Cameron launches £80m loan scheme. An £82.5m StartUp Loan scheme launched today, aiming to give the next generation of entrepreneurs the finance and support to potentially start over 30,000 new businesses.
Anyone aged 18-24 with a viable business plan can access the scheme and will receive expert and personal support to help develop their plan. If the applicant has an advanced business plan, they will be able to unlock extra funding in the form of a loan, typically around the value of £2,500, with an 'affordable' repayment period of up to five years. (The loans will be charged at the level of inflation, also known as RPI which is currently 3.5%, plus APR of 3%.) 9 Essential Steps for a Killer Kickstarter Campaign. Behind the Launch: How to Court Startup Investors.
Discuss the show on Twitter: #BehindTheLaunch In Mashable's new video series, Behind the Launch, we're taking cameras behind the scenes at Vungle, an in-app video advertising startup.
Last week, we met the the founders and saw them bring on Colin Behr to head up business development. Now that they have a promising platform and a "closer," it's time to chat with investors. Silicon Valley names, such as 500 Startups' Dave McClure, DFJ Esprit's Krishna Visvanathan and AOL Ventures' Adam Smith, appear in this episode, as Jack and Zain court investors and learn from the best. "They don't want 'Yes men,'" says Smith. Peter Thiel’s Secrets of Starting Companies « Chris McCann's Personal Blog.