GLOBAL – LONDON, JULY 9, 2012: The search for the best British digital talent is on as London Advertising launch its unique competition that offers £100,000 of funding for new digital agency start-up.
The competition was announced at an event for the New Entrepreneurs Foundation at 10 Downing Street, hosted by the Prime Minister.
David Cameron, Prime Minister of the United Kingdom, commented: "There is a role for government to back entrepreneurship, and this is why we have changed the tax system, to incentivise investment into entrepreneurs, to make it easier to start up and grow a business. But there is also a role for business to play which is why this competition is great news for entrepreneurs in Britain and I hope it uncovers some great new digital talent."
Founder and CEO of LONDON Advertising Michael Moszynski said: "We now want to encourage and support other new businesses by giving them the confidence to do similar. We are looking for people who can define what the future digital agency will look like and can live up to our mantra to ‘be brilliant’”.
Samsung, Warner Bros. and Bupa will provide a range of live briefs for the new agency and participate in the judging panel.
The funding will be provided under the Government’s new Seed EIS scheme which allows up to 50% tax relief for high rate payers.
The Prize £100,000 of investment under the Government’s new Seed EIS scheme
• An equity stake in the business
• Confirmed opportunities to pitch for briefs from Samsung , Warner Bros. and Bupa
• A high profile launch via extensive coverage in The Times and other media
• Access to LONDON’s global client list and new business opportunities
• The opportunity to be a global business from day one via LONDON’s international network
• Mentoring by the Board and Advisors of LONDON, including Lord Davies Vice Chairman of
• Corsair Capital and Non-executive Director of Diageo and Charles Fallon, Managing Partner at S.I. Partners, advisors to marketing services/tech companies Legal support from Lewis Silkin’s Media, Brands & Technology team
For more information on the competition, visit www.LONDONadvertising.com/#news to download a simple application form.
