The cash, available through Startup Direct, a partner of the Government’s Start Up Loans scheme (launched by the Prime Minister David Cameron pictured), will help make the dreams of the capital’s budding entrepreneurs a reality in 2015.
Based in the heart of Tech City, Startup Direct has seen strong interest from technology start ups in particular over the last twelve months and anticipates that this sector will account for at least 30 per cent of new businesses funded this year.
Many professionals credit their successes to someone else — a boss, a partner, or more commonly, a mentor. And while yes, inspiration and guidance can be incredible motivators in one's career, mentors are not necessarily key.
The FinTech start-ups will benefit from knowledge sharing of experienced Lloyds Banking Group staff to aid their development in the financial and technology sector. The support offered includes refining concepts to strengthening business models within a flexible timeframe determined between the mentor and the start-up.
Initially, companies will be identified through Lloyds Banking Group’s relationships with its partners at Innovate Finance, who recently launched a mentoring programme, and with Startupbootcamp through its accelerator programmes.
BNY MellonMentoring programs at banks are pretty standard.
Every year, a wide-eyed class of analysts and associates start their graduate and post-graduate programs with goals to change the world (or at least make a lot of money).
They get paired with a mentor, usually a senior executive, who can show them the ropes at the firm.
Everybody wants a mentor. "Find a mentor," everyone says. "You need a mentor." "You can't get anywhere without a mentor." And there's truth to that. Let it be uncontroversially said: having a go-to advisor is almost always better than not having a go-to advisor.
Whilst unemployment is coining down across there UK, Youth unemployment is still one of the biggest issues this country is facing. Excluding those in full time education, the latest parliamentary statistics show 628,000 young people were registered as unemployed.
Lack of paid employment and experience has led many young people to consider going into business for themselves, so a recent poll asked 500 16-21 year olds their thoughts on becoming a youth entrepreneur.