FAQ

Frequently Asked Questions

The Grad Factor is a vehicle to help you get started in business. Below we’ve compiled answers to the most frequently asked questions. If you have any other questions then please feel free to contact us directly by emailing our team to: enterprise@gradfactor.co.uk.

1ABOUT THE GRAD FACTOR: What is The Grad Factor?

The Grad Factor is an annual National business pitch contest and the largest televised event of its kind in the UK. It is open to all UK University students of any age studying any discipline and is free to enter. Furthermore, it seeks to support in a complimentary manner all enterprise-driven activities across Higher Education delivered via the various Universities nationwide. It is supported by StartUp Britain, Government-endorsed, and operated by StartUp Factor Limited, the parent organisation of the brand.

2Why Enter?

Because it’s free to do so and provides students with a unique opportunity to be showcased on a National platform! You also get to meet with like-minded students from all over the UK. You may even find your next team member or first client! Depending on our partner(s) you also get to win BIG too! In 2014 The Grad Factor partnered with Barclays. In 2015, The Grad Factor will be partnered with RBS & NatWest, along with StartUp Britain and our co-sponsor, Innovify.

3I need investment. How do I apply?

Fill out the application form on our parent company website (visit: www.startupfactor.co.uk), and on receipt of your application, you will be contacted within 2 working days. We will explain the next steps for you then.

4Who decides whether I get investment?

StartUp Factor is partnered with a large number of Angel Investors and Investor networks in order to be able to introduce you to the right kind of prospective investor for your business. Ultimately the decision is based on the individual and the business plan, once we’ve made the initial introduction for you, but our Advisors can help you become ‘investor-ready’.

5How much can I ask for?

Every investment application is considered according to the needs of your business, with an average size of investment normally around £50,000-£100,000. The final investment size however, will be determined by your business plan and can be a lot higher or lower.

6MENTORING: What is a mentor?

A mentor is an individual with business experience who will provide support and guidance to help make your business a success.

7What makes a successful mentor?

The ability to provide guidance, along with the desire to support the next generation of entrepreneurs. A good mentor will not tell you how to run your business; instead they will assist you in learning how to make plans and strategies that will enable you to make the right decisions for your business.

8How do I become a mentor?

If you would like to become a mentor for StartUp Factor, please contact our Enterprise Team by email to: enterprise@gradfactor.co.uk. One of our Senior Management team will get in touch with you within 3 days to discuss the position and arrange a meeting where appropriate.

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