Nova Business Challenge

The startup cofoundery that’s launched over 70 successful tech businesses, including a Dungeons & Dragons inventory app, a hand hygiene improvement system for hospitals and a foetal monitoring wearable for expectant mums, has opened applications to a 2020 startup programme that plans to uncover latent entrepreneurial talent from across the North West region.

In a bid to further prove the North West’s credentials as a tech and business innovation hub, Nova has pledged to launch a further 30 businesses from their Liverpool HQ during the 2020 calendar year. The programme’s application form calls for people with 'ambition, resilience, inner drive and the ability to problem-solve to transform their startup ideas into high growth businesses.

Having already raised over £10m in investment capital, creating over £72m in shareholder value and over 200 jobs, the programme to date has positively impacted the North West’s economic development efforts. Nova’s success is credited to their provision of finance, experience and support to guide startups through their journey to market and scale.

Backed by notable investor Sir Terry Leahy, Nova’s startup programme has grown in popularity since its launch in 2014. Last year's programme received over 2,500 applications, of which 27 fledgeling startup founders went on to form new businesses with Nova. Successful applicants join the fee-free programme, alongside their day job, to develop, launch and grow their business over a twelve-month period.

Andy Dean, Head of Partnerships at Nova, said: "We all know someone who believes they are sitting on that brilliant tech business idea, and probably have been for years, but does nothing about it. We have a programme that allows those people to actually prove if it is a great tech idea and then supports them to realise their ambition to build and launch it.

"We truly believe our region is a hotbed for entrepreneurial talent and our plans for the next 12 months will further cement the North West’s position as a thriving technology and startup location, with ecosystems as strong as anywhere in the UK.”

Neina Sheldon
Article by Neina Sheldon
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