Entrepreneurial Spark officially launched its Newcastle ‘Hatchery’ – a free, six-month programme of support for fledgling businesses – on Monday. It is now seeking a cohort of 80 entrepreneurs, start-ups and scale-up businesses for the scheme.
Range of resources
Anyone with a new business or an idea for a small start-up, known as a ‘Chiclet’, can apply for the programme, which will kick off in August. It includes:
- Free office space
- A community of 700 entrepreneurs UK wide
- Training and workshops
- Regular networking events
- A chance to win part of £1 million in cash prizes
- The opportunity to receive support for up to 18 months
Speaking to Chronicle Live when the Newcastle initiative was announced last year, Entrepreneurial Spark founder and chief executive, Jim Duffy, said: “Our model for helping early stage businesses has proved extremely successful, helping more than 350 companies to create over 1,000 jobs and £41m in turnover last year, when we were operating from just three hatcheries in Scotland.
Start-ups need support and advice
“People considering setting up a business or at an early stage consistently tell us that support and advice is what they need most, and with small companies undoubtedly being the lifeblood of the economy and creating the majority of jobs, this support is crucial to cementing a balanced and sustainable recovery.
“That’s why we are rolling out our hatcheries to other hubs of business and entrepreneurialism in the UK, and we have chosen Newcastle as an excellent place to support ambitious small businesses.”
According to the organisation’s latest impact report, it has now supported a total of 660 businesses across the UK to date, helping to create a total of 1,816 jobs.
The Newcastle facility is also looking for business mentors to join, to offer advice and support for its network of small and medium-sized businesses.
Find out more here.