Startup pitching events narrow the funding gap for local founders
Startup consulting business founded is set to relaunch startup pitching event PitchIt! under the banner of pitch, with their inaugural startup pitching event taking place on April 7, 2021.
Founded have partnered with Bixteth Partners, a boutique advisory firm specialising in capital introduction, management advisory and research, and Continent 8 Technologies to connect entrepreneurs, investors and lenders both within and beyond the Isle of Man. A member of the UK Business Angels Association, the trade body for Angel and early stage investing, founded will host Roderick Beer, Managing Director of the UK Business Angels Association, who’ll join the event to provide further information about the UK funding landscape.
The Isle of Man company’s network extends internationally via the most connected startup community in the world, Startup Grind, whose Isle of Man Chapter connects into investors in Startup Grind’s 600 other startup communities around the world, ran locally by Alex Wilson, Marketing Specialist, and Katie Nicholson, Director of Petra Consulting and the former manager of the business accelerator and investment network Bridge Angel Network, which resulted in £2m of angel investment from May 2016 – May 2019.
Business pitchers billed for the April 7 event breathe fresh life into the Isle of Man’s entrepreneur economy, ranging from Music Miles (musicmilesrewards.com), the world’s first true loyalty program for music, to Lemonade Dolls (lemonadedolls.com), the UK’s first subscription underwear brand selling on ASOS as well as in New Look and Topshop. Local exports include Monet Money, the first of its kind cashflow platform developed for the rapidly expanding Creator Economy and revenue-based investors, and welbee (welbee.co.uk), the software platform promoting school staff wellbeing utilised in 200 UK schools including the Isle of Man’s secondary school network. Completing the line-up are K-Safe whose app-based product Busby.io (busby.io) improves road safety for vulnerable road users, global food delivery couriers, e-scooter and retail stores riders and customers.
Katie Nicholson commented: “Angel investors are the most significant source of equity investment in start-up and early stage businesses seeking to grow, also providing ‘smart capital’, alongside equity finance, as they bring business experience, strategic advice and networking opportunities. I’m delighted that founded are launching a new series of entrepreneur and investor pitch events. It is well recognised that access to finance for early-stage and growth businesses is inconsistent across the UK, with uneven local and regional distribution. A great deal of work is being done in the Northern regions and we hope to contribute to that, whilst providing local investors access to high-quality deal flow and entrepreneurs the support to start, scale and grow”.
Alex Wilson added: “The Isle of Man entrepreneurship ecosystem has been lacking entrepreneurship education, events and mentoring and sources of financing, key aspects to growing and attracting startups to our shores. Startup Grind Isle of Man has promoted founder knowledge share through fireside chat events and workshops, and now founded will go some way to address the funding gap by creating opportunities for angel investors, VCs, startups and early-stage businesses to connect on common ground”.
Pitch is open to beginners and seasoned investors, startup founders and investor-ready business owners, with the inaugural event taking place on 7 April, from 18:00 – 19:15 via Zoom. Pre-registration is essential via founded.im, where further information on the aforementioned startup pitchers can be found.tart