Entrepreneurs in pitch to win attention and investment of Dorset Business Angels
Several times a year Dorset Business Angels (DBA) investors invite businesses to pitch for investment in a Dragon’s Den style scenario which takes place at venues across Bournemouth. At its latest event in September, at the Royal Bath Hotel, entrepreneurs were vying to win the attention and investment of the successful DBA investors and 4 impressive pitches were made.
DBA was formed in 2013 with the aim of being a catalyst in Dorset to bring together entrepreneurs and investors to help accelerate the growth of start-up businesses. Their vision is to turn Dorset into one of the UK’s best regions for setting up high growth and start-up businesses by providing quality private equity investment opportunities to local high net worth and sophisticated investors.
DBA Chairman Don McQueen opened the event and welcomed the diverse mix of entrepreneurial talent. Eager to impress the Angels was a Bournemouth-based start-up company which is aiming to change the way groups of people socialise. Their project is a chain of attractions based upon the ‘Escape-Room’ concept, but with a Crystal Maze twist. The concept has been hugely popular in the US and Europe and the company believes that the UK market will now deliver similar rapid growth. Several DBA Angels expressed interest in pursuing a conversation with the young entrepreneurs.
A music score streaming company offered the DBA angels the opportunity to invest in the first music-streaming service for scores, parts and educational material. They are developing a digital application for a broad range of users and genres to fill a need in the market and is currently signing up the industry’s major publishers. Negotiations are at an advanced stage with 4 major music publishers, as well as a broad spectrum of smaller and more boutique content providers. Again, various DBA Angels are going to take the conversation forward with the company.
A team offering care services hi lighted how it is becoming increasingly difficult for people to find trusted professionals for housekeeping, childcare and elderly care service. The company showed how it allows its customers to choose their preferred professional from a list of locally available, pre-vetted professionals that meet the client’s criteria. It is an online marketplace with search, matching, scheduling, feedback and booking functionality. A search algorithm uses customer postcode, selected services and preferred date to match with locally available registered professionals. Concerns were expressed by several DBA investors on overcrowding in this particular market place.
Finally, a business that has the global baby monitor market in its sights informed the DBA about their patent-filed innovative solution. It includes connected wearable monitors, supported by wrap-around services to promote both mother and baby wellbeing with tailored data-based advice and practical support for confident parenting. Lots of good questions were asked by the Angels and it became clear that this company will be watched with interest by investors.
DBA Don McQueen enthused, “The quality of all of the pitches was fantastic and the questioning from a vibrant and dynamic group of Angels was very satisfying to see.”
The next DBA Investor pitch event will take place on Monday 28th November at 6pm. Businesses interested in registering are advised to visit www.dorsetbusinessangels.co.uk. Dorset Business Angels will be hosting a conference in October 2017.