Over a dozen Manchester tech start-ups recently attended the latest in a series of Manchester Tech Trust (MTT) free business advice sessions.
Hosted by Manchester Science Partnerships, the half-day event featured a range of business mentors - including Talk Talk founder and MTT chairman Neil McArthur; George Bettany of tech accelerator Ignite; Ian Currie of investment management company Seneca Partners; Steve Strickland-Wright of digital development business Cake Solutions; Guy Weaver of KPMG and MTT chief executive Peter Lusty – who all gave up their time to help a diverse range of early stage companies.
Participating entrepreneurs were required to present a short summary about their business including a company overview, revenue model and size of market, team, growth targets and challenges.
MTT’s panel of experts then provided individual feedback, advice, guidance and potential investor contacts.
Feedback from participants was overwhelmingly positive:
“It was great to talk to experts about where we are up to as a business and get positive feedback. I was also given really practical advice as to how to take our proposition to the next stage, and was encouraged to keep in touch with the mentors our business progresses. I also was introduced to a potential customer, and made other good connections which could help us grow.
“I think events like this show how Manchester Tech Trust could have a real impact on the city’s start-ups as it brings together early-stage companies, who need guidance, with experienced entrepreneurs who really want to help and are happy to share their invaluable insights.” Adam Barker, CEO, Magna, www.magna.uk.com
"We wanted to get advice on raising finance for a start-up, we were given some great insights into how VC's and Angels think and exactly what they're looking for. We are now able to reposition our offering to attract the right investors."
Abdul Alim, Co-Founder, OfferMoments http://www.offermoments.co.uk/
“After a year spent on the Manchester investment treadmill I realised I needed to try and access international funding, especially from the US. Within 24 hours after meeting with KPMG’s Guy Weaver at the MTT event I had been introduced to a US fund body in Atlanta, and have now arranged a meeting with the one of their fund representatives to pursue the opportunity further. The event has therefore clearly initiated value-added benefits for our business.” Steve Bookbinder, Intelligent Development, www.intelligentdev.com
“It’s a wonderful thing that MTT is doing.” James Brooke, Northcoders https://northcoders.com/
MTT’s Neil McArthur said: “We had another enthusiastic group of start-ups attend the session who really appreciated getting advice and guidance from people that have already been through the challenge of starting a successful business themselves.
“The diversity of sectors which were represented on the day is also a testament to how Manchester’s tech scene is rapidly evolving and expanding, and it’s fantastic that the Manchester Tech Trust is able to play a hands-on role in helping to nurture and shape its continued growth in such a positive and pragmatic way.”
To get a flavour of the MTT advice session format and content you can watch a short film capturing a previous event here http://goo.gl/I6lQlF