Funding

Funding

BRIGHT IDEAS DEN

BID (Bright Ideas Den) is your chance to pitch for up to £1,000 to kick-start your bright idea. If you have an early-stage business or freelance idea you would like to try out whilst you study or have decided to set up a business or go freelance after graduating, BID funding and the friendly expert panel feedback could be just what you need. BID runs once per term and it’s your chance to introduce yourself, your idea and what you need to get going, whether that is training, equipment, materials or buying in skills. The funding is available to current University of South Wales students and graduates.

If you are successful you will be given a 20 minute time slot – 10 minutes to tell the panel about your idea and 10 minutes for questions. If you are shortlisted you will be given further instruction on the set up for the day, and a series of tips and considerations. The panel want to know about you and your idea – you can do that however you want, whether that’s by pulling up a chair - or delivering a short pitch using PowerPoint. We encourage you to share samples, photos, videos etc that will help explain and bring your idea to life. The best pitches are visual and informative!

TEST TRADE FUND

If you have an idea that you would like to explore and test, for a limited time only we have test trade funding pots of £250 to help get you going.

To apply, complete the application form explaining your business idea and how you propose to spend the funding.

  • Marketing costs
  • Trading and material costs
  • Equipment
  • Software/Media costs

EXTERNAL FUNDING SOURCES

There are a number of ways you can secure funding for your business idea including loans, investors, pitching competitions and crowdfunding.

Business Wales has a comprehensive list of funding options available to those starting a business in Wales including the Development Bank of Wales, the types of funding available and a Finance Locator tool.

There are also a number of competitions available where £1,000 to £15,000 is up for grabs.