Business

Entrepreneur programme encourages companies to scale up

Launching the Way to Scale programme are (from left) Stephen Wightman (Invest NI), Cathy Keenan (Belfast City Council), Ronan Cunningham (Brainwave Bank) and John Knapton (Catalyst)
Launching the Way to Scale programme are (from left) Stephen Wightman (Invest NI), Cathy Keenan (Belfast City Council), Ronan Cunningham (Brainwave Bank) and John Knapton (Catalyst) Launching the Way to Scale programme are (from left) Stephen Wightman (Invest NI), Cathy Keenan (Belfast City Council), Ronan Cunningham (Brainwave Bank) and John Knapton (Catalyst)

TEN early-stage technology companies wanting to scale their business operations will take part in the next Way to Scale programme run by not-for-profit organisation Catalyst.

With the support of Belfast City Council and Invest NI, the programme gives a select group of chief executives the chance to participate in an intensive entrepreneur development boot camp that spans Northern Ireland and the USA in 2020.

Participants will be 3EN, Appbuilder, Automated Intelligence, Brainwavebank, Cadshare, Cattleeye, Core Systems, Datactics, Humain and Team Feepay.

Kicking off at world-leading technology and business university Massachusetts Institute of Technology (MIT), the week-long residential entrepreneurship development programme will also connect Northern Ireland CEOs with 100 other international CEOs.

Continuing with five tailored strategy workshops at Catalyst Belfast, it then culminates in another week-long bespoke residential in Boston, which will focus on go-to-market strategies and tactics that will deliver a scalable business plan for each company.

Those who took park in a previous Way to Scale programme have demonstrated extraordinary growth and are on course to double their cumulative revenue within 12 months and add 50 per cent to direct employee numbers.

John Knapton, director of growth and scaling at Catalyst, said: “This elite global programme will give Northern Ireland CEOs the chance to tap into an international network and learn from the most experienced and successful entrepreneurs on the planet.

“To be considered, the individual must be the company chief executive, demonstrate real revenue of £500,000, or have investment in place to grow and, most importantly, have an ambition to scale their business to £100m-plus in value.

“Every single participant will come away with the confidence, ambition, leadership and strategic skills to succeed, as well as creating a lifetime cohort of local and international peers who can give them ongoing support.”