Entrepreneurs set to profit from accelerator programme

Entrepreneurs set to profit from accelerator programme

l-r: Steven Waterman, Lexoral; Yuru Guo, Hey! Meals is Prepared; Leon Howe, DCI; Archie Sidwell, Fitovol; Emma Robertson, Uncommon Rockets and Charlie Gregg, Maintain MealsA group of seven entrepreneurs will profit from an incubator programme designed to speed up the expansion of fledgling companies in County Durham.

Durham Metropolis Incubator (DCI) helps launch start-ups with excessive progress potential, in addition to bold native companies which were buying and selling for lower than 12 months.

It’s a joint programme between Durham College, New School Durham and Enterprise Durham as a part of efforts to develop and nurture the native economic system in County Durham.

Since being arrange in 2018, it has supported 47 entrepreneurs to flourish within the county.

Every enterprise will profit from a £2,500 grant in addition to six months of intensive coaching to make sure they’re prepared for the subsequent stage of progress. Moreover, the corporate’s can profit from a £7,500 mortgage from the Finance Durham Fund, established by Durham County Council and managed by Maven Capital Companions.

The businesses within the newest cohort are Audemic, Maintain Meals, Egeria, Hey! Meals is Prepared, Popliv Digital, Lexoral and Uncommon Rockets.

Sarah Slaven, managing director at Enterprise Durham, stated: “We’re delighted to be welcoming the seventh cohort of bold new entrepreneurs to the Durham Metropolis Incubator programme. It’s extremely thrilling to play a task in supporting these revolutionary new companies as they develop and thrive.”

She added: “With the help of Enterprise Durham and our companions via this profitable programme, entrepreneurs can acquire the talents they should launch a profitable enterprise with plans for progress. This in flip can assist create jobs, appeal to funding and help the native economic system not solely in County Durham, however the North East as an entire.”

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