techmesh gets backing from Yorkshire Forward

This is our first official post on the techmesh teams' blog and will, hopefully, be the first of many now that Yorkshire Forward, the regional development agency, has awarded the contract to Connect Yorkshire to create and run a new business network for the region’s IT and Telecommunications sector.
Yorkshire & Humber has the fastest-growing digital sector in the UK outside of London, and is recognised as a leading centre of excellence in the digital and new media industries. With IT and Telecommunications set to make a major contribution to the Yorkshire and Humber economy techmesh will provide a business network for companies, organisations and individuals working in these sectors to meet, exchange information and share best practice.
As a business collaboration network techmesh will act as an umbrella organisation, bringing together existing networks in the region and will signpost businesses to other sources of funding information, market intelligence, emerging technologies and research and development opportunities.
Watch this space for announcments on forthcoming events, get togethers, seminars or a few drinks out of an evening. techmesh will very much be owned and directed by the membership so do get in touch and let us know what you think or leave a comment here.

Pitch Perfect

Our Winter Investment Forum is fast approaching and we are now seeking applicants to present and exhibit. A fundamental part of the process leading up to the event, is that we provide 'pitch' mentoring to help companies hone their idea into something non-specialists in their field can understand.

We often find that young ambitious companies have the ability to talk about their proposition and the technical aspects, but often lack the ability to discuss this in layman's terms as this is what these companies do day in day out. However when it comes to raising investment it's crucial.

This is also an invaluable opportunity for presenters to get feedback, share good practice and see the other side of presenting an understandable pitch. Often it is not until you have tried to explain what is so sparkling about a proposition that you realise it isn't polished enough!These Company Assessment Groups (CAGs) are made up of the mentors that are assigned to each company that are drawn from our sponsors. The companies get high-quality feedback from people who have heard it all before. So when they present at the Forum, they have the best possible chance of winning over investors and raising the finance they need to take their business to the next level.

This mentoring and support is a key part of the Connect model.

We are also offering exhibition space at the event to companies who do not wish to make a presentation on this occasion but who wish to raise finance in the next 6-12 months.

If you are interested in getting your business plan more polished or pitch perfect, do get in touch...

Aspire to Inspire in Leeds and Sheffield

Elizabeth Jackson, Chief Executive of Directorbank, the UK’s leading private equity recruitment specialist will be inspiring young leaders and business people from Leeds and beyond at the Aspire to Inspire event on 30th September.

Guests who attend this event will also hear from other inspiring speakers including representatives from The Aspire Fund, Forward Ladies and SYIF.

We are working in partnership with The Aspire Fund Manager, Capital for Enterprise Ltd, and Forward Ladies to promote the fund amongst female entrepreneurs in the region.

The Aspire Fund was established with the objective of increasing the number of successful women- led businesses in the UK. The Fund is able to make equity investments of between £100k and £1m, on a co-investment basis, in order to strengthen business and underpin growth.

A key element of the fund is to seek to improve the linkage between those providing funding and those providing investment readiness support; which is where we fit in.

We are honoured to be working with so many proactive and successful businesswomen. We hope that many women-led businesses will join us at the event and hear about how Elizabeth built a successful business, leading to a secondary buy-out of Directorbank.

This event is kindly being hosted by DLA Piper. We do hope that you will be able to join us and if not then we are also running a similar event in Sheffield on the 5th October. To reserve your place visit: www.forwardladies.com/networking-events

South Yorkshire adds chicken tikka to its pudding

The Asian Business Director's Network (ABDN), with the help of Connect Yorkshire launched its South Yorkshire operation in Sheffield. It was a well supported event and it was really good to meet and talk with many businesses from the Sheffield community.

The event, held at Aroma restaurant aimed to give Asian-led companies access to the mainstream business community. Lynn Harrison, Business Link partnership manager, discussed the Train to Gain proposition; and Insider’s editor Richard Stirling informed that he wants to receive more business news from within the Sheffield community and I, all spoke at the event.

Arshad the chairman of ABDN, made a fantastic speech that was inspiring, he described ABDN as being, “a bit like chicken tikka masala, served with Yorkshire pud.”

He also added; “The ethos of the ABDN is to break through the barriers. We want BME (Black and Minority Ethnic) businesses to break out of dealing with their own communities because that is where the business is, that is where the need is.”

We are looking forward to working with members of ABDN who are looking to raise investment to help grow their business.

We do hope that Connect is not perceived to be Leeds centric; and to reiterate - we are not! This years plan is to hold a total of seven events in Sheffield this Autumn; starting from the 5th October. Don’t miss your opportunity to join us; further details will be displayed on our events page shortly.

Race to the Pole

A documentary on the BBC2; ‘On Thin Ice’ got me thinking……

After almost two weeks of intensive Polar Training in Antarctica; James Cracknell, Ben Fogle and Ed Coates set off to race from the edge of the Antarctica continent, to race over 370 nautical miles across the largest ice cap in the world to the Geographic South Pole.

The racers will face constant challenges throughout their journey: surving in temperatures as low as -50C, navigating and skiing while pulling a 70Kg. pulk, climbing up to 9300 ft. to the South Pole and through everything working together as a team.

The bottom line is that, as in sport, there are no guarantees of success but equally there is no substitute for preparation. That's why coming up with a well thought out business plan is key.
In September we will be holding the InvestorQuest Investment Challenge and we are now seeking applicants to present at the event. It will be interesting to see how many of the business propositions can articulate exactly what they do and why they might be one of the winners...

Each presenting company has the chance of winning up to £1000 of top level Intellectual Property, Accountancy, Legal and Marketing advice from four of our Sponsors (£4000 in total).

Investors look for attributes that they have seen in ventures that have generally made it in the past: clear vision and value proposition, strong management that can navigate through the blizzards to success, understanding of the competitive landscape, a feasible route to market, etc.

The aim of the Investment Challenge is to encourage people seeking early-stage funding and business support to put their ideas forward. The funds involved so far are the Viking Fund, YFM Group and Aquarius Equity Partners. If you’re interested, then check out the InvestorQuest page of our web site for more information.

Open Collaboration: Friend or Foe?

Open innovation is a hot theme at the moment. The idea is that you only know so much within your organisation and outside there is so much more knowledge if only it could be harnessed for (your?) benefit.

The more council you take the more certain you can be that your decision or approach is (the wisdom of crowds sampled by taking point measurements?) However, the more you share your ideas the more open they are to be copied or stolen. Also, your IP position can be a concern or even a sticking point for establishing a win-win situation with a third-party that is bringing something to the table. But the bottom line is that people work together when they can achieve more together than they can alone (which is why mergers take place!)

So like most good ideas there are pros and cons and like capitalism 'it may not be perfect but its better than the alternatives'. Initiative like Connect have a role to play in helping break down barriers, enable cross-silo thinking and generally help catalyse action - if the market participants want to. The region’s ability to commercialise science and technology depends on the strength of its “social business infrastructure” and an entrepreneur’s ease of access to critical resources. We want to make it easier, not harder to start a business or gain market traction.

Experienced people will be willing to give time pro-bono if they get a “return on involvement”: either altruistic satisfaction or the promise that everyone will profit from a rising tide. The development of a “culture of collaboration” that goes beyond mere networking towards a process of co-creation and information exchange that creates trust-based relationships, and so instills a sense of shared ‘ownership’ in both the risks and rewards.

Living in splendid isolation (and having absolute focus on your own bottom line) has its place, but equally there is always space for serendipity, participation and collaboration where everbody wins.

Clouded Thinking?

TeckTalk 2008 on June 17th will debate the issues surrounding 'cloud' computing. How important is it for enterprises to be able to 'hug' their data? Is day when all server machines no longer belt out heat from your own rack but sit somewhere out in cyber space, maintained and upgraded by men in white coats.

The technology promises to bring the cost of application hosting, data storage and connectivity down via 'pay as you go' services and open source tools. But have may of us have already found that's not the whole story and the vendor perspective can be "when we have them by their databases, their hearts, minds and wallets will follow".

Cloud computing brings together high performance supercomputing capabilities to the masses. Is your application taking off? The promise is that you can scale processing power as your application grows. Backups? All taken care of for you. But what about security? That probably still is the Achilles heel of the cloud - are you going to entrust your precious corporate data to some outside your firewall?

And what about the green agenda? One of the companies backed by the South Yorkshire Seedcorn Fund has a novel approach to server cooling (no not locate them at the North Pole!). Full tilt computing generates a serious amount of hot air where ever the processor is located and that needs to go somewhere.

So on the 17th, let's hope the debate produces some clear thinking and we get demistify what cloud computing has to offer for the future and lets hope it not all vapourware! We have a great keynote speaker lined up from Oracle and a supporting panel to debate the issue: Cloud Computing - Is it all hot air or is there a silver lining? See you there.