capital enterprise on startup growth in the uk
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Introduction- “Sunshine breaks through the clouds……”John Spindler CEO of Capital Enterprise
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Welcome
Agenda
Support for Growth (Government)Growth Opportunities/Models
Introducing Supporters for growth
Financing Growth (investors and entrepreneurs)
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Coalition Government Support for SME’s
• No Business Link/RDA’s• No to government funded
professional “Face-To Face” Support
• No Direct support for start-ups (unless long term unemployed)
• No to new investment/credit institutions
• No to private sector led job creation schemes in London
( But there is the EU funding & support)
• Yes to using/supporting Banks & Big Business to increase investments
• Yes to volunteer mentors• Yes to incentivising businesses to
employ young people.• Yes to limited Export support. • Yes to incentives for Innovation &
R&D (TSB/ERDF/Tax Credits)• Yes for Tax Incentives for Angel
investors• Yes to support for the 6% high
growth small businesses
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Top 10 Government funded schemes
1. R&D Tax Credits- 200%+ tax refunds on eligible R & D expenditure. 2. British Library (IP Support)- Advice & Guidance on IP related issues3. Enterprise Investment Scheme- Investors receive 30% tax brake incentive to invest in SME’s4. London ERDF Programmes 40+ Programmes provided mainly by Capital Enterprise members to support SME’s with “Innovation, Access to Finance /New Markets” challenges –
HELO- Students from UCL/LBS to carry out projectsSMILE- Volunteers mentors for SME’sAccess to Finance – 1-2-1 support with Business Planning/ fund raising. (contact [email protected] for details)
5. Technology Strategy Board- Proof of Concept Funding. 6. Technology Strategy Board ( Competition Funding) - http://www.innovateuk.org 7. Funding for University- SME R&D collaborations- Latest news go here. 8. NESTA- Information/Competitions/Funding www.nesta.org.uk 9. Capital 4 Enterprise- Regional Government Co-Investment Equity funds. 10. Passport to Export- Intensive support and funding for exporters.
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• Business Coaching for Growth launch. • Increasing the incentives for investors through EIS• Credit Easing- £20b to support banks to give cheaper loans
from the banks• Exemptions from employment regulations for SME’s• New Recruitment/Employment incentives.
Key Government Message to Businesses: Please Grow
New Government Initiatives Autumn Statement
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I am definitely Growing?
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Growth Pulls & Drivers
• Growth Pulls: Where is new technology/ customer behaviour creating new needs/ new market space that new businesses can exploit?
• Growth Drivers- Who will capture that “space” using what value propositions and what strategies?
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Lessons from the Next Big Thing?
• Examine Case Studies/ Examples of high growth companies e.g. Masabi
• Look at the best Strategies for exponential growth (Viral, Surf, Channel Explosion & Stickiness)
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Got what it takes to Grow?
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Enablers- Accelerators
Example Accelerators• Goldman Sachs – 10,000
Small Businesses.• Seedcamp• Accelerator Academy
Feeders into Accelerators • The Business Bootcamp
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Enablers- Incubators
• Independent- Innovation Warehouse/ Trampery- Tech Hub etc
• Corporate
• The Americans are there way
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Enablers- Coaches & MentorsNew Programme : Business Coaching for Growth
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Enablers- Angels/ VC’s/ CV’s
• Angels- BBAA
• VC’s- M8Capital + others
• Corporate Venturer- Vodafone & Telefonica
• Crowdfunders-
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Contact us for more information or to arrange a follow up meeting
020 7 679 459807968 470901