7 December 2005
In line with the increasing popularity of the BBC's Dragons Den, TEChINVEST has hosted the first in what is scheduled to become a series of one-day events on sources of business funding.
Aimed at would-be investors and active entrepreneurs throughout the Northwest, the highly successful event gave expert advice on raising funds for business start-ups and expansion.
Business advisers, private investors and entrepreneurs who have successfully raised equity finance in the region, all spoke on the day to demonstrate 'real life' success stories, and how accessible funds are for local businesses with growth potential.
Attendees even got the chance to make a brief elevator pitch to help them prepare for when they enter their own version of the 'dragons den.'
Founder of TEChINVEST, Vivienne Upcott-Gill comments: "The event proved to be a huge success, with around 100 companies attending. Around a third of these companies have since approached TEChINVEST for expert help on raising finance. We have also received a significant number of enquiries from private investors keen to get involved in the growing business angel network.
"Hosting the event was an ideal way to illustrate to entrepreneurs the importance of getting expert advice before stepping into the 'Dragon's Den' and to consider raising investment from what is available in the region.
"TEChINVEST is set up to help prepare entrepreneurs before they are introduced to investors so that, unlike the participants in 'Dragon's Den', they don't run the risk of being eaten alive!"
The Northwest Regional Development Agency's (NWDA) TEChINVEST is widely recognised as one of the most successful investment advisory services and business angel networks in the country.
Since its launch in 1993, over £19 million has been invested in amounts between £5,000 and £500,000 in TEChINVEST client companies. Its success rate of 1:2.5 is reputed to be one of the highest in the UK. As a result of that investment, client companies have been able to raise a further £38 million in additional finance from commercial sources such as banks, grant agencies and venture capital funds.
For further information or to receive a comprehensive information pack, please contact TEChINVEST at the Northwest Regional Development Agency, Renaissance House, PO Box 37, Centre Park, Warrington, WA1 1XB, telephone 01925 400301/2/3, fax 01925 446424 or email http://TEChINVEST@nwda.co.uk.
Press contact: Deborah Garritty @ Bell Pottinger North
+ 44 (1625) 506444