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.
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.
Everybody agrees that networking matters. It matters for getting jobs. It matters for being good at those jobs. It matters for finding mentors, sponsors, and general champions. It matters for getting promotions.