Technology incubator SETsquared Bristol, led by the University of Bristol, is relaunching its Breakthrough Bursary for the fourth year, continuing its commitment to tech inclusivity.聽
The bursary is for UK tech entrepreneurs from a minority ethnic background, providing access to tailored business support at heavily discounted rates. This includes coaching and mentoring, advice clinics, events, skills and training workshops and support to raise investment.
Awardees also benefit from SETsquared鈥檚 supportive community and three months free access to desk space in a shared office at Engine Shed.
The initiative is kindly funded by SETsquared Bristol alumni members and the University of Bristol.
Fourteen companies have been recipients of the bursary to date including South West-based startups FluoretiQ, Gritty Talent and LatchAid, and have raised a combined 拢2.7 million in investment.聽
Inclusivity tracking tool Inclued was one of five bursary awardees in 2021. Inclued founder and CEO Joyann Boyce (pictured) said: 鈥淢y experience of the Breakthrough Bursary has been nothing but positive.聽
鈥淎s an entrepreneur you often feel like you are out there on your own, but SETsquared Bristol provides a supportive community of founders at all stages.聽
鈥淎ccess to the Entrepreneurs in Residence has been fundamental to mapping out our investment strategy.鈥澛�
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Since SETsquared Bristol launched the Breakthrough Bursary in 2019, companies at the incubator with founders from a minority ethnic background have increased from 14% to 24%. This compares favourably to the UK average where less than 9% of senior tech leaders are from a minority ethnic background.聽
鈥淚nclusive and sustainable growth is more vital than ever in our current climate,鈥� said Marty Reid, SETsquared Bristol director.聽
鈥淥ur ambition is to work towards levelling the playing field for minoritised groups within the tech sector by improving access to support, investment and networks. We look forward to welcoming new awardees with exciting ideas to our community.”
Another of last year鈥檚 bursary recipients, Ali Kazmi – founder of the UK鈥檚 first dedicated, ethically compliant investment platform Ethical Equity – said: “Being part of SETsquared Bristol via the Breakthrough Bursary has been instrumental to our success. In particular, having access to market/founder insights and SETsquared鈥檚 extensive network.”聽
Any UK-based entrepreneurs from a minority ethnic background can apply for the Breakthrough Bursary if they are developing a tech startup, or growing an existing company.