INSIGHTS / News

From left to right: Cariern Clement-Pascall; VONCRANK, Monika Radclyffe; Chair of SETsquared Business Acceleration Centres Group, Matt Evans; Azul Optics, Dr Mitra Najafi; Pplus Skin Care

UK entrepreneurs behind high-growth potential technology companies gathered in London yesterday to pitch for a combined £18m to an audience of investors at SETsquared’s annual Accelerating Growth Investment Showcase.

Running for the past 14 years, SETsquared’s Investment Showcase has become a huge success; attracting hundreds of investors, seasoned entrepreneurs, corporate investors and VCs all looking to invest in companies with the potential to become the tech giants of tomorrow.

The 20 start-ups looking for investment have all received mentoring and support from SETsquared, and were seeking financial backing, ranging between £150k and £5m, from an audience of more than 100 investors and corporates. Already, the total raised by companies who have previously participated exceeds £100m.

Of the 20 companies pitching this year, eight have female founders, the largest number in the event’s history.

Monika Radclyffe, chair of the SETsquared Business Acceleration Centre Group, said:

“We work with some amazing entrepreneurs and start-ups and this event is our way of getting them in front of investors and business experts who could really help to develop these ventures and take them forward.

“The companies participating this year have all put a tremendous amount of effort into getting their businesses investment ready and their pitches attractive to potential investors.”

Andrew Mulvenna, VC investor at AV8 Ventures, added:

“I was really impressed by the pitches I saw. The quality, clarity and passion of the propositions being presented really shone through, which is vitally important for any business seeking to attract support from investors.”

This year SETsquared also launched a new online investment platform, to raise awareness of investment opportunities from later-stage companies currently being supported by the partnership’s Scale-Up Programme.

Over the last 18 years, SETsquared has helped more than 3,500 businesses raise over £1.5bn in investment, as well as contributing over £8.6bn in GVA(Gross Value Added) to the UK economy, rising to £26.9bn by 2030 – figures that contributed to it being named by UBI Global as the top university business incubator in the world in 2015 and 2018.