Senior leaders from across the Leeds City Region have joined forces to provide urgent support for innovators and entrepreneurs who will be key to the recovery of our future economy.
The ‘Build a Better Tomorrow’ challenge, part of the new BUILD programme, has been launched by the Leeds City Region cohort who participated in Massachusetts Institute of Technology’s (MIT) prestigious Regional Entrepreneurship Acceleration Programme (REAP). MIT REAP is a global initiative designed to help regions accelerate economic growth through innovation-driven entrepreneurship.
The BUILD programme and ‘Build a Better Tomorrow’ challenge is looking for people who have business ideas with the potential to solve the issues that matter most to society. Successful BUILD applicants will benefit from a comprehensive 12 week programme covering a broad range of topics, as well as valuable connections to world-class experts and over 30 of the Leeds City Region’s most successful entrepreneurs.
The 12 week programme, running from January to April 2021, is designed specifically for early stage start-ups to help accelerate business ideas that have the potential and ambition to tackle some of the world’s most pressing challenges, such as climate change, health and wellbeing, access to education, mobility, sustainable living, and inequality.
The programme provides participants with the tools, approach and connections they will need to get-to-market, secure their first customers, generate revenue, attract investment and scale their businesses.
BUILD creates a community for start-ups to connect with and learn from like-minded cohort members, mentors, business and technical specialists, corporates such as KPMG, Arup, and Elmwood and investors including Mercia and NorthInvest. Programme participants will also benefit from the experience of local entrepreneurs who have successfully scaled their businesses including; PanIntelligence, Top Screen Media, Crisp, Rradar, BeerHawk, Digibete, Pinpoint, Keracol, Liria Digital Health and the Data Shed and the recently launched Impact Hub in Bradford.
Councillor Judith Blake, leader of Leeds City Council, said: “The ongoing pandemic has been extremely challenging not just for the economy as a whole, but for individual businesses, entrepreneurs and small start-ups. We need to work together to create solutions to the current and future problems we will face that have become prevalent in this crisis.
“It is important in times of change that we encourage and support innovation and new ways of thinking, particularly across diverse and underrepresented groups, to drive forward brighter futures, stronger economies, healthier societies and more opportunities for all. The BUILD programme provides these opportunity for new businesses and innovators to come together, collaborate and thrive.”
Dr Martin Stow, MIT REAP Team Leeds Champion and Nexus Director said: “We’re delighted to be launching the BUILD programme with the Build a Better Tomorrow challenge, an initiative that demonstrates Team Leeds’ firm commitment to making a positive difference to our region as we plan for emergence from the COVID crisis. The programme is a fantastic opportunity for early stage start-up businesses across the region to draw upon the wealth of knowledge and experience of successful entrepreneurs and enterprises as they look to scale their businesses. We’re targeting start-ups who have an idea that could have a positive impact on society and are excited to see how the BUILD programme can support them to achieve their business ambitions and build a better tomorrow.”