RISK WARNING: INVESTING IN EARLY STAGE BUSINESSES CAN MEAN LOSS OF INVESTMENT, DILUTION AND ILLIQUIDITY. THE START-UP SERIES FUND IS EXCLUSIVELY FOR SOPHISTICATED INVESTORS WHO UNDERSTAND THESE RISKS. PLEASE CLICK HERE TO READ THE FULL RISK WARNING.
The Start-Up Series is designed to uncover new UK businesses with bright teams & smart ideas. Each month we aim to select one business to qualify for an equity investment of up to £250,000, along with invaluable support from experienced & successful entrepreneurs. In partnership with smallbusiness.co.uk, we’re open for entries from the 1st to the 14th of every month and have developed a quick and easy application process to follow.
Simple online entry – just a two page summary or two minute video outlining your business model, market & team.
Comprehensive online business plan submissions followed by telephone interviews with our competition judges for pre-finalists.
A half-day deep dive with our team to explore the true potential of your business and properly get to know one another.
Technical due diligence by our Fund Manager before an investment is made, then publicity & on-going support help to you grow.
What is different about Worth Capital is that you are honest, so thank you and colleagues for your straightforwardness. I appreciate your additional feedback notes which do help.
We did a lot of research into investors and were really attracted by the fact that more than 35% of The Start-Up Series winners were female which is a lot higher than the national average of 2% funding going to female founders.
The deep-dive was informal and very much a two-way conversation, which was a big contrast to some of the other fundraising conversations we’d had. Regardless of whether we’d got the investment from Worth Capital, we got lots of valuable insight and constructive feedback on what we were doing.
I have to thank you for taking your precious time to give me straightforward feedback on both your evaluation and strengths/weaknesses. You have to know that it is very rare that anyone does this.
Winners are required to have secured EIS or SEIS assurance from the HMRC before an investment can be made. Winning businesses which are selected for investment will be able to make an application to the HMRC with a letter of intent from Worth Capital. Businesses considering entering the competition need to satisfy the following criteria set by HMRC:
As we review our entries and talk to the founding teams, we look for clues across a comprehensive set of criteria. We consider the market you are looking to operate in, your business model, the team who keep the wheels moving, your marketing approach and of course, how excited we get about the overall business ‘idea’. These are the rough weightings we give to each area we explore.
We love looking at new business ideas. We also hope that our perspective as investors can be useful for businesses that don’t win our competition. So we take time to provide feedback to all applicants. We don’t have much information to go from in the early stage of the competition, so we just send an email picking out something we liked about the business. But as an entrant progresses through our process we provide progressively more detailed feedback on our criteria and what we saw as strengths & weaknesses.