Government-backed Tech City UK has announced the launch of a new, free, scale-up programme. The programme will provide digital start-ups access to industry advise from European and US entrepreneurs.
The six-month programme has been named ‘Upscale’, and will support twenty five fast-growth start-ups in the digital sector. A series of workshops, mentoring and strategic advice, and in-house lectures will prepare start-ups for the challenges of scaling.
So far an impressive array of scale-up professionals have offered their expertise to the programme. The star-studded panel, which will work as ‘Scale Coaches’, includes Alex Chesterman, CEO of Zoopla, Doug Monro, co-founder of Adzuna, and Sarah Wood, co-founder of Unruly.
There are however certain requirements start-ups need if they wish to participate. Businesses must be based in the UK, have grown at least 40% month-on-month for the last three months, or have annual revenues of £500k if bootstrapped.
“Upscale facilitates the sharing of experience and ideas at the precise moment ambitious entrepreneurs need it most.” said Gerard Grech, CEO, Tech City UK. “The digital business-ecosystem is known for its desire to fail fast, learn and succeed.”