LONDON Catalyst Venture Partners, which specializes in advising technology companies on fast-track investment and growth, has launched 'Zero-to-Hero: The VC Challenge', a competition for technology innovators.
Twenty 'winning' companies will gain a place on a one-day fast-track investment event, to be held at the Williams Formula 1 Conference Centre in Oxfordshire, where they will have the opportunity to interactively evaluate their business plans with five leading venture capital companies.
The 'Zero-to-Hero' fast-track investment event is being run in conjunction with sponsoring companies that includes technology lawyers Osborne Clarke, innovation incubators SETsquared (a collaboration between the Universities of Bath, Bristol, Southampton and Surrey), the venture capital fund Eden Ventures, and HSBC bank. The event is open to all early-stage technology companies.
The event will include a one-day workshop that will focus on key issues such as developing a fast-track growth strategy, structuring the management team, how to raise funding and negotiating a funding deal. The 20 winners will have the opportunity to interactively evaluate their business plans with five leading venture capital investors – Matrix Private Equity Partners, Foresight Venture Partners, South West Ventures Fund, Octopus Asset Management and Eden Ventures – who collectively manage over £300 million of investment funds.
In the light of what they have learnt during the workshop, the companies will have a week to reappraise their business plans and submit a revised Executive Summary from which an overall winner will be chosen. The CEO of the overall winning company will take part in a Williams Race Day.
To enter, companies need to send an Executive Summary of their business plan by 25 April 2005 to Zero-to-Hero or by post to Catalyst Venture Partners Ltd, 7 Gay Street, Bath BA1 2PH.
Zero-to-Hero is part of Catalyst Venture Partners’ established Accelerator Programme.