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Last call for entries in Best of British Innovation competition

A competition to find the UK's most innovative businesses and put them in front of potential investors will soon close to entrants.

IT developers are well represented in the competition, which will culminate in three businesses being showcased at the annual Venturefest 2010 event in Oxford on 22 June.

The Best of British Innovation competition has been running since April and will close to entries on 31 May. The competition was launched to attract businesses from across the UK, rather than just Oxford-based innovators.

There are about 30 entries so far, with about half of these IT companies.

One example of an IT innovation is a USB memory stick that combines up to 16Gbyte user memory with integrated GPS and GSM modules. This enables remote control of the memory and remote data deletion. The innovation is in response to growing incidences of data loss and theft via portable storage media.

Venturefest is a 12-year-old programme set up by Oxford University, local businesses in Oxford and the local council.

The three businesses chosen will be showcased at Venturefest alongside 17 other businesses selected by innovation and growth teams throughout the UK.

The three winners will be given the highest profile at the event, said Dave Waller one of the organisers of Venturefest.

The Venturefest event is brings together angel investors, experienced business people and the innovators.


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