Startups Birmingham and Around the Country -We Help You Start Up and Build Your Business

The idea of starting a business is extremely exciting. It is a challenging journey that requires dedication and perseverance. When you start your own business, you are joining a unique group of people because they are the engine of any economy. They are the entrepreneurs, the inspiration for economic growth, driving industry and commerce forward.

Syedain & Co accountants Birmingham over the years have helped many people start up in business. We help startups build their businesses and we have been involved in some of the most successful businesses stories. Our accountants have helped startups across a range of sectors, and we relish helping entrepreneurs start up and build successful businesses.

These are exciting times and with a drive to encourage entrepreneurship and innovation there has never been a better time to start a new business. Our accountants help startups in a number of ways, which cover:

  • What type of business structure to adopt (Sole trader, partnership, limited company or LLP)
  • Creating partnerships and alliances
  • Raising finance from public sector bodies
  • Raising seed and venture capital from the private sector
  • Business plans

Startups Birmingham

The City of Birmingham is creating what has been described as ‘Silicon Canal’, and is fast becoming a major tech hub in the UK and Europe. Here our accountants highlight how startups can establish themselves in Birmingham:

Startup Accelerators Birmingham

Innovation Birmingham
Aimed at supporting Birmingham’s entrepreneurial tech community, Innovation Birmingham Campus runs a robust start-up support centre offering a number of packages under its Entrepreneurs for the Future (e4f) banner.

Accelerating Business-Knowledge Base Innovation Activity (ABIA)
The ABIA Project is a European Regional Development Fund (ERDF) funded initiative established to underpin growth amongst SMEs operating in the science and technology sectors in the West Midlands. ABIA focuses on the life and environmental, engineering, and medical and dental science sectors.

Science City Research Alliance (SCRA)
The Science City Research Alliance of the Universities of Birmingham and Warwick is funded by Birmingham Science City, via Advantage West Midlands (AWM), in addition to other partners.The investment is funding joint equipment and research infrastructure at both institutions. The projects build on areas of complementary existing research strength of regional/national relevance.

BizzInn, located at Birmingham Research Park is a business incubator specifically tailored for entrepreneurs, start-ups and academics to help drive forward ideas and transform innovation to enterprise. They provide 6 months free incubator space for new start-ups, SMEs or entrepreneurs looking to develop a new business idea.

Oxygen Accelerator
Oxygen Accelerator is a tech accelerator. A 13-week intensive mentor led bootcamp based in Birmingham.

Office Space for Startups Birmingham

Birmingham Research Park
Birmingham Research Park at the University of Birmingham campus offers purpose built accommodation for companies seeking to work in research, development and training.

Innovation Birmingham Campus
Birmingham Science Park Aston’s Innovation Birmingham Campus provide a 6 months’ free incubator package – worth £10,000 – for innovative tech start-ups within the Entrepreneurs for the Future centre. Hot-desking packages available within the Innovation Birmingham Campus’ Entrepreneurs for the Future centre, priced from £99 + VAT pcm. Two months’ rent free on small office suites, based on a 24 month flexible licence (3 months’ notice after first 12 months).

Time etc
If you’re starting a business in Birmingham you could get up to 12 months office space for free at Fazeley Studios in Digbeth, Birmingham. No lease, no contract and no cost. It’s one less thing to afford.

Tech Tropicana
Tech Tropicana – A new tech incubator space at & in partnership with @bhamscipark. Created by start-ups, for start-ups. Tech Tropicana ‘where Wi-Fi’s free’.

Funding for Startups Birmingham

Startup Direct
Startup Direct has chosen the thriving Birmingham start up scene as the destination for its first operation outside London. A total of £1 million in seed finance has been designated to fund around 200 new startup businesses in any sector.

Startup Accelerators

Here our accountants highlight startup accelerators that can help you establish your business:

Google for Entrepreneurs
Google bring together startup communities and create spaces for entrepreneurs to learn and work.

Microsoft Ventures is a strategic partner for promising startups around the world focused on business growth & development, industrial strength technology and beautiful usable products.

Oxbridge Biotech Roundtable
OBR is a professional organization that enables an on-campus conversation between academia and industry to move ideas forward.

Springboard combines investment capital with an intensive 13 week mentor-led accelerator programme. Whilst the Springboard program is based at Google Campus in London and ideaSpace in Cambridge, it is aimed at ambitious and scalable early stage businesses from both UK and overseas.

Tech City UK
Tech City UK accelerate digital businesses across London and the UK.

Technology Strategy Board 
The Technology Strategy Board is The UK’s innovation agency. Its role is to stimulate innovation, working with business and other partners, in order to accelerate economic growth.

Innovation Warehouse
Innovation Warehouse brings together entrepreneurs, investors and innovators. Their locations provide coworking, shared office space and access to startup growth accelerator programmes such as seed funding, angel investing, mentoring and events.

Raising Finance from the Private Sector

Here our accountants highlight organisations that provide seed capital and venture capital:

Google Ventures Europe
GV provides seed, venture, and growth-stage funding to the best companies, not strategic investments for Google. Google provide companies support in design, recruiting, marketing, and more.

Seedcamp is a new kind of fund, supporting startups from the pre-seed and seed stage. We back ambitious founders from around the world and help them build billion dollar global companies by providing them the right access at the right time to Learning, Network, and Capital.

Rock Health
Rock Health provides startups with funding and full-service support. Our partners span medical institutions, venture capital firms, and corporate strategic partners who support our portfolio with varied perspectives and strategic insights on the healthcare industry.

Techstars provides $118,000 in seed funding, intensive mentorship, and an amazing network of mentors and alumni for 7-10% equity in your company. After 90 days with Techstars, our companies average over $2M in follow on investment and more than 35 of them have already been acquired.

Y Combinator
Y Combinator created a new model for funding early stage startups. Y Combinator provides seed funding for startups.

Raising Finance FromGovernment Funding

Here our accountants highlight government funding available to kick start your business:

The Seed Enterprise Investment Scheme (SEIS) aims to encourage investment in small and early stage companies by reducing the risk to investors of investing in these types of companies. The Government introduced the SEIS as a way to promote new enterprise and boost economic growth in the UK.

Technology Strategy Board Smart Grants 
The Smart scheme tackles the funding gap often experienced by many small and early-stage companies with innovative ideas and high growth ambition and potential. It offers co-funding to UK-based pre-start-ups, start-ups, micro businesses and SMEs, to carry out science, engineering and technology R&D projects which could lead to successful new products, processes and services.

The Small Business Research Initiative (SBRI) is a well established process to connect public sector challenges with innovative ideas from industry, supporting companies to generate economic growth and enabling improvement in achieving government objectives.

Innovation Vouchers
An Innovation Voucher provides funding so that your business can work with an external expert for the first time, gaining new knowledge to help your business innovate, develop and grow.

Regional Growth Funds
The £3.2 billion Regional Growth Fund (RGF) supports eligible projects and programmes that are also raising private sector investment to create economic growth and sustainable employment. Selected bidders must drawdown their grants between 2011 and 2017.

Start Your Own Business – GOV.UK
You might be able to get help from a government-backed support scheme if you need some initial funding to test and develop your business idea. Use this finance finder tool to see what your startup could be eligible for.