Tuesday, 13 September 2011

Micro Business Start Up Fund Launched (UK)

Enterprise Nation has announced the launch of a new fund to support new business start ups. Known as Fund 101, micro grants of between £50 and £500 are available for would be entrepreneurs to set up their own businesses.

Supported by Intuit and Paypal an initial £50,000 is available through this scheme. This will be topped up by £5,000 each month.

To apply, entrepreneurs must complete an online application, explaining how much money they require and for what purpose. They must then raise an equivalent number of votes to the grant they are seeking – if they need £100, they must engage 100 people to vote for them.


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