18 up and comers from around Cambridge make ‘Gauntlet’ shortlist
50 entrepreneurs have been short-listed for the ‘running the gauntlet’, the East of England Development Agency’s (EEDA) investment competition and education programme. 18 are based in and around Cambridge.
‘Running the gauntlet 2007’ which offers winners the prospect of a share in up to £2m equity funding from investors CREATE, Low Carbon Accelerator, NW Brown and SEP attracted over 300 entrants, of which 26% came from Cambridgeshire.
The short-listed 50 now have the chance to refine their financial and business presentation techniques with two of the competition’s commercial partners, HSBC and Mudhut Communication. This will be crucial preparation for their pitch to investors later this month and forms part of the ongoing education programme that lies at the heart of ‘running the gauntlet’.
10 finalists will be announced on 9 October. They will then be open to greater scrutiny from the investors ahead of EEDA’s Destination Growth event on 6 November where investment plans will be revealed (subject to due diligence).
Those finalists in and around Cambridge are:
Cambridge Data Ltd (IT)
Cambridge ICT Limited (IT)
Cantab Research Ltd (IT)
GenDrive Ltd (Energy/Environment)
Gameware Development Ltd (Creative/New Media)
Game6 Ltd (Consumer)
GFS Projects Ltd (Industrials)
Jon Aus ( IT)
iOTA Sphere Ltd (IT)
Infutech Ltd (Life Sciences)
Tp24 Ltd (Consumer)
Media Centre Technologies plc (IT)
Mode4 (IT)
New Co (Creative/New Media)
V-Scratch Ltd (Creative/New Media)
Wayside mpd (IT)
Wind Technologies Ltd (Energy/Environment)
Zuzabooks (Consumer)
17th September 2007
