BeTheSpark is a way of helping Entrepreneurs make a success out of their company. It is something that we at Wesley Clover believe highly in. Supporting you as start-up technology companies regardless of whether you have received venture capital directly from us is an ideal that is now being enforced throughout Wales through the BeTheSpark initiative.
At the inaugural BeTheSpark event, I pledged as one of the first 300, to help start-up entrepreneurs from within Wales grow their business. I will share my ideas and knowledge with you for marketing and design assistance. I pledged to encourage fellow Welsh people interested in the twin pillars of innovation and entrepreneurship to sign up to this commitment and join like minded people and pledge their time through mentorship to help Welsh companies dream big.
Through this ideal we are helping achieve a movement.
It was Bill Aulet, author of Disciplined Entrepreneurship who said at the BeTheSpark launch event that Newtons Law of motion applied heavily to start-up companies. “Body’s at rest will remain at rest. Body’s in motion will continue to move until ultimately stopped.”
Those of us now committed to this Welsh initiative will help create this movement and enable companies to achieve this ‘body in motion’ and when an object gets in the way we are all here to help in any way we can for you to traverse that object and continue to build.
A movement will create change. A movement will create momentum. This movement will enable even school children to realise that becoming and Entrepreneur is a possibility for them. It is true that the curriculum needs to change but another stakeholder group, Government, have pledged to tackle this obstacle and ensure all of the right obstacles are removed to allow bodies to ‘remain in motion’. We are all in this together. We have all pledged to help in different ways to remove the obstacles to allow entrepreneurial talent to flourish.
The Stakeholder Groups involved in the Welsh BeTheSpark initiative are:
Given the right tools, outstanding Welsh-based entrepreneurs have the potential to flourish even more and trigger an explosion of high value businesses and jobs. Through this movement entrepreneurs can achieve the ideal opportunity to ignite the next era of Welsh business success.
Through world-leading research, Welsh academia is redefining what’s possible in business and shaping future ways of working. By combining the latest research with the latest real-world business practices, academia can produce more commercially minded graduates and fuel a more prosperous nation.
Welsh Government is bringing key stakeholders together to transform Wales into a force on the world stage, giving the chance to tap into a vibrant network of people and organisations focussed on delivering more jobs, growth and prosperity to Welsh communities.
Wales is a hot bed of technology, creativity and entrepreneurial talent. The nation’s risk capitalists and angel investors have played a key role in nurturing talent and igniting successful businesses.
In Wales, innovation is influencing the corporate network and a strong entrepreneurial spirit is shaping new products and services. Take advantage of strong networks, identify and exploit emerging opportunities and take your business to the next level.
For individuals to realise their potential, they need the building blocks to succeed.
Firstly they need Recognition. To understand themselves that becoming a Welsh entrepreneur is an option for a career.
Secondly they need to belong to a community of supporters and mentors which BeTheSpark is enabling.
Thirdly they need to identify the opportunities available to them and with the help of the Stakeholders, Government will allow more facilities to be at their disposal, Academia will open up their labs and equipment so it can be used in evenings when lectures have concluded, Corporate will offer business and tax advise, Risk Capital will make it easier and quicker to receive funding and help with items like Business Plan formulation and structure and finally Entrepreneurs who already have established companies are there to identify the pitfalls in building a business as well as the roads need to be taken to make a success of your idea.
Fourthly, visibility of what everyone is contributing is important. Anyone seeing what the BeTheSpark initiative is achieving will be more aware of the movement and want to join in. Creating more start-up companies within Wales and encouraging innovation and entrepreneurship is the ultimate goal.
Lastly the potential to contribute is important. Everyone can help in anyway, from opening up offices to support start-up companies with free wi-fi or a place to meet in a convenient location to mentoring sessions in evenings to combine networking events with stakeholders from each group for a one-stop-shop for business advise.
I have a drive to help and advise others within Wales who dare to dream big and take that first step to become Wales’s future FTSE 100 company.
I am playing my part in this process.
So if you’re in Wales, I encourage you to join me and become a part of a movement that links innovation and commercialisation together to create opportunities for your company.