How do we get our bit of the £150m?

[RichardCranium]

How do we get our bit of the £150m?

linky winky

IT start-ups to receive £150m from government

The government is to provide up to £150 million worth of funding to new IT ventures.

According to the authorities, the money will be put into the UK Innovation Investment Fund, which should generate £1 billion worth of funding for start-ups during the next ten years.

Prime minister Gordon Brown said: 'This fund will help build Britain's future by investing in key sectors. It will provide crucial support for our most promising start-ups and existing small companies just when they need it most.

So how is this dosh going to get wasted?

[PM-Junkie]

How do we get our bit of the £150m?

linky winky



So how is this dosh going to get wasted?

Plenty quickly, much technical.

[sasguru]

Start an outsourcing company using the proceeds. This government is so stupid they'll fall over themselves to give money to firms that will employ abroad.

[minestrone]

You stole that!

[RichardCranium]

Bum.

linky winky

The UK Innovation Investment Fund will operate on a fund-of-funds structure which means it will not invest directly in companies, but rather invest in a small number of specialist technology funds that have the expertise and track record to invest directly in companies.

It's just money for quangos.

Gits.

[RichardCranium]

You stole that!

I most certainly linky winky did!

[minestrone]

I most certainly linky winky did!

That's OK, we can share it.

I asked a friend who works at scottish enterprise what were the chances of getting funding for a business plan I had, he basically told me to forget it and that if I had made facebook and asked them for startup cash they would have told me to bugger off.

In my exp the money is handed out to established companies to keep a few bums on seats, they do not understand the startup enterprise mindset.

[Menelaus]

That's OK, we can share it.

I asked a friend who works at scottish enterprise what were the chances of getting funding for a business plan I had, he basically told me to forget it and that if I had made facebook and asked them for startup cash they would have told me to bugger off.

In my exp the money is handed out to established companies to keep a few bums on seats, they do not understand the startup enterprise mindset.

So it's to keep seats warm rather than to buy new seats? Sod that.

[chef]

So it's to keep seats warm rather than to buy new seats? Sod that.

prrrrrp

[Menelaus]

prrrrrp

global warming!