It’s the first stage of preparation that will take them into a Dragon’s Den scenario next year when they pitch their business propositions to prospective financiers and investors.
Together WE WIN is designed to encourage more women inventors in Wales to take the plunge and develop their ideas into a winning business. It will be launched on Woman’s Day (Wednesday November 19) during National Enterprise Week at ATRiuM – the University of Glamorgan’s Cardiff campus.
The aim is to link inventors with women who have the relevant business skills and entrepreneurial experience which are considered a winning combination for creating a successful enterprise.
It is hoped that up to twelve teams of women with different but complementary skills will take up the challenge and over the next five months develop and progress their respective inventions from the initial concept through to product prototype.
They will pitch their ideas before a panel of investors on International Women’s Day - 12 March 2009
The Welsh Assembly Government’s Wales Innovators Network and the University of Glamorgan’s Women’s Entrepreneurship Hub are jointly driving the project which has created tremendous interest.
The launch day is the first of several intensive ‘training’ days when delegates will be given independent advice on a range of subjects from patenting products to packaging in order to help them turn a business opportunity into a business plan.
Ieuan Wyn Jones, Minister for the Economy and Transport, said Enterprise Week was designed to encourage and celebrate enterprise and this year has a special focus on providing practical help and expert advice to assist Welsh businesses and entrepreneurs fight the recession.
Together WE WIN has been specifically designed to encourage more women inventors turn their ideas into commercial propositions and address the balance and under representation among women in relation to invention.
The British Female Inventor and Innovator of the Year Awards and conference held earlier this year in Cardiff provided clear evidence of the need and demand for both relevant support and greater signposting to enable women inventors to realise their aspirations.
The Assembly Government in partnership with the University of Glamorgan is piloting this project to provide the support needed to open up new opportunities.
18 November 2008