Local businesses on the Somerset Catalyst Programme have seen incredible growth since they began their journey on the bespoke business support programme in September.
Despite the challenges of 2020, they have launched new ventures, pivoted existing businesses to adapt to the pandemic, landed six figure contracts, and raised thousands of pounds of finance from angel investors and communities.
Funded by the Somerset councils, Somerset Catalyst is part of a wider business support programme that is rolling out across the county. Its goal is to create the necessary positive culture, support system and infrastructure to create economic growth that will ripple across all its communities and put Somerset on the innovation map of the UK.
The 2020/21 cohort included a diverse range of businesses, from pre-start-ups to a 90- year-old 3rd generation family business. They were from a variety of sectors that included food and drink, beauty, biotech laboratory automation, augmented reality, circular economy, and social enterprises.
As the 2020/21 programme draws to a close, Peter Birkett, Somerset Catalyst Programme Lead and Mentor, said: “It has been incredibly rewarding to work with such a diverse and talented group of entrepreneurs over the course of the programme. Despite the challenges of 2020, they have not only survived but thrived, and we have no doubt that they will continue to get stronger. We are really excited about the future for each and every one of them.”
The six-month programme saw each entrepreneur receive 1-2-1 coaching, take part in weekly peer group workshops, and present their developed business plans to carefully selected experts within-depth knowledge and skills relevant to their industry.
Since joining the Somerset Catalyst programme, Yumello, the Atlas Mountains-inspired nut butter brand, has seen a 350%YOY growth and secured two investments, each worth over £100,000.
Esther Lopez, Co-Founder of Yumello, said: “Since we joined the programme we have grown very fast. One of our main objectives for 2020 was to raise investment, and we managed to raise £250,000, some from our online community and some from angel investors. I can hand on heart say that without the Somerset Catalyst programme we wouldn't have been able to do that.”
IN Reality is a virtual reality business that specialises in rail operator training. Since joining the Somerset Catalyst programme they have secured an initial six figure contract with a major international rail operator.
Chris Jones, founder and CEO of INReality, said: “We have been on a few national business support programmes and theSomerset Catalyst programme has been the best by far. I would say to anybudding entrepreneur, if you've got a business idea then get on the programme.”
Indy Fear started on the programme withan entirely different business idea but seeing the impact the pandemic washaving on the mental health and wellbeing of young people, she went back to thedrawing board and created Next Steps Generation, a social enterprise that promotesand supports the positive mental wellbeing of children from a young age.
Indy said: “During such uncertain times,this programme could not have been better timed. I was stuck wondering where myfuture was, and I needed the support and help to nudge me into gear. I cannotthank my mentors enough. They have boosted my confidence and given me the toolsand information I needed to stay focused. There really aren’t words for howgrateful I am for this programme. My dream really feels like it might come true.”
Ashmira Botanica is based in Taunton andproduces a luxurious range of natural waxing products for salons and spasacross the UK and overseas.
Tracey Smith, the founder of AshmiraBotanica, said: “I didn't realize until I joined the programme that I've alwayshad a small business mentality. I've always wanted to have a big business, butI didn't actually know how to do it. The team at Somerset Catalyst managed topinpoint for me where I've been going wrong and showed me the steps that Ineeded to take to grow. I'm really, really excited about the future.”
Simon Whitehead startedhis franchise Zedify Bristol during the programme. He said: “It was a privilegeto have been selected to take part in the programme and I would thoroughlyrecommend it to future applicants. There needs to be more of this available forstartups and small businesses, especially in rural areas like Somerset. Thereis a heap of talent out there who just need a bit of a steer, support andextended knowledge to encourage them to take the leap and achieve theirbusiness goals.”
Karen Jolly is the founder of EskeezThermals. She said: “The Catalyst programme has breathed new life into ouractivities. Working in a confidential environment with companies across a widerange of activities has broadened our contacts and demonstrated that despitebeing in different industries, we can help and support each other.”
To find outmore about the Somerset Catalyst programme and how to apply for the 2021 cohortvisit: www.somersetcatalyst.co.uk.
Full list of companies in Notes to Editor.