Home Personal Finance Ulster Financial institution and Clarendon Fund Managers associate to launch new funding initiative on Worldwide Ladies’s Day

Ulster Financial institution and Clarendon Fund Managers associate to launch new funding initiative on Worldwide Ladies’s Day

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Ulster Financial institution and Clarendon Fund Managers associate to launch new funding initiative on Worldwide Ladies’s Day

Sinead Welsh, Fof Knowledgeable Minds, Gabi Burnside, Entrepreneur Acceleration Supervisor, Ulster Financial institution, John Ferris, Regional Ecosystem Supervisor, Ulster Financial institution and Claudine Owens, Funding Supervisor at Clarendon Fund Managers and Lead Coordinator for HBAN Ulster

The initiative, run in partnership with Clarendon Fund Managers, the primary enterprise capital fund Min Northern Eire to signal the Investing in Ladies Code, goals to facilitate entry to angel buyers for under-represented entrepreneurs and provides them first-hand entry hand experiences with the applying to convey investments .

Since publishing The Rose Assessment in 2019 and subsequent work with The Ladies’s Investor Prepared Challenge, Ulster Financial institution has had a powerful give attention to serving to women-owned corporations entry funding; one thing that continues to be a significant problem regardless of advances in different areas.

This program goals to make clear precisely what buyers are searching for and assist entrepreneurs grow to be investor-ready. Moreover, it is going to carry collectively a community of friends to assist one another and entry angel buyers who will present mentoring assist and steerage all through the initiative’s eight-month lifespan.

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John Ferris, regional ecosystem supervisor at Ulster Financial institution, defined that until motion is taken to enhance entry to finance for companies run by girls, inequality between female and male entrepreneurs would solely enhance.

He defined: “Challenges in accessing finance are persistently highlighted once we communicate to girls entrepreneurs collaborating in Ulster Financial institution’s Entrepreneur Accelerator programme. Due to this fact, we’ve got determined to make this the main target of our Worldwide Ladies’s Day 2022 celebrations and supply extra measures to encourage assist for women-led entrepreneurs on this space.

“The concept behind the initiative is to deal with the challenges underrepresented entrepreneurs face when attempting to entry finance. We wish to equip these enterprise homeowners with the instruments, training, and assist they should grow to be investor-ready. This begins with constructing a powerful community, as we all know from the Rose Assessment that peer-to-peer assist and a heat introduction can result in way more useful outcomes for women-owned companies.

“We’re grateful to all of our companions and angel buyers who’ve dedicated to supporting this initiative and dealing with us to seek out new, imaginative options to the challenges girls nonetheless face.”

Sitting on one of many energy panels is Claudine Owens, Funding Supervisor at Clarendon Fund Managers and Lead Coordinator for HBAN Ulster, the Halo Enterprise Angel Community.

Claudine mentioned that whereas the variety of women-owned companies throughout the HBAN Ulster community has grown considerably since its inception in 2018, there may be nonetheless a protracted option to go to degree the taking part in discipline: “The HBAN community is delivering right here and there As continued good work is to be welcomed, it’s clear that there’s nonetheless a big pool of untapped expertise in Northern Eire. At present, about 20 p.c of the pitches we see are from girls founders, so there’s an actual want for extra collaborative motion and constructive interventions to extend that quantity.

“Enterprise angels wish to put money into fast-growing corporations early on, however we can’t accomplish that until all of our greatest pursuits come earlier than funding boards and have a transparent path to entry finance. We sit up for assembly all entrepreneurs collaborating in this system and dealing carefully with them from now till the HBAN pitch occasion in November.”

After a kick-off occasion throughout Worldwide Ladies’s Day week (March 8), all 12 entrepreneurs undergo a ‘Dragons Den’ type panel earlier than being paired with one of many buyers. They then obtain mentoring and assist till they’re able to attend a pitch occasion in October. Two founders will then be chosen to attend the HBAN occasion in November, the place they are going to be stay on stage selling funding of their firm.

One entrepreneur getting ready to affix this system is Sinead Welsh, founding father of Knowledgeable Minds, a digital well being answer designed to assist individuals coping with stress and different psychological well being points.

Sinead, who joined Ulster Financial institution’s Accelerator program earlier this 12 months, says the give attention to turning into extra investor-ready is without doubt one of the areas she has discovered most useful.

“There are a lot of assets out there to start-ups and progress corporations, however the problem is usually realizing how or the place to entry this useful resource. Quite a lot of alternatives have been dropped at my consideration by the Accelerator program and it’s reassuring to see that Angel Traders is working arduous to carry extra variety to the method. I sit up for starting this journey with a devoted mentor and overcoming a few of the obstacles which have beforehand prevented feminine founders like myself from maximizing their true potential.”

For extra details about the work of HBAN Ulster and the total checklist of enterprise angels go to https://www.clarendon-fm.co.uk/hban/ .

For extra particulars on the Ulster Financial institution Entrepreneur Accelerator programme, together with updates on the subsequent utility course of, go to www.ulsterbank.co.uk/accelerator

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