Richard Myers Transmit Start-Ups

@TransmitStartUp @RichMyers100

Funding types 1) Grants 2) Equity 3) Crowdfunding 4) Debt

Investment types 1) Grants 2) Equity 3) Crowdfunding 4) Debt

*Grants = Free Money *Eligibility *Can only spend it on certain things *Often match-funded

Investment types 1) Grants 2) Equity 3) Crowdfunding 4) Debt

*Equity = shareholding *Cash vs Sweat *Angel, VC, other *Right money, right share, right person

SCALE? x10?

You Need a Great

Elevator Pitch

What is it?

Why is it better?

How will it make money?

Equity

Investment types 1) Grants 2) Equity 3) Crowdfunding 4) Debt

*People pledge money *Incentivise *Gift vs Shares

Crowd Funding

£70,000 for 8% (10 days)

Investment types 1) Grants 2) Equity 3) Crowdfunding 4) Debt

*Bank loan/overdraft (personal guarantee) *Other types of loans (e.g. Start Up Loan) *Friends and family

Lenders need confidence in the person and the proposition. Lenders need to know that they will get their money back, with interest, and that you can easily make your repayments.

What Do You Get?

A low interest start-up loan –From £1,000 to £25,000 –Repayable over 12-60 months –Capital repayment holiday –6.2% interest

What Do You Get?

Business Support –Assistance with business planning and

cashflow forecasting Mentoring

–Guidance from creative industry mentors (free)

–PR support (free)

Are You Eligible?

Aged 18+ Pre-start or less than 12 months trading Living in England or Scotland Working visa

Luke Sharples, Joseph Lukes Guitars

“Transmit Start-Ups were there for me when I needed it! They provided me with great advice, business direction and the all important capital to help get my company off the ground.

Hannah Proctor, Aphrodite & Ares

“The loan really jump-started the business – without it we would have taken a long time to get to this point.

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P.I.G.

rich@transmitstartups.co.uk www.transmitstartups.co.uk @TransmitStartup