Wednesday, September 05, 2007

A new UK social networking venture

260 start-up businesses applied to the Seedcamp contest but only 20 were selected to a weeklong series of workshops that will include coaching from tech stars from the great and good (Oracle, Google, Yahoo and Microsoft). The three winners will be given €50,000 (£34,000) each and will stay in London for a further three months’ and have the chance to sell their ideas to established investors. Much more about this event is in The Times.

The reason for telling you this is that one of the finalists is, a social networking site for the 50-plus. I know one of the founders of the company and wish her well. This is a very positive sign that the entrepreneurial/investor community can see value in such a venture. Fingers crossed they are one of the final three winners. Dick Stroud

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