Investing in Startups of the future!

Twenty one students and graduates were put through their paces during the nest startup funding pitches this month.

The nest team support students and graduates looking to start or further develop their own businesses.

Having secured seed funding from Santander Universities and HEIF, nest set out to find the startups of the future.

Students and graduates had the opportunity to apply for up to £750 if they were at the idea stage and up to £3,000 if they were ready to develop their idea further and scale up their business.

The nest team had the difficult task of selecting just twenty one students/graduates out of the staggering seventy seven applications they received to pitch in front of a ‘Dragon’s Den’ style panel. Applications came from students and graduates studying in all five faculties of the University.

Four days of pitches commenced with guest panel members joining the team to offer their expert advice and support.

Nick Davies, Deputy Relationships Director at Santander Universities joined the panel on the third day of pitches and commented “What a fantastic day I had listening to your students pitch for funding, they were excellent.”

The quality of the pitches was extremely high. All of the applicants demonstrated their passion and desire to develop their startups

Ideas ranged from a bespoke lingerie company to aquaponics, a video production company to wearable tech, online retailers to a cosmetic tattooist. The range of ideas was vast.

At the end of the week sixteen startups were successfully approved for funding. Ongoing support for all applicants will be provided by the nest team.

“I can’t wait to see what the startups are able to achieve. Providing this seed funding not only helps them move their business ideas forward but also reinforces the confidence we have in them to succeed”. Carley Hawkins, Enterprise Events Coordinator, nest.

Over £25,000 was invested during the funding pitches. Further funds will be available later in the year for students and graduates who complete nest’s Social Startup programme developing social enterprises and additional funding will be invested into high growth startups identified by nest.

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