London-based firm Digital Shoreditch, together with different partners has launched the Million Pound Startup competition offering any start-up from around the world one million pounds in investment funding.
London-based firm Digital Shoreditch, together with different partners has launched the Million Pound Startup competition offering any start-up from around the world one million pounds in investment funding.
The £1 million pound competition for any start-up from around the world to come to London and set up its headquarters has attracted hundreds of companies. With just two weeks left for the entry deadline, applications have been received from over 51 countries and 169 cities. 18 Indian companies across sectors have also entered the competition.
The most popular innovations and disruptive technologies have come from the field of mobile applications, computer networking and Internet software. From India, Clarencetech specialising in mobile payments solution providing mobile payments over IVR has entered the competition.
Million Pound Start-up is the first global contest offering £1 million equity investment and the support from Seedrs, KPMG, City of London, London & Partners, City University London, Taylor Wessing, Digital Shoreditch, Ketchum, Playgen, School for Startups, and London First.
Headquartered in London the goal is to propel the winner into a £100 million company within five years. The winner will receive business support encompassing finance, tax, legal, office and marketing support.
Unsurprisingly the high-technology sector is the most widely represented but applications are exceptionally wide ranging covering everything from geomapping and streaming, to enterprise software and telecommunications. The closing deadline for Million Pound Start-up entries is August 31, 2013.
Kam Star, Founder of Digital Shoreditch and leading the Million Pound Start-up competition said, “The Million Pound Start-up competition has brought in a wave of innovative technology companies not just because of the financial investment, but because of the support package from London’s greatest organisations. Start-ups need more than capital, they need serious connections to help them succeed, and that is what the contest offers.”
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