Digital entrepreneurs are being encouraged to take advantage of a Fellowship scheme which gives them £4,000 to help start their business.
The deadline to apply for the latest round of DigitalCity Fellowships is 12noon on Monday (February 23).
As well as the financial support which covers their living costs while they develop a business product or idea, DigitalCity Fellows can also access industry-specific mentoring, business training and access to facilities and equipment at Teesside University.
DigitalCity, which is based at Teesside University, is a key driver of growth in the Tees Valley and has helped launch more than 260 new companies in the region.
Some of the region’s most successful digital companies have grown from the Fellowship programme including digital agency 13 Strides which won a Bafta for the Channel 4 Paralympics website and games developer Oceloid which was recently listed as one of England’s most creative businesses.
Film-maker Matt McGough said the DigitalCity Fellowship gave him the confidence to leave his job and set up his own company, Ithica Films.
He said: “It has allowed me to go from being a cameraman to a filmmaker.
“Starting my own business has been fantastic and the Fellowship has helped me to achieve that.”
DigitalCity Fellowships are open to individuals and teams with an original project idea, who live in the North East of England and who have graduated from University.
Director of DigitalCity, Dr Michael Ryding (pictured above), said: “At DigitalCity we help take the risk out of starting a new business.
“As well as the financial support, the advice and mentoring that DigitalCity Fellows receive from leading industry figures is invaluable.
“We also provide them with a network of contacts from across the region to help their business to grow and succeed.”
This project is part financed by the European Regional Development Fund (ERDF), managed by the Department for Communities and Local Government.
The ERDF Competitiveness Programme 2007-2013 is bringing over £300m into the North East to support innovation, enterprise and business support across the region.
To learn more and apply for a DigitalCity Fellowship visit www.digitalcityinnovation.com/fellowships.