New initiative from Lancashire-born entrepreneur and Silicon Valley venture capital investor, Ash Rust
The Sterling Road Grant Fund will award £75,000 to startups with NW founders and underestimated founders
Manchester, UK, 15th June 2022
Early-stage founders and startups in the North West of England are being invited to apply for a new grant programme spearheaded by Silicon Valley venture capital firm, Sterling Road.
The initiative is the brainchild of managing partner Ash Rust, a native Lancastrian, turned entrepreneur and investor. The Sterling Road North West Grant Fund programme will provide £1,000 grants to founders with promising business ideas or companies — with the goal of jump-starting or supporting each project. For the next three years minimum, the programme will see 25 companies per year across such sectors as technology, SaaS, FinTech, and more.
Rust is keen to directly reinvest in the North West, where he has too often crossed paths with under-estimated founders, who might have additional challenges when seeking loans or financing.
“As a born and bred Northerner, I know that the North West of England has a deep pool of talent and creativity, but lacks access to capital. Our hope is that initial grant winners continue their growth where Sterling Road can invest multiple times long term. I want to grab this opportunity to give back."
The grant process involves a simple online application at www.sterlingroad.com/UKgrantNW with a short 2 minute video pitching your idea or business. You do not need a pitch deck to apply; simply share how your big idea solves a meaningful problem for customers.
Shortlisted applicants will then have a Zoom interview with Rust and his team, with the first winners onboarded from July 2022. The grants have no restrictions and can be used to purchase equipment, advertise, hire, or pay the bills needed to launch your idea forward.