Dell Accelerates High Growth Businesses with £10 Million Pound Fund and New UK Centre for Entrepreneurs
- Dell Innovator’s Credit fund offers up to £10 million pounds to help entrepreneurs invest in critical technology needed for growth
- Dell UK Centre for Entrepreneurs designed to harness innovation and incubation around the UK, including the opportunity for two UK businesses to become Dell’s first Start-ups in Residence
- UK Entrepreneur Advisory Council to be created under Dell’s Global Entrepreneur in Residence to deliver crucial “outside/in” perspective
To coincide with Global Entrepreneur Week, Dell has today announced a new UK initiative to support entrepreneurs as they continue to tackle challenges in setting up and growing their businesses. Following on from its huge success in the U.S., the Dell Centre for Entrepreneurs is now launching in the UK and will provide access to funding, mentoring and Dell’s technical expertise and world class infrastructure to help developing businesses grow and scale quickly.
Tim Griffin, vice president & managing director, Dell UK, said: “Michael Dell founded the company almost 30 years ago and ever since, creativity and an entrepreneurial spirit have been the hallmarks of our business and company culture. We believe that technology is a necessary part of growing a thriving business and strive to help entrepreneurs leverage technology to take ideas from start-up to success. Our new Dell UK Centre for Entrepreneurs allows us to do just that.”
With over 200,000 companies already founded this year , a burgeoning tech start-up scene and a host of government-backed and private sector funding schemes, the UK has a thriving entrepreneurial community. However, with many facing issues including access to finance and business growth, support from the private sector has become more crucial than ever.
In response to this, the Dell UK Centre for Entrepreneurs has been launched as part of Dell’s global focus to support start-up businesses all over the world. In 2011, Dell announced the launch of its Entrepreneur-in-Residence program in the U.S, hiring Ingrid Vanderveldt, an influential entrepreneur, to identify how Dell could better serve the needs of start-ups. Ingrid now oversees global entrepreneurship initiatives for Dell and was pivotal in creating the Centre for Entrepreneurs both in the U.S. and now the UK.
Ingrid Vanderveldt, Dell’s Entrepreneur in Residence, said: “Dell isn’t your typical global technology company. It has supported entrepreneurs and business owners for years, sharing its technology, capital, expertise and networks. Whether it’s helping a business get to market, or rolling out a new service, Dell understands the value of having a real and comprehensive relationship with entrepreneurs. It’s good for business — and necessary for innovation.”
The UK Centre for Entrepreneurs includes:
Dell Centre for Entrepreneurs Advisory Council
Acting as a steering committee for the Centre for Entrepreneurs, the Entrepreneur Advisory Council will be comprised of business founders and Dell sector experts who will meet quarterly to create a direct dialogue between Dell and the entrepreneurial community in the UK. In addition to providing a forum to take action on current challenges facing new businesses, the council will also run regular events designed to promote networking and education opportunities. The council will be chaired by Tim Griffin, vice president and managing director for Dell UK, and Ingrid Vanderveldt, Dell’s Entrepreneur in Residence.
Start-Up in Residence Competition
Launching on 2nd of December in the UK, Dell is offering two early stage start-up businesses the opportunity to become its resident start-ups. The winning organisations will receive free office space for a year at Dell’s Bracknell campus starting in April, and a range of business ready solutions including notebooks, servers and storage. They will also be provided with mentorship, advice and access to Dell’s professional networks and events, as well as having full access to Dell’s Customer Briefing centre and other on-site facilities. The competition will launch on December 2nd and applicants will have until the 14th of February to submit a brief business plan and video explaining why technology is so integral to their business growth and success. The two winning start-ups will also become members of the Centre for Entrepreneurs Advisory Council.
Dell Innovators Credit Fund
The Dell Innovators Credit Fund is an up-to £10 million pound hyper-growth fund to provide entrepreneurs with access to financing that will help spread the cost of technology which in turn encourages innovation, improves speed-to-market and fuels job creation. The aim is to get end-to-end, scalable technology solutions in the hands of growing businesses during the crucial early time in market. To apply for funding, businesses will need to fill out an assessment demonstrating their current funding mix and growth plans. The Fund is being launched as part of Dell Financial Services (DFS) which offers a variety of financing and leasing options on technology and services for businesses.
Dell Centre for Entrepreneurs Microsite & Community
To support the Dell UK Centre for Entrepreneurs initiative, a dedicated microsite has been designed to create an online entrepreneurial community where new businesses can hear stories from other entrepreneurs on how to get access to resources and expertise, technology best practices, and insights on how to scale for growth.
Visitors to the Centre for Entrepreneurs microsite will have the opportunity to join the official Centre of Entrepreneurs community. Community members will receive access to Dell’s VIP benefits that includes exclusive product discounts, personal support and opportunities to network with other fast-growing businesses. Additionally, anyone joining the Centre for Entrepreneurs community will have the opportunity to connect with Dell executives at a quarterly event which will be fully geared towards the needs of the entrepreneur community.
Dell Founders Club
The Dell Founders Club is an exclusive group for UK based entrepreneurs who view technology as a critical backbone to their business, and who have immediate IT needs in order to scale quickly. Organisations are encouraged to review the criteria and apply for the Founders Club via the Dell Centre for Entrepreneurs microsite. In addition to the benefits received by the Dell Centre for Entrepreneurs community, members of this elite group will have opportunities to network and attend events that bring together Founders Club members from all over the globe. This group will receive concierge level service from Dell team members and receive unparalleled access to the team inside Dell to help their emerging business get to market quicker.
As the visionary outcome of a true entrepreneur, Dell is committed to help power the success of entrepreneurs by developing technology solutions that help their businesses increase productivity and grow. Dell listens to customers and delivers innovative technology and services that give them the power to do more. For more information, visit www.dell.com.
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