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Wales-based digital innovation company Innovation Point has launched a six-month technology accelerator programme in the country.
The Digital Dozen programme, the first-ever national tech accelerator in Wales, has selected 12 finalists who will receive skills training and tools to grow their businesses successfully.
This includes one-to-one mentoring, pitch training, access to networking events and training to grow their companies and secure further investment. The programme will be driven by established entrepreneurs such as White Horse Capital, Lexington and Webstart Bristol, which will provide the finalists with expertise and mentoring.
Colin Batten, head of partnerships and Digital Dozen accelerator at Innovation Point, said the programme would fast-track the best and brightest Welsh startups and scale-ups.
“We have worked with successful accelerators across the UK, Europe and the US to gauge what does – and doesn’t – work, while speaking to companies throughout Wales about the support and connections they feel would best empower them to take their business to the next level,” he said.
The 12 finalists are a varied bunch, ranging from Properr, a company developing integrated technology for the property industry, to Geolang, a software development firm specialising in cyber security and business resilience.
Others include fund management platform Disberse, which drives delivery of development and humanitarian aid, and University Cribs, which aims to make it easier for students to find accommodation.
This is the third year of the Digital Dozen programme, but the first time it has scaled up into a six-month national programme.
David Warrender, CEO of Innovation Point, said the programme’s previous iterations had brought “tremendous success” to the participants.
“With the added support, expertise and guiding hands from proven entrepreneurs, this year looks to be the biggest yet,” he said. “We can’t wait to see where the programme takes these leading innovative companies.”