A free scheme to help North Yorkshire businesses get ready for investment has been launched.
The York & North Yorkshire Growth Hub is working on the North Yorkshire Stars’ pilot project in partnership with Lifted Ventures.
The initiative aims to get start-ups and early-stage businesses ready for investment. It offers a pathway to pitch ideas and attract angel investment.
The programme is a fully funded 12-hour support initiative, consisting of in-person and virtual events and workshops.
Open to all sectors, the pilot project aims to support diversity and founders from all backgrounds.
Lifted Ventures, co-founded by Helen Oldham and Jordan Dargue, says it exists to increase the flow of early-stage capital for diverse founders outside London.
“As North Yorkshire Stars takes flight, we want to ensure that every business owner, with their unique vision and background, has a place to shine and thrive,” said Helen.
Lifted Ventures will guide participants through the process of making their businesses investment ready.
This includes specialist advice and finishes with in a unique opportunity to pitch to seasoned investors.
The programme covers several key aspects for investment readiness. These include developing business plans, exploring options for funding, preparing financial projections, legal considerations, support structures, and governance.
One-to-one coaching sessions will help refine this and prepare for investor meetings. The programme concludes with the opportunity to present to a panel of angel investors, featuring Q&A sessions and valuable feedback.
The goals of the project include introducing businesses to local investors, directly preparing them for investment, and boosting angel investment in North Yorkshire.
Simon Middleton, delivery manager for the growth hub, said: “I’m really pleased to be working with Lifted Ventures to deliver this first of its kind programme in North Yorkshire.
“If you’re a business owner and you want to raise finance but you’re unsure where to go or what information you should prepare, these workshops are for you. We look forward to hearing from you.”
Businesses can find out more about the programme at the launch event on January 31, when applications will open.
To sign up, visit ynygrowthhub.com/events.