FEATURED : WalesOnline’s Sion Barry talks about Alacrity 2017
The graduates aiming to take the Welsh business start-up scene by storm
The Alacrity Foundation has welcomed its latest intake of graduates that want to become tech entrepreneurs
The Alacrity Foundation has welcomed its latest cohort of graduates that are aiming to become the next big success stories in Welsh business.
Alacrity, based in Newport, is an educational programme that mentors and trains graduates to become the next generation of technology focused entrepreneurs.
Through the intensive programme graduates will form teams that on incorporating their businesses will secure equity funding – and a stake in their businesses – providing they are based in Wales.
The latest cohort of graduates for 2017/18 are drawn from a range of subject areas and higher education institutions from across Wales and the UK.
The 13 came through a screening process of nearly 150 applications.
Peter Allan who studied business and management at Swansea Univesity.
Cody Bond, physics at Bath.
Michael George, computer science at Portsmouth.
Charlotte Hannah, mathematics at Bath.
Rob Harvey, mathematics at Liverpool.
Owen Hughes , multimedia computing at Glyndwr.
Craig Lomax, artificial intelligence and robotics at Aberystwyth.
Ross Macomish, games design at the University of South Wales
Owen Morgan, mathematics at Southampton.
Sean Oldfield, biology at Swansea.
Cristina Puscas, economics at London.
Sean Thomas, interactive games design at Gloucestershire
Robert Van Den Bergh, accounting and finance at Bristol.
They have now started on a demanding year of applied entrepreneurship education.
It begins with a five week coding boot camp, which is an intensive software development training programme.
The remainder of the schedule consists of teams working with external partners (which could be say a major telecoms company) on developing a technology solution they require.
The programme culminates with the teams delivering the solution for their partner organisation and a business plan detailing how they will develop a scalable business based on the technology they have developed.
If successful, the teams will incorporate their businesses in 2018 and have access to a seed funding of up to £250,000 (for each company).
Throughout the programme the graduate entrepreneurs are paid a stipend of £1,500 per month.
Chief executive of the foundation Wil Williams said “The foundation offers an unparalleled opportunity for a graduate who wants to start a tech-based business in Wales.
“The programme is based on graduate teams solving real problems and setting-up scalable technology-based businesses. We believe that the level of mentoring and support that our graduates receive sets the programme apart.”
“Alacrity is always looking for potential projects, technology and business mentors and, of course, the next generation of tech-based entrepreneurs. And we are already recruiting for the next cohort.”
The foundation was set up in 2013 and is co-funded by the Welsh Government and private benefactors.
Since launched it has produced 35 graduates and eight successful companies across a range of sectors, including cyber security, education, and recruitment.