Review on Bethnal Green Ventures by Douglas Cachazo
Bethnal Green Ventures: BGV offers financing to ventures that provide a palliative to address social and environmental problems.
Globalization and accelerated technological advances have brought additional problems to underdeveloped and developing countries,
The developed and powerful countries have increased the gap and taken advantage of new technologies and knowledge, information technology, communications, innovations and knowledge are making a difference, all this has had repercussions on social and environmental problems of the poorest countries, Environmental as developed countries have taken their polluting manufacturing companies to the poorest. That is why the gap can be reduced by taking advantage of these companies like BGV that support ventures focused on solving the problems mentioned above.
BGV offers contributions with venture capital whose mission is to improve the quality of life of societies, that is its raison d'être, was founded in 2012 and since then has helped the founding of nearly 150 companies that qualified with the requested requirement, ie the type of undertakings to which they finance, projects must be framed in technological areas applied in various forms: health, food, services, communication, environment and others.
To receive financial support is not necessary to live in the UK, but if you have your entrepreneurial company registered in the UK, the acceleration program is for 3 months face to face based on workshops, but are adjusting to do it remotely, the financial support package is in the order of 30 thousand Euros with a return that will be 7% of the capital of the company, the support is not only financial but integrate a network of mentors and partner companies, after start-up you can receive another package of funding if necessary. If you are not born in the UK to apply you must have a work visa for at least 3 months to attend the on-site program, and as mentioned before the company registered in the UK
Pros
- Funds key technological ventures to improve the quality of life.
- In only 8 years it has successfully helped more than 150 companies.
- Requests only 7% of the company's capital
- Powerful venture capital fund
Cons
- Fund applies to UK residents
