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Fund supports next generation of entrepreneurs

An investment company that will champion the next generation of entrepreneurs and wealth creators, and build exciting breakthrough businesses, has been launched in Birmingham.

Tani Dulay, chief executive of property investor and developer Woodbourne Group, has unveiled a new early capital and pre-seed accelerator fund which will support other talented entrepreneurs.

Woodbourne Ventures has £1 million allocated to back promising Birmingham-based businesses. Its aim is to help the city’s entrepreneurs build successful businesses that will generate jobs and attract further investment to the region.

Tani said: “It is enormously exciting to announce the launch of Woodbourne Ventures, a fund founded by entrepreneurs for entrepreneurs. This early-capital and pre-seed accelerator fund will enable remarkable entrepreneurs to build breakthrough businesses right here in Birmingham.

“We take our inspiration from the ideas, dreams and goals of talented individuals looking to take their vision to the next level. By being there at the very beginning, we will give founders the best platform to grow through the first stage of business development and then raise the necessary later-stage capital.

“Birmingham is such an exciting, vibrant city with a true entrepreneurial spirit which has been evident since before it became the city of a thousand trades. For start-ups it is the place to be, with access to a young and educated workforce, and support available from organisations such as the West Midlands Growth Company and Woodbourne Ventures.

“We have a very successful track record in business and it is this inside knowledge of the start-up and growth process that informs everything we do. We will give our all to help these new businesses succeed and, with that in mind, we prefer to be the lead investor.”

Four companies have received funds to date – a clean-tech business that produces net zero concrete; a sustainable loungewear company; a fintech trading business; and the fourth is a web3 based company which is to be announced shortly. 

Andy Street, Mayor of the West Midlands, said: “Woodbourne Group have already demonstrated a rock solid commitment to Birmingham with their £360 million plans to create the landmark net zero carbon ready Curzon Wharf development. 

“I am pleased to hear they are now doubling down on their commitment to Birmingham with the unveiling of Woodbourne Ventures – a wonderful initiative in support of local entrepreneurs which I wholeheartedly welcome and which is so at home here with our famously ‘can-do’ attitude and vast array of cutting edge companies."

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