New business grants Scotland

David Kelly, founder of Shareflow, benefitted from a range of grants

David Kelly applied for a range of grants for his pre-revenue social business platform Shareflow. He tells SmallBusiness.co.uk about them.

What was the main grant you went for?

The main one was the Starter for 6 grant, part of a start-up and investment programme for creative industry entrepreneurs in Scotland, organised through the Cultural Enterprise Office in Glasgow.

I heard about it via word of mouth and the internet. The grant is aimed at the creative industries and I felt my company matched the criteria so I applied.

How did you apply?

It was a multi-stage process; the first part was to submit a business plan and respond to a set of questions about the business, and then a certain number of people are invited to pitch live. The pitch is a ten-minute presentation on the company and why you feel you would benefit from the scheme.

They were looking for a business that was viable, sustainable, would potentially create jobs in the future, and had some potential for good growth. They were willing to support lifestyle businesses too.

How much did you get?

I got £10, 000 which is the maximum they give away. There were 100 people that got through to the first pitch stage, and this group was whittled down to 36. Those 36 attended a course which happened over a period of four months, a monthly workshop which lasted a day, and the group would learn different things about setting up a business. That would culminate in a final pitch, and in that pitch we had to explain what we would use the money for.

That meant going out and getting quotes for legal help and things like trademarking, logos, developers to help with the software, and designers, services I would be spending the money on.

We had to specify what we were going to spend the £10, 000 on, and it's not just for working capital, there needed to be a structured plan.

Any advice for businesses interesting in the grant?

I would get in touch with Starter for 6 and find out if you're eligible because you can waste a lot of time filling in forms and then find out you don't fit the criteria.