Hunt begins for hi-tech start-ups to expand Sheffield’s CDI sector

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Sheffield has launched a bid to encourage entrepreneurs with the best ideas and creative talent to launch businesses in the city.

The new Dotforge Accelerator offers a combination of funding, accommodation and mentoring to help digital, creative and other technology businesses to set up and grow rapidly.

Organisers of the programme are looking for eight start-ups that will receive up to £25,000 in cash and access to more than £150,000 of follow-on funding.

They will be able to benefit from hundreds of thousands of pounds worth of additional incentives, including free office accommodation and advice from world-class mentors, investors and sector specialists.

Dotforge businesses will also take part in what is being described as: “a ‘bootcamp’ process that aims to develop and deliver new, robust, globally-connected businesses”.

The initiative is being backed by Sheffield City Region Local Enterprise Partnership, loans and equity fuding agency Finance Yorkshire and private investors from the Yorkshire Region.

Regional Growth Funding is also being made available to successful Dotforge applicants, through Creative England, the agency that backs businesses from the film, TV, games and digital media sectors.

The Dotforge programme is working with F6S, the leading global source of information on deals, programmes and events for startups, whose co-founder, serial entrepreneur Sean Kane, is joining a pool of world-class entrepreneurs, offering one-to-one mentoring for Dotforge start-ups.

Applications are being invited from anywhere in the world, but have to be submitted by noon on Monday, February 25.

For more information and to apply, visit: www.dotforgeaccelerator.com.