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Pitch your business idea to win £1,000 at Somerset SOUP!

21st June 2017

Categories: Latest News

Budding entrepreneurs in Somerset looking to set up a business or who have been trading for less than a year are being asked to step up to the microphone to give their business a boost.

Somerset SOUP is a great opportunity for all start ups to pitch their ideas to a business audience, gain valuable feedback and win £1000 in memberships and business support.

As a pitcher you will compete against others whilst gaining essential business insight, investment and brand awareness for your company.

Ges Green, Somerset Enterprise Centres Manager, said: “We are looking for entrepreneurs to come forward, pitch their business idea and win a fantastic package. The winning business will take away a prize worth a minimum of £1,000 including cash, business support, software and promotion. This is a crowd funding event which asks every member of the audience to vote, with the winning business taking the ticket proceeds from the event. It also gives the winner increased business exposure with an expected audience of around 60 business professionals.

“SOUP events are a fantastic opportunity to network whilst supporting new enterprise. We are excited to be working in partnership with the Chamber of Commerce and Albert Goodman to bring this event to Somerset. The concept is great and it gives new businesses the opportunity to raise funds and gain visibility to launch their business idea.”

As well as a cash injection, the winning business will receive a package of business support and advice, provided through one to one business support and mentoring, and access to a range of workshops and events.  The winner will be able to access incubation space in any of the Somerset Enterprise Centres (where available), free of charge for 12 months and a year’s free membership of the Somerset Chamber of Commerce, to help them develop their business and raise their profile. In addition to this, Albert Goodman will provide free subscription to a cloud accounting package for one year.

Cllr David Hall, Cabinet member for Resources and Economic Development, said: “Getting a business off the ground can be daunting and peer support can be priceless. This is a great opportunity to bounce ideas off people who have already been through that difficult experience, as well as making some new contacts that could make all the difference.

“A vibrant economy is critical to the long-term future of the county and I’m delighted that space in one of our Enterprise Centres is part of the incentive. Our five centres are already supporting businesses employing more than 100 people in total and we’d relish playing a part in getting more new ventures going.”

Gavin Eddy, a successful entrepreneur himself will compere the SOUP event. Gavin is the Founder and CEO of two successful companies: Forward Space (forwardspace.co.uk) a managed workspace company providing shared workspace to start-up and emerging businesses and Coherent (coherent.work) a tech business which has developed a SAAS (Software as a Service) platform for managing workspace and connecting co-workers.

Gavin works closely with the University of Bath’s entrepreneurship programme and is a former Business Mentor of the Year.  He continues to invest in early stage businesses and manages a portfolio of companies within the property, food and drink and technology sectors.

The event takes place at the Creative Innovation Centre CIC, Taunton on Wednesday 20th September, with networking starting at 12 noon.

Register your business idea at SOUP before 14th July or book tickets by visiting www.somerset-enterprise-centres.co.uk/soup  

Deadline for applications close on Friday 14 July.

For more information contact Somerset Enterprise Centres on 01278 550250.

Ends

Notes to editors:

SOUP is an international crowd funding phenomenon that brings communities together to raise small-scale investment to kick-start new businesses or ideas.

The concept is simple – come along, pay for a bowl of soup, and listen to four investment-hungry businesses pitch their idea.

Attendees then have their say by voting with their spoons for the idea which is most deserving of investment. The business with the most votes gets the takings from the event plus a package of support.

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