Million Pound Startup – London Launches Global Hunt for the Next £100 Million Technology Company to Come to London

MUMBAI, May 31, 2013 /PRNewswire/ --

- Indian Startups get a Chance of Getting Million Pound Funding

- Ketchum Sampark to Support This Initiative in India

A ground-breaking global competition to bring a high-growth technology company to London with £1 million of investment has been launched and is also open for Indian start ups. The Million Pound Startup aims to showcase London as a prime location for building global digital and technology businesses. The official website of the global competition is www.millionpoundstartup.com. Ketchum Sampark will be supporting this global initiative in India.

The competition is facilitated by Digital Shoreditch and supported by a growing number of leading businesses and organisations, including The Mayor of London, The Tech City Investment Organisation (TCIO), Taylor Wessing, Seedrs, City University London, London & Partners, London First, Schools for Startups, KPMG and Ketchum. The winning company will not only receive £1 million but will also receive dedicated support and assistance from the partners, as it set up its operation in London.

The dynamic young company will need to show that they have the capability of using the £1 million equity investment to build a £100 million company based in London. Entrant turnover must be less than £1 million per year and the company must have been trading for fewer than 10 years. The competition is open to entries until 12:00 p.m. August 29^th, 2013, with the final taking place late summer 2013.

The £1 million is being sourced through a combination of angel funding, venture capitalists and equity crowdfunding. The FSA regulated investment platform Seedrs is running the investment process. The contest partners and judges will work together to ensure the winning company is of high-calibre and successfully completes due diligence. Potential investors can learn more and express interest on the website.

Boris Johnson, the Mayor of London, said: "London is a terrific home for technology start-ups and a world leader in this booming sector. This competition is an aptly innovative approach which I hope will unleash even more of the entrepreneurial talent for which this city is renowned." 

Kam Star, founder of Digital Shoreditch, commented: "The east London digital and tech cluster around Shoreditch is an amazing place for startups with high growth potential due to first class support networks and like-minded entrepreneurs. We're running one of the world's largest competitions in history to attract high growth potential companies from the digital and tech space around the globe to London."

About Ketchum Sampark:

Ketchum Sampark is an independent strategic communication consulting firm set up to assist in image enhancement of corporations and provide clients with a wide range of services for the expanding Indian market including public relations, crisis management, marketing communications, special events planning and assistance.

Founded in 1994 by communication specialists Bela Rajan and N. S. Rajan, Ketchum Sampark employs more than 100 professionals across 7 offices in India (Mumbai, New Delhi, Kolkata, Chennai, Bangalore, Pune and Hyderabad). Ketchum Sampark also has a network of more than 80 associate offices extending throughout the country.

After being a preferred partner of Ketchum Inc., one of the top 3 global public relations agencies operating in more than 50 countries, Ketchum (part of Omnicom's Diversified Agency Services (DAS) division), in early 2011 acquired a majority stake in Sampark P R Pvt. Ltd. The joint alliance is now Ketchum Sampark Pvt. Ltd.

For more information, visit www.ketchumsampark.com

Primary Media Contact: Vikas Sahni, [email protected], 91-989-2629404