator programme has helped entrepreneurs in the hatchery raise over £396,000 in investment, secure multi-million pound contracts, and master their 60 second pitch.

Jim Duffy, founder and chief executive optimist at Entrepreneurial Spark, said: “I am delighted by the successes to date in Birmingham, and have thoroughly enjoyed getting to know the start-ups and becoming more involved in the business community across the city.

“We have found that Birmingham has the youngest average chiclet age across all UK hatcheries, at just 35 years old, so it’s fantastic to see entrepreneurs in the city bucking the trend of starting their own business later in life and instead choosing to pave their own career path from the outset.

“There have been some incredible results from the chiclets on board the programme to date, and I can’t wait to see what the new entrepreneurs who join us this month will go on to achieve.”

At the beginning of this month, a further 80 entrepreneurs hoping to follow in the footsteps of the previous chiclets joined the programme in Birmingham.

The Entrepreneurial Spark team will be hoping to build on last year’s success with its latest intake of entrepreneurs.