The UK has extended its £250 million rescue package for startups struggling during the COVID-19 pandemic.
"I still don't have a sense of smell, my taste is still distorted," she tells Business Insider over a Zoom call. Would these investors have backed Canaree if a pandemic hadn't put everything on ice? "You can't say until a round is closed," says Brodersen. "But it was very clear the conversations changed."
To qualify for the Future Fund, startups must be venture-backed and have raised at least £250,000 in equity over the last five years. At least half of the company's employees or revenue must be UK based and startups must already have obtained match funding from private investors when applying to the fund.
"Then it was all about getting the paperwork together and being ready to apply because they talked about a pool of money and when that was gone, it was gone," she continues. "It was quite a crazy week ... We didn't know when [the fund] would open for application, they just said some time from May so from May 1 we needed to be ready."
Only 155 companies have successfully landed rescue cash from the Future Fund so far, and Brodersen knows that others will slip through the cracks thanks to its narrow criteria.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
What a great feature. Big things to come from Sara and the rest of the Canaree team!
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the path to Dun & Bradstreet's $1.7 billion IPO - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Check out our article of a SoftBank company IPO tomorrow
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Montenegro's Aman Sveti Stefan, where the rich vacation - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. For each virus headline, two more virus headlines grow. COVID19 is like the mythical monster Hydra. i stayed here back in 2018, it is amazing and worth every penny!!! 🥰🥰
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside Chinese smartphone giant Vivo's 32-floor tower HQ - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. They said they gonna built this in Delhi. They betrayed me. vivopakistan you should consider this as well & it's not impossible.
Source: BusinessInsider - 🏆 729. / 51 Read more »
How Quibi is working with influencers, inside its strategy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The status quo wins another day.
Source: BusinessInsider - 🏆 729. / 51 Read more »
SURVEY: VCs value business profitability over founder pedigree - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The watering down of the VC space continues. Honestly...what’s the appeal anymore You mean they are actually looking at spreadsheets with profits projections? What a joke!
Source: BusinessInsider - 🏆 729. / 51 Read more »
COVID-19 helped this small syringe business boom. Then came the taxpayer-backed windfall.Industry insiders and lawmakers question how RTI can be both a struggling business in need of PPP funds and a manufacturer able to execute a major contract. Damn I thought it was the heroin users lol Thank Trump for the stupidity. Greed
Source: NBCNews - 🏆 10. / 86 Read more »