Maven Capital Partners, one of the biggest backers of tech startups in the North, has launched a new accelerator programme, THE HUB by Maven.
THE HUB is designed to provide the resources, mentorship, business advisory services and other support needed to help start-ups and scaling businesses succeed both commercially and make a meaningful impact in their local communities.
The concept aims to foster innovation, creativity, and entrepreneurship, allowing the companies enrolled to partner with demonstrably successful business founders and owners who have a track record of building, scaling and exiting successful enterprises. These entrepreneurs will provide mentorship, financial guidance, and practical advice to companies that are part of the programme, helping them navigate the challenges of starting and growing a business.
Run by Maven’s local investment team, THE HUB seeks to provide the widest possible range of vital resources for companies to access, utilise, and benefit from the programme, including workspace, funding, legal advice, and networking opportunities. By providing these resources, alongside mentorship and human support, start-ups and growing businesses will be provided with the tools needed to thrive, while also creating wider opportunities and making a meaningful impact in their communities.
The inaugural event will take part on May 16 in Manchester, with a calendar of future events to follow, bringing together experienced entrepreneurs and promising young businesses across the North West to help build thriving local economies.
Maven has invested over £150 million in businesses across the Northwest since 2009, supporting hundreds of companies across key growth industries including the manufacturing, life sciences, and technology sectors, and creating over 1,300 jobs in the region.
One of the region’s most active investors, the business has a strong track record of providing both equity and debt finance to a wide range of companies in the region, including early stage SMEs seeking capital to expand, as well as later stage established businesses looking for finance to help them scale in size, services, and geographical reach.
Ewan MacKinnon, Partner at Maven Capital Partners said: “We believe that local start-ups are the driving force behind a strong and resilient economy, and we’ve prioritised designing a programme that provides the right support to enable these businesses to succeed.
“A key advantages for a business working with Maven is access to different sources of capital as well as the in-house operational expertise of our team. We have backed hundreds of management teams, helping them achieve their growth ambitions, making us well-placed to understand both the challenges a business can face, and the commitment needed to make it a success.”
Maven boasts a team of around 90 investment and support professionals providing a truly nationwide coverage. Maven has over £800 million funds under management and available to invest nationally, and manages assets for a variety of client funds, including Venture Capital Trusts, MBO Fund, UK regional fund mandates, and Maven Investor Partners, a syndicate of institutional, family office and experienced investors.
