"If you are lucky enough to attract some start–up capital it often comes with more strings than a grand piano and you spend more time making pretty presentations to investors than getting on with bringing your idea to life" Mark Hannay COO, capexpand
London, UK (PRWEB UK) 15 February 2013
February 14, 2013 London, UK – capexpand, innovative provider of fast business loans to online SMEs, has launched a business plan competition targeting university students.
The winning business plan will receive a cash prize and interest free funding up to £5,000 to launch and grow their business. “We know there are great ideas out there and some great minds too. We want to ensure that those great ideas are not confined to doodles on napkins or daydreams in lectures but are able to come to life and flourish,” stated Mark Hannay, capexpand’s COO.
Hannay continued “If you are lucky enough to attract some start–up capital it often comes with more strings than a grand piano and you spend more time making pretty presentations to investors than getting on with bringing your idea to life.”
capexpand continue to be vocal in their support of an entrepreneur led recovery and highlighting their own involvement by funding small businesses and hiring skilled young graduates.
UK entrepreneurs have grown sales by 20% year on year and created a major boost to demonstrate their key role in rejuvenating the UK economy. Alternative finance is a significant and growing global force with vc backed lender Kabbage entering the UK market this week.
Fears about a slow economic recovery remains one of the biggest concerns for entrepreneurs and one in five remain concerned about lack of access to funding.
This is one of the many competitions capexpand has recently launched in order to do their part towards an entrepreneur led recovery.
To apply for the competition, university students must send a business plan proposal to businessplans(at)capexpand(dot)com and must meet the following criteria:
- Student, 18+, UK resident
- Must own 100% of the IP & be a primarily web-based business
Entries close on the 29th March 2013 with the winner being announced on 11th April 2013.
For further media information contact:
capexpand press(at)capexpand(dot)com 44 (0) 20 7183 0433
capexpand was established in late 2012. Based in central London the founding management team are all self-confessed geeks passionate about technology and how it can make things work in the simplest most straightforward way. The team has been active in the personal finance space since 2009 think they’ve got a good blend of disruptive technology and superior class leading credit decisioning to give choice, control and flexibility to online sellers looking for fast business loans.