Early-stage, technology-based start-ups in the south west of England are set to receive a major boost following the launch of this year’s FASTtrack2 programme by Silicon South West.
Supported by the South West of England Regional Development Agency (SWRDA), FASTtrack2 will this year accelerate six companies with the potential for high growth by introducing customer contacts early on in their development, along with mentoring and networking tailored specifically to their needs.
Dave Richards of FASTtrack2 said: ‘Technology start-ups are special. They’re born global and offer phenomenal growth potential, however they also require tremendous up-front investment. FASTtrack2 will provide a tailored programme of assistance that will boost their opportunity for growth and success.’
This year’s FASTtrack2 programme includes the Mountain Trike Company, which has designed an off-road wheelchair; and Sidonis, which is engaged in network management software.
The programme will be delivered with the resources of SETsquared, the partnership of the universities of Bath, Bristol, Southampton and Surrey, UK Trade and Investment and SWRDA.
Nick Weiner, chief executive officer of Xintronix, a participant in last year’s FASTtrack programme said: ‘The support provided by FASTtrack has been highly relevant and worthwhile for Xintronix.
‘The programme provided an intensive focus on strategy and we now have a comprehensive business plan in place that will enable the company to move forward and fulfil its potential in the global electronics market.’