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19/01/06

£10,000 cash prize for innovators

Lloyd Grossman launched the 2006 Merseyside Innovation Awards at Liverpool Science Park last night.

The award aims to recognise and reward the use of innovation as a means of boosting growth and profitability.

Merseyside Innovation Award is open to individuals or companies with less than 50 employees who are based within Merseyside. They will be eligible to win £10,000 cash, £4,000 of consultancy from some of the regions leading business advisors and publicity for their idea.

Chair of the judging panel, Brian McCann, Managing Partner of Hurst and Co said: "Over the last few years the number of applications has soared. Merseyside is a breeding ground for many world-class innovations and the next few months will be an exciting time as we examine all the entries and select the shortlist. I would urge anyone with a great idea or product to fill in an application form and see what happens."

Liverpool Ventures is a sponsor of the awards. Steve Nesbitt CEO of Liverpool Ventures assesses businesses before application to the Liverpool Seed Fund. He said "I’m looking forward to being involved with the businesses applying to the Merseyside Innovation award. There is so much innovative creativity on Merseyside that this year promises to bring even more entrants. There is now -for the first time -£27m cash available from the Liverpool Seed Fund to enable these ideas to be commercialised. All businesses gaining an investment from Liverpool Seed Fund will automatically qualify for Liverpool Ventures Support."

Each month from now until May a monthly winner will be selected to join the shortlist before the grand final in July where three finalists showcase their products before an audience of entrepreneurs and other leading figures in the business community.

Each monthly winner will receive a commemorative certificate and a licence to use the Awards for marketing purposes.

Application forms from: www.merseysideinnovationawards.co.uk


Ends

For more information about Liverpool Ventures contact:
Gillian Hunt
Liverpool Ventures
Tel: 0151 236 0500 | 0151 236 4040


*Alliance Fund Managers (AFM) is regulated by the FSA in the course of investment business

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