Pioneers in the running
TWO Huntingdonshire companies are among the 50 shortlisted for the East of England Development Agency s (EEDA) Running the gauntlet 2007 competition to win equity funding to develop products and ideas. iOTA Sphere Ltd, of Ramsey, and V-Scratch Ltd, of
TWO Huntingdonshire companies are among the 50 shortlisted for the East of England Development Agency's (EEDA) "Running the gauntlet 2007" competition to win equity funding to develop products and ideas.
iOTA Sphere Ltd, of Ramsey, and V-Scratch Ltd, of Abbots Ripton, have the chance to refine their financial and business presentation techniques with two of the competition's commercial partners, HSBC and Mudhut Communication.
This will be crucial preparation for their pitch to investors and forms part of the education programme that lies at the heart of Running the gauntlet, EEDA says.
iOTA has developed a SMS-style mobile phone browser for content download, while V-Scratch's new idea will create a media advertising channel capable of being used on any digital transmission platform.
You may also want to watch:
MP Barbara Follett, Minister for the East of England, said: "This combination of education and financial incentive is exactly what helps entrepreneurs get on the ladder to business success."
Ten finalists will be announced on October 9. They will then be open to greater scrutiny from the investors ahead of EEDA's Destination Growth event on November 6, where investment plans will be revealed.
Most Read
- 1 Numerous Huntingdon High Street shops shut due to flooding
- 2 Shocks all round as police pull over 'white van man'
- 3 Seven men jailed for stealing bikes worth £70k
- 4 Man who burgled his own father’s home is sentenced
- 5 Father-of-five murdered due to 'drug deal dispute gone wrong'
- 6 Axe seized and two people charged for drink driving in St Ives
- 7 'Trolley waits' hit high for trust that oversees Hinchingbrooke Hospital
- 8 Man charged after knife found in St Neots police raid
- 9 WATCH: Flying Scotsman steams through Cambridgeshire Fens
- 10 Diners at St Ives pub help raise £8k for hospitality charity
Doug Richard, chairman of the investors' panel, said: "Small businesses driven by gutsy entrepreneurs lie at the heart of a successful economy.
