By Daniel Hunter
Leading equity crowdfunding platform Seedrs announced today that it has been selected as a strategic partner to support the Welsh Government's Accelerated Growth Programme (AGP).
Backed by the European Regional Development Fund, the AGP is a new £20m, six-year business support programme aimed at high growth companies. The programme aims to work with 1,000 ambitious, export orientated businesses based in Wales.
Newport-based Impact Innovations, in consortium with Manchester-based Winning Pitch, will take the lead in delivering the AGP together with several key partners. Seedrs will serve as the funding partner and will work to provide opportunities for programme participants to raise capital and build community through equity crowdfunding. Other partners in the programme include KPMG, Santander, HSBC and IP Group.
Businesses selected for the AGP will will receive up to 3 years support based around coaching and mentoring from a group of experienced entrepreneurs, access to professional advisory services to overcome typical growth challenges, a series of management development master classes and networking and trading opportunities through a high growth foundation.
David Notley, Managing Director of Impact Innovation, said: “We are very pleased to be working with Seedrs to deliver the game-changing Accelerated Growth Programme to high-growth Welsh companies. Seedrs is the leading crowdfunding platform in Europe. They have funded hundreds of ambitious, growth focused businesses across many sectors throughout Europe, and we are delighted to offer our businesses the benefits of such a professional approach to crowdfunding to raise the capital they need to grow.”
Jeff Lynn, CEO and Co-Founder of Seedrs said: “It is a great honour for Seedrs to have been selected as a partner in the Welsh Government's Accelerated Growth Programme. We are particularly pleased to be working together with Impact Innovation, which is an experienced, highly professional organisation with a strong track record of supporting the Welsh growth business community. We are delighted to partner with them to support the ambitions of Welsh growth focused businesses.”