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This programme contains some strong language. | 0:00:02 | 0:00:07 | |
In an age of austerity and recession, Scotland needs more fresh, new businesses. | 0:00:07 | 0:00:11 | |
In Glasgow and in Ayrshire, more than 100 budding entrepreneurs | 0:00:11 | 0:00:15 | |
have come together in a programme designed to nurture | 0:00:15 | 0:00:19 | |
and accelerate their growth. | 0:00:19 | 0:00:21 | |
Everything you do is intentional. | 0:00:21 | 0:00:23 | |
You make the damn best pitch you can! | 0:00:23 | 0:00:26 | |
This is a business accelerator, | 0:00:28 | 0:00:30 | |
the scale of which has never been seen before in Britain. | 0:00:30 | 0:00:33 | |
You've come into Entrepreneurial Spark. Why are you here? | 0:00:35 | 0:00:39 | |
I'm here to become more of a businessman. | 0:00:39 | 0:00:42 | |
Entrepreneurial Spark was set up by former police sergeant Jim Duffy | 0:00:42 | 0:00:47 | |
and his co-founder, businessman Brian McGuire. | 0:00:47 | 0:00:51 | |
It's a not-for-profit organisation designed solely to help | 0:00:51 | 0:00:55 | |
entrepreneurs through those difficult early stages | 0:00:55 | 0:00:58 | |
of setting up a new business. | 0:00:58 | 0:00:59 | |
Close your eyes. I want you to feel it. | 0:00:59 | 0:01:02 | |
ALL: I'm great. I'm powerful. I'm magnificent. | 0:01:02 | 0:01:06 | |
There is no money in the bank account yet. | 0:01:06 | 0:01:08 | |
And actual expenses are going on my personal credit card. | 0:01:08 | 0:01:12 | |
I know this will work Retailers are facing a problem. | 0:01:12 | 0:01:16 | |
It's a 200 billion pain in the ass. | 0:01:16 | 0:01:18 | |
These entrepreneurs come from all walks of life, | 0:01:20 | 0:01:22 | |
each with their own definition of success. | 0:01:22 | 0:01:25 | |
The masterplan is to build something big. | 0:01:25 | 0:01:28 | |
Have lots of success, buy a yacht, sail round the world, | 0:01:28 | 0:01:30 | |
and then start all over again. | 0:01:30 | 0:01:33 | |
Well, basically, what I want to do is... I want to get my hair cut. | 0:01:33 | 0:01:37 | |
OK, I mean, I don't have a penny. | 0:01:37 | 0:01:40 | |
This isn't a game show. This is real life. | 0:01:40 | 0:01:43 | |
This is business in the raw. | 0:01:43 | 0:01:45 | |
And look, we've even got our own pens. | 0:01:45 | 0:01:48 | |
How posh is that! | 0:01:48 | 0:01:49 | |
But with a third of all start-ups | 0:01:49 | 0:01:51 | |
failing within their first three years, | 0:01:51 | 0:01:53 | |
can this initiative really make a difference? | 0:01:53 | 0:01:55 | |
-What's your profit in year one? -What's my profit in year one? | 0:01:55 | 0:01:58 | |
See, whuph, you should have that off the top of your head. | 0:01:58 | 0:02:01 | |
I'm focusing on you, Mark. | 0:02:01 | 0:02:02 | |
What the fuck are you going to do? | 0:02:02 | 0:02:04 | |
I'm scared! | 0:02:04 | 0:02:06 | |
I've been working on it for two years | 0:02:08 | 0:02:10 | |
to get the foundations as solid as I can. | 0:02:10 | 0:02:13 | |
I'm not going to fuck it up now. | 0:02:13 | 0:02:15 | |
All my cards are on the table. I'm all in. | 0:02:15 | 0:02:18 | |
And, so, yeah. This has to work. | 0:02:18 | 0:02:21 | |
And it will work. | 0:02:21 | 0:02:22 | |
The definition of entrepreneur. | 0:02:22 | 0:02:25 | |
Wow. There are so many definitions of entrepreneur. | 0:02:25 | 0:02:29 | |
For me, I have the simple definition. | 0:02:29 | 0:02:32 | |
If I think I am one, I am one. | 0:02:32 | 0:02:35 | |
The first ESpark centre, or "hatchery" as Jim calls it, | 0:02:43 | 0:02:47 | |
was opened in the Gorbals in early 2012. | 0:02:47 | 0:02:51 | |
A second hatchery in Ayrshire followed soon afterwards. | 0:02:51 | 0:02:54 | |
Every few months, potential candidates, | 0:02:55 | 0:02:58 | |
or "chicklets" as Jim calls them, are invited to the hatcheries, | 0:02:58 | 0:03:01 | |
where they pitch their ideas to Jim and his dedicated team of enablers. | 0:03:01 | 0:03:06 | |
-How can we help you in here? -Don't know. | 0:03:06 | 0:03:09 | |
I'd be hoping you'd tell me that. That's brilliant. | 0:03:09 | 0:03:13 | |
The business idea is important, | 0:03:13 | 0:03:15 | |
but it's not the only criteria for entry to the hatchery. | 0:03:15 | 0:03:19 | |
Anybody can come up with an idea. | 0:03:19 | 0:03:20 | |
But can you actually turn that idea into a reality? | 0:03:20 | 0:03:23 | |
You know, the idea might look great, but you meet the person | 0:03:23 | 0:03:26 | |
and it's never going to happen. | 0:03:26 | 0:03:29 | |
There is limited space within each intake | 0:03:29 | 0:03:31 | |
and the candidates have to be whittled down to a final few. | 0:03:31 | 0:03:34 | |
-What do you do to switch off? -I don't. | 0:03:34 | 0:03:37 | |
Definitely loved them. Loved their attitude. | 0:03:37 | 0:03:39 | |
You liked them because you saw the entrepreneurial grafter. | 0:03:39 | 0:03:43 | |
What was the story? I liked the idea on paper. | 0:03:44 | 0:03:49 | |
It's brilliant. | 0:03:49 | 0:03:50 | |
One chicklet already well into their ESpark adventure | 0:03:50 | 0:03:54 | |
is 44-year-old Steve Broadfoot. | 0:03:54 | 0:03:57 | |
Steve's a former tour manager who's travelled the world | 0:03:59 | 0:04:03 | |
with some of Scotland's top bands. | 0:04:03 | 0:04:05 | |
His time on the road, surrounded by loud music, | 0:04:05 | 0:04:08 | |
was the inspiration for his wearable and practical ear protection product. | 0:04:08 | 0:04:13 | |
What I'm doing is attaching earplugs to lanyards. | 0:04:13 | 0:04:19 | |
Steve was making the products by hand, | 0:04:19 | 0:04:21 | |
but now he's found a local manufacturer in Paisley. | 0:04:21 | 0:04:25 | |
What he doesn't have yet is a name. | 0:04:25 | 0:04:29 | |
Get your thoughts on it. Just lay out my ideas | 0:04:29 | 0:04:32 | |
and my thought processes just a bit more clearer than in the email. | 0:04:32 | 0:04:35 | |
Branding is an essential part of launching any new product | 0:04:35 | 0:04:39 | |
and Steve's recruited graphic designer Piers to develop | 0:04:39 | 0:04:42 | |
an image for his company. | 0:04:42 | 0:04:44 | |
I'd love to go away today and have a final three, let's say, names | 0:04:44 | 0:04:48 | |
we can push forward so I can get a feel | 0:04:48 | 0:04:51 | |
for how you see the brand being. | 0:04:51 | 0:04:53 | |
The kind of line that I've gone down so far, is words like ear, | 0:04:53 | 0:04:58 | |
hear, earshells or lugshells or something like that. | 0:04:58 | 0:05:02 | |
Shell, lugs, or shellugs. | 0:05:02 | 0:05:04 | |
Lugs, you know, are Scottish lugs | 0:05:04 | 0:05:07 | |
so LugPlugs works quite well. | 0:05:07 | 0:05:09 | |
It's very much like you are trying to name your child, basically. | 0:05:09 | 0:05:14 | |
With Stevie, it's as precious as naming your own child. | 0:05:14 | 0:05:18 | |
It's something very personal for Steve. | 0:05:18 | 0:05:21 | |
Frustratingly, just as Piers leaves, Steve makes up his mind. | 0:05:21 | 0:05:25 | |
I'm thinking just on doing LugPlugs and run with it. | 0:05:25 | 0:05:30 | |
I like it. To be honest, the reason why I like it is cos it's Scottish. | 0:05:30 | 0:05:34 | |
Scotland has traditionally been well represented in the food industry | 0:05:37 | 0:05:41 | |
and at ESpark there's no shortage of chicklets with food-based ideas. | 0:05:41 | 0:05:46 | |
There's chocolatier Jackie Wynne. | 0:05:46 | 0:05:48 | |
It's a passion that I have. | 0:05:48 | 0:05:50 | |
When people get a gift, | 0:05:50 | 0:05:51 | |
there's nothing more I love than when they say, "That's amazing. | 0:05:51 | 0:05:54 | |
"I love that chocolate," cos that's something I've made. | 0:05:54 | 0:05:58 | |
Then there's 43-year-old dog lover Chris Loutit. | 0:06:00 | 0:06:03 | |
She's developing a range of natural dog treats after discovering | 0:06:03 | 0:06:07 | |
what ingredients go into some of the products currently on the market. | 0:06:07 | 0:06:11 | |
The manufacturers use things like head, feet, feathers, wool, | 0:06:11 | 0:06:15 | |
cancerous tissue and tumours. | 0:06:15 | 0:06:19 | |
Is that the kind of things you want to be feeding your dog? | 0:06:19 | 0:06:24 | |
The treats are suitable for all dogs, | 0:06:24 | 0:06:26 | |
especially those with sensitive tummies. | 0:06:26 | 0:06:28 | |
I actually made 11,000 of these little cookies. | 0:06:28 | 0:06:32 | |
And that was a trial with 100 dogs. | 0:06:32 | 0:06:35 | |
I wouldn't wish to do that every week. | 0:06:35 | 0:06:37 | |
One ESpark foodie who's well on the way to getting his product to market | 0:06:37 | 0:06:42 | |
is 33-year-old Donnie Maclean. | 0:06:42 | 0:06:45 | |
With the help of a renowned nutritionist, Donnie has invented | 0:06:45 | 0:06:49 | |
the world's first nutritionally balanced pizza. | 0:06:49 | 0:06:54 | |
What we've done is what I call "health by stealth". | 0:06:54 | 0:06:57 | |
Everyone knows we should be eating a balanced diet, but we're just | 0:06:57 | 0:07:01 | |
making it easier by doing it with a product that they're likely to eat. | 0:07:01 | 0:07:05 | |
Very quickly, Donnie managed to secure deals | 0:07:05 | 0:07:08 | |
with two of the big four supermarkets | 0:07:08 | 0:07:10 | |
and outsourced manufacture to the Edinburgh pizza makers, Cosmo. | 0:07:10 | 0:07:14 | |
Some teething problems with up-scaling the recipe | 0:07:15 | 0:07:19 | |
for Asda's first big order gave Donnie cause for concern | 0:07:19 | 0:07:23 | |
but they managed to turn the order around. | 0:07:23 | 0:07:26 | |
Bit of a rollercoaster. | 0:07:26 | 0:07:28 | |
Five hours of hard graft amongst the team at the factory, so yeah, | 0:07:28 | 0:07:33 | |
we're on track and if anything it's probably better than it was before. | 0:07:33 | 0:07:38 | |
It's an exciting time, and a major achievement for Donnie. | 0:07:44 | 0:07:48 | |
Today is the first time | 0:07:48 | 0:07:50 | |
he'll get to see his pizzas on supermarket shelves. | 0:07:50 | 0:07:53 | |
Should be...just down here. | 0:07:55 | 0:07:59 | |
Ah, brilliant. | 0:08:00 | 0:08:05 | |
Say "balanced"! | 0:08:11 | 0:08:13 | |
It's a big section. You can see, | 0:08:15 | 0:08:17 | |
there's only three other brands and their budget is huge. | 0:08:17 | 0:08:21 | |
We've managed to do it on a shoestring, so far. | 0:08:21 | 0:08:24 | |
Obviously, we have to make sure we do sell so we can keep them in here. | 0:08:24 | 0:08:28 | |
It's definitely exciting. | 0:08:28 | 0:08:32 | |
A week later, it's the official launch | 0:08:35 | 0:08:38 | |
and Donnie has an unusual idea to help with promotion. | 0:08:38 | 0:08:41 | |
He's commissioned an ice sculpture to attract people's attention. | 0:08:43 | 0:08:47 | |
The ice sculpture is certainly pulling in the crowds, | 0:08:54 | 0:08:57 | |
but people don't normally buy until they try. | 0:08:57 | 0:09:00 | |
Pizzas that give you everything you need. | 0:09:00 | 0:09:02 | |
All the vitamins and minerals, high in fibre and high in protein. | 0:09:02 | 0:09:05 | |
Unlike other pizzas on the market, it's low in salt. | 0:09:05 | 0:09:08 | |
-We've replaced the salt in the bases with seaweed. -Seaweed? -Yeah. | 0:09:08 | 0:09:12 | |
I try to eat healthy as much as I can and that was nice, | 0:09:12 | 0:09:15 | |
so if it's healthy and nice at the same time, | 0:09:15 | 0:09:18 | |
it's a winning combination, isn't it? | 0:09:18 | 0:09:20 | |
It was delicious! | 0:09:20 | 0:09:22 | |
Scrummy. | 0:09:22 | 0:09:24 | |
Mum, can we have it for our lunch today? | 0:09:24 | 0:09:26 | |
"It tastes real". This is what he said.. | 0:09:26 | 0:09:29 | |
If we like this, we'll be buying more. | 0:09:29 | 0:09:31 | |
Hoping I'm going to have a nice tea. | 0:09:31 | 0:09:34 | |
And, if it tastes nice, we'll come back and get another one. | 0:09:34 | 0:09:38 | |
Donnie and his colleague Katie have been working together | 0:09:38 | 0:09:41 | |
tirelessly over the last few months and their relationship has developed | 0:09:41 | 0:09:46 | |
into something more than just business. | 0:09:46 | 0:09:49 | |
I know it's been a long journey, I guess, to get here. | 0:09:49 | 0:09:51 | |
But I think the hard work's just started. | 0:09:51 | 0:09:53 | |
-We're not going to sit back. -People are buying it. | 0:09:53 | 0:09:55 | |
-Can't put your feet up now. -There's big plans. | 0:09:55 | 0:09:59 | |
Lots of work to do, but it's all positive stuff. | 0:09:59 | 0:10:03 | |
In Ayrshire, at the ESpark West Coast hatchery, | 0:10:03 | 0:10:06 | |
there's another batch of chicklets with big ideas. | 0:10:06 | 0:10:09 | |
35-year-old Mark Shervil makes a living as a golf pro, | 0:10:09 | 0:10:14 | |
giving lessons to both kids and adults. | 0:10:14 | 0:10:16 | |
His new company 2-do-sport, | 0:10:16 | 0:10:19 | |
is developing a long-term athletic programme combining the discipline | 0:10:19 | 0:10:23 | |
of martial arts with the notion that to become really proficient | 0:10:23 | 0:10:27 | |
in any given sport you should put in at least 10,000 hours of training. | 0:10:27 | 0:10:31 | |
His ambitious plans include launching his programme online | 0:10:31 | 0:10:36 | |
and the opening of a state of the art golfing academy. | 0:10:36 | 0:10:39 | |
He had been looking at this old hangar as a potential site, | 0:10:40 | 0:10:45 | |
but the renovation costs proved to be too much. | 0:10:45 | 0:10:48 | |
Undeterred, Mark's identified another potential location | 0:10:49 | 0:10:53 | |
that's part of a regeneration scheme in Irvine | 0:10:53 | 0:10:56 | |
and comes with some interesting funding incentives. | 0:10:56 | 0:10:59 | |
-What's going to be there? -That's going to be our range. -No way! | 0:10:59 | 0:11:03 | |
-You're fucking kidding! -Yeah, that's going to be our range. | 0:11:03 | 0:11:07 | |
-We've got beyond that fence to the other fence. -Wow. | 0:11:07 | 0:11:10 | |
-Love it, mate. Love it. -You can see through there. | 0:11:10 | 0:11:14 | |
We're going to have the smash zone concept down this end. | 0:11:14 | 0:11:17 | |
So, I'm smashing golf balls here. | 0:11:17 | 0:11:19 | |
You're going to try to create the next Andy Murray for golf? | 0:11:19 | 0:11:22 | |
Yeah. | 0:11:22 | 0:11:23 | |
I'm going to work my nuts off. | 0:11:23 | 0:11:26 | |
I think it's got great potential. | 0:11:26 | 0:11:28 | |
It comes to two things. You, as the entrepreneur. | 0:11:28 | 0:11:33 | |
Your mindset, your determination. | 0:11:33 | 0:11:35 | |
You've already shown, you haven't just let this go. | 0:11:35 | 0:11:37 | |
You could've gone away weeks and weeks ago and said, "Fuck that". | 0:11:37 | 0:11:41 | |
You will see this through, | 0:11:41 | 0:11:42 | |
but the next big hurdle you've got is get the investment. | 0:11:42 | 0:11:47 | |
You don't get the investment, it's not going to happen. | 0:11:47 | 0:11:49 | |
Mark's already found a potential investor who's been impressed | 0:11:49 | 0:11:53 | |
by his energy and coaching philosophy. | 0:11:53 | 0:11:55 | |
Here's the plan. Here's the fit-out. Here's what it's going to cost. | 0:11:55 | 0:12:00 | |
Here's how I'm going to run it for the first two years, | 0:12:00 | 0:12:03 | |
my operating costs. | 0:12:03 | 0:12:04 | |
And some models of income coming in. | 0:12:04 | 0:12:07 | |
Here's the sponsorship and the opportunities | 0:12:07 | 0:12:10 | |
that are going to open up as a result of it. | 0:12:10 | 0:12:12 | |
And here's how I'd hope to exploit them. | 0:12:12 | 0:12:14 | |
And here's how I'm going to manage my life. | 0:12:14 | 0:12:17 | |
And once we do that, we'll be able to see the gaps. | 0:12:17 | 0:12:19 | |
So, when you go to your investor, you've de-risked the plan. | 0:12:19 | 0:12:23 | |
-You're making progress. -Yeah, it's coming together. | 0:12:26 | 0:12:30 | |
That's amazing. | 0:12:30 | 0:12:32 | |
Mark has worked with some of the world's top golfers | 0:12:34 | 0:12:37 | |
but never run his own business before. | 0:12:37 | 0:12:40 | |
I'm a tracksuit manager. | 0:12:40 | 0:12:41 | |
I like getting my boots on and getting out on the pitch | 0:12:41 | 0:12:44 | |
and getting down and dirty. I struggled. | 0:12:44 | 0:12:46 | |
I looked at profit and loss accounts and all that | 0:12:46 | 0:12:48 | |
and it's absolutely all gobbledygook to me. | 0:12:48 | 0:12:50 | |
His time in ESpark has really helped to shape that side of his game. | 0:12:50 | 0:12:55 | |
Yo! This is 2-do-sport | 0:12:55 | 0:12:57 | |
and we are changing the way sport is coached and learned. | 0:12:57 | 0:13:01 | |
To help him grow as an entrepreneur, ESpark has given Mark | 0:13:01 | 0:13:04 | |
the opportunity to win a place | 0:13:04 | 0:13:06 | |
on an intensive entrepreneurial training course | 0:13:06 | 0:13:09 | |
at the world renowned Babson College near Boston. | 0:13:09 | 0:13:12 | |
To book his seat on the plane, Mark needs to pitch his business | 0:13:18 | 0:13:22 | |
to a discerning panel of senior bankers who are sponsoring the trip. | 0:13:22 | 0:13:26 | |
So, we piloted the programme. We'd 28 children starting. | 0:13:26 | 0:13:29 | |
Average spend of £35 per month. | 0:13:29 | 0:13:32 | |
We've now got over 200 children on the programme. | 0:13:32 | 0:13:35 | |
How do you differentiate and get them | 0:13:35 | 0:13:37 | |
to really buy into your energetic philosophy? | 0:13:37 | 0:13:39 | |
I set down at a table like this | 0:13:39 | 0:13:41 | |
and I put 62 sports down on a bit of paper. | 0:13:41 | 0:13:44 | |
And out of those 62 sports, there's only really a handful of primary | 0:13:44 | 0:13:47 | |
and secondary movement patterns. | 0:13:47 | 0:13:50 | |
So if we can educate those movement patterns, then once they get | 0:13:50 | 0:13:53 | |
to the specialisation years, | 0:13:53 | 0:13:55 | |
they're going to have a real strong foundation. | 0:13:55 | 0:13:57 | |
And the feedback that we have had, from the retention | 0:13:57 | 0:14:00 | |
through the colour grading system, they love that. | 0:14:00 | 0:14:03 | |
The kids buy into that. They're inspired by that. | 0:14:03 | 0:14:06 | |
What sort of facilities do you have? | 0:14:06 | 0:14:08 | |
Where do you do all this? | 0:14:08 | 0:14:10 | |
Currently? I've come from the beach this morning. | 0:14:10 | 0:14:12 | |
West Kilbride beach, quarter to eight this morning. | 0:14:12 | 0:14:15 | |
I had three boys down there, 14/15 years of age before school. | 0:14:15 | 0:14:18 | |
I work on the beach, I work at golf clubs, | 0:14:18 | 0:14:21 | |
but I'm currently looking at taking Centre One in North Ayrshire. | 0:14:21 | 0:14:24 | |
In Scotland, we need indoor space. | 0:14:24 | 0:14:26 | |
So, if we can produce a really good indoor centre that's loaded up | 0:14:26 | 0:14:30 | |
with really great technology and educates children in this process. | 0:14:30 | 0:14:33 | |
So, join us and be a game changer. | 0:14:33 | 0:14:37 | |
-Thank you very much. -Good. -Thank you, Mark. | 0:14:37 | 0:14:40 | |
Mark's energetic pitch seems to have impressed the panel. | 0:14:40 | 0:14:44 | |
He'll have to wait to find out if he's won a potentially | 0:14:44 | 0:14:47 | |
game-changing place at the American college. | 0:14:47 | 0:14:50 | |
Morning everybody. Hi. How are we all doing? | 0:14:53 | 0:14:57 | |
Mark was one of the first intake at the ESpark West Coast Hatchery. | 0:14:57 | 0:15:01 | |
Today it's the turn of a new batch of chicklets to begin | 0:15:01 | 0:15:04 | |
their entrepreneurial journey. | 0:15:04 | 0:15:06 | |
Leading the introductory session is ESpark co-founder Brian McGuire. | 0:15:06 | 0:15:12 | |
How do you know if your business is going to work? | 0:15:12 | 0:15:15 | |
How do you know if your great idea is going to fly? | 0:15:15 | 0:15:20 | |
One of the new companies hoping that their idea will literally fly | 0:15:20 | 0:15:24 | |
is Coolside. | 0:15:24 | 0:15:25 | |
David and Michael met at university, studying engineering. | 0:15:27 | 0:15:31 | |
Since graduating, they've been developing the prototype | 0:15:31 | 0:15:34 | |
for Powernap, their new sleep-on-the-go travel device. | 0:15:34 | 0:15:38 | |
This is Harry cool saw. The third part of Coolside. | 0:15:38 | 0:15:42 | |
We bought him about three months ago | 0:15:42 | 0:15:44 | |
and this is the first proper use of him we've found. | 0:15:44 | 0:15:48 | |
Today they're at home, working on the ISS, | 0:15:48 | 0:15:51 | |
or internal support system. | 0:15:51 | 0:15:54 | |
So this is the last one here, the previous model. | 0:15:54 | 0:15:58 | |
Just looking at the design. | 0:15:59 | 0:16:02 | |
Once the ISS is ready, | 0:16:02 | 0:16:05 | |
it will be placed in a specially designed padded scarf, | 0:16:05 | 0:16:08 | |
to make it more comfortable for the traveller. | 0:16:08 | 0:16:11 | |
It's a simple idea but those are often the best. | 0:16:11 | 0:16:14 | |
David and Michael are hoping that Powernap will prove to be | 0:16:14 | 0:16:17 | |
a neat alternative to the cumbersome travel pillows already available. | 0:16:17 | 0:16:22 | |
They've had some encouraging news. | 0:16:22 | 0:16:24 | |
Through contacts made at an ESpark event, | 0:16:24 | 0:16:27 | |
an airport retailer based in Holland is interested in stocking it. | 0:16:27 | 0:16:32 | |
Yeah, would just be a great stepping stone, basically. | 0:16:32 | 0:16:35 | |
It would allow us to really test the product on a vast audience. | 0:16:35 | 0:16:38 | |
These guys are based throughout Europe, | 0:16:38 | 0:16:41 | |
but also it would be a gateway to America. | 0:16:41 | 0:16:46 | |
It could be the break we need, so fingers crossed. | 0:16:46 | 0:16:50 | |
ESpark was set up to help the chicklets to realise their ideas | 0:16:52 | 0:16:56 | |
and stimulate a business renaissance in Scotland. | 0:16:56 | 0:17:00 | |
The Hatcheries in Glasgow and Ayrshire are a start, but Jim wants | 0:17:00 | 0:17:04 | |
to expand into the rest of Scotland and perhaps further afield. | 0:17:04 | 0:17:08 | |
In the meantime, people from other parts of the country | 0:17:08 | 0:17:13 | |
are having to travel. | 0:17:13 | 0:17:15 | |
One of the chicklets making a big commute for the ESpark experience | 0:17:16 | 0:17:21 | |
is 40-year-old Vicky Brock. | 0:17:21 | 0:17:23 | |
So, here in Inverness we have my lovely house | 0:17:23 | 0:17:26 | |
and my lovely garden and my lovely view. | 0:17:26 | 0:17:29 | |
And in Glasgow we have my lovely Travelodge. | 0:17:29 | 0:17:32 | |
On special occasions, I have the Premier Inn. | 0:17:32 | 0:17:35 | |
But Cumbernauld Travelodge or Braehead Travelodge has been | 0:17:35 | 0:17:38 | |
home from home for the last nine months. | 0:17:38 | 0:17:41 | |
Vicky is a self-confessed analytics geek | 0:17:41 | 0:17:44 | |
who's worked with major corporations including Google and Tesco. | 0:17:44 | 0:17:49 | |
Seven years ago she set up her own successful market research company. | 0:17:49 | 0:17:53 | |
As an entrepreneur, | 0:17:53 | 0:17:55 | |
I think your brain has to be wired a little bit differently. | 0:17:55 | 0:17:58 | |
It doesn't mean to say you can't learn it, | 0:17:58 | 0:18:00 | |
but I think you've got to have a slightly different attitude to risk. | 0:18:00 | 0:18:03 | |
Like all good business ideas, | 0:18:03 | 0:18:05 | |
Vicky's new venture, Clear Returns, | 0:18:05 | 0:18:08 | |
aims to solve a real life problem. | 0:18:08 | 0:18:10 | |
Product returns cost e-commerce retailers | 0:18:10 | 0:18:14 | |
billions of pounds every year. | 0:18:14 | 0:18:16 | |
Vicky's idea is to build a piece of intelligent software | 0:18:16 | 0:18:20 | |
that will predict which products are most likely to be returned. | 0:18:20 | 0:18:23 | |
It's a pain in the neck to keep buying and returning things, | 0:18:23 | 0:18:26 | |
especially from online. | 0:18:26 | 0:18:28 | |
Can we forecast returns and...? Yes, we can. | 0:18:28 | 0:18:32 | |
And we're getting better and better and better at doing that. | 0:18:32 | 0:18:35 | |
Vicky has huge ambitions and wants to build an enterprise | 0:18:37 | 0:18:42 | |
that tackles the problem on a global scale. | 0:18:42 | 0:18:45 | |
In ESpark, she's assembled a team of mathematicians, | 0:18:45 | 0:18:48 | |
retail gurus and software developers. | 0:18:48 | 0:18:50 | |
She's also taken on an intern - | 0:18:50 | 0:18:52 | |
21-year-old fashion and business graduate, Ellie Turner. | 0:18:52 | 0:18:56 | |
I think Vicky's a really, really good boss. | 0:18:56 | 0:18:59 | |
She knows that I'm there for the experience and I think | 0:18:59 | 0:19:03 | |
she's a really approachable person. | 0:19:03 | 0:19:05 | |
She's become a friend more than a boss. | 0:19:05 | 0:19:07 | |
That's another reason why start-ups are such a good place to get experience. | 0:19:07 | 0:19:12 | |
Because it's a kind of collaborative effort between you. | 0:19:12 | 0:19:15 | |
I've got to create a job to keep her in our business | 0:19:15 | 0:19:18 | |
because the business needs her. She's done that very clever thing | 0:19:18 | 0:19:21 | |
of making herself invaluable to me very quickly. | 0:19:21 | 0:19:24 | |
Vicky has recently been shortlisted | 0:19:24 | 0:19:26 | |
for a major international pitching competition, | 0:19:26 | 0:19:28 | |
the final of which is in New York City. | 0:19:28 | 0:19:31 | |
Hello. How is one? How is two? | 0:19:31 | 0:19:34 | |
Being first to market is critical for Vicky | 0:19:34 | 0:19:36 | |
so she needs to raise some money quickly. | 0:19:36 | 0:19:39 | |
The competition is a great opportunity | 0:19:39 | 0:19:42 | |
to get in front of some serious American investors. | 0:19:42 | 0:19:44 | |
There's a dress rehearsal, then a tour of Facebook, | 0:19:44 | 0:19:47 | |
then an investor private dinner. | 0:19:47 | 0:19:49 | |
They're the only non-US company left in the competition | 0:19:49 | 0:19:53 | |
so getting the pitch right is critical. | 0:19:53 | 0:19:56 | |
Right, OK, folks. | 0:19:56 | 0:19:57 | |
Hello, I'm Vicky, this is Ellie, and we want to prove to you | 0:19:57 | 0:20:01 | |
how Clear Returns will save e-commerce retailers billions. | 0:20:01 | 0:20:05 | |
One in three garments bought online is sent back. | 0:20:05 | 0:20:08 | |
Globally, this is a 200 billion pain in the arse | 0:20:08 | 0:20:11 | |
that nobody's tackling. | 0:20:11 | 0:20:13 | |
Returns are a pain for customers. We shoppers know that. | 0:20:13 | 0:20:16 | |
As these trashbags of returns show, | 0:20:16 | 0:20:18 | |
it leaves retailers' profits in tatters. | 0:20:18 | 0:20:22 | |
It's a strong start from the confident duo | 0:20:22 | 0:20:24 | |
but Jim has spotted a potential problem. | 0:20:24 | 0:20:27 | |
Big problem. You need to stop talking...like a Scot. | 0:20:27 | 0:20:31 | |
It's so broad. You are quite broad. | 0:20:31 | 0:20:34 | |
A lot of them are going to struggle with that. | 0:20:34 | 0:20:37 | |
Especially over a microphone system. | 0:20:37 | 0:20:39 | |
You're going to have talk a bit like that, put a bit of something on | 0:20:39 | 0:20:43 | |
or English. I think they might miss a bit. | 0:20:43 | 0:20:47 | |
Another team preparing for an important pitch is Coolside. | 0:20:48 | 0:20:52 | |
When you prepare for something properly, | 0:20:53 | 0:20:55 | |
and you know that you know everything, | 0:20:55 | 0:20:58 | |
then before you go in, you need to decide that you're going to win. | 0:20:58 | 0:21:03 | |
This is from, er, Sun Tzu's Art Of War, which is | 0:21:04 | 0:21:08 | |
like a 2,000-year-old book and it's kind of battle strategy. | 0:21:08 | 0:21:12 | |
We should really kind of go, "boof!" | 0:21:15 | 0:21:17 | |
We're here today to pitch for £28,000 of debt funding | 0:21:22 | 0:21:27 | |
from Youth Business Scotland. | 0:21:27 | 0:21:30 | |
Michael's doing the pitch today. | 0:21:30 | 0:21:31 | |
We tossed a coin and last night in rehearsals, he nailed it, | 0:21:31 | 0:21:35 | |
so looking forward to the same thing happening today. | 0:21:35 | 0:21:38 | |
I am a little bit nervous but I'm excited. | 0:21:38 | 0:21:41 | |
I'm looking forward to it and it'll be interesting to see what | 0:21:41 | 0:21:44 | |
they think of the marketing strategy and what they think of the product. | 0:21:44 | 0:21:48 | |
This is so important for us, to get this money at this stage. | 0:21:48 | 0:21:51 | |
And it would accelerate us by probably five months. | 0:21:51 | 0:21:54 | |
But, more than that, it would be a huge boost to our confidence. | 0:21:54 | 0:21:57 | |
Time check. | 0:21:57 | 0:22:00 | |
10.01. Let's go. | 0:22:00 | 0:22:04 | |
The old trombone lungs are coming in handy. | 0:22:13 | 0:22:17 | |
This is the competition. One of many. | 0:22:17 | 0:22:20 | |
Kind of looks like a toilet seat round your neck. | 0:22:20 | 0:22:24 | |
Hi, there. Nice to meet you. So, quick introduction. | 0:22:30 | 0:22:34 | |
I'm Michael, this is David. We're the founders of Coolside. | 0:22:34 | 0:22:38 | |
We make travelling comfortable. Coolside have solved a problem | 0:22:38 | 0:22:42 | |
that's been annoying us all for years - | 0:22:42 | 0:22:44 | |
how to sleep well on long-haul journeys. | 0:22:44 | 0:22:46 | |
From market research, we found that more than half of all travellers | 0:22:46 | 0:22:50 | |
struggle to sleep on planes. Unfortunately for travellers, | 0:22:50 | 0:22:53 | |
every travel pillow on the market is useless. | 0:22:53 | 0:22:56 | |
They provide very little comfort, very little support. | 0:22:56 | 0:22:59 | |
Luckily, Coolside have invented and patented Powernap, | 0:22:59 | 0:23:03 | |
the first sleeping aid on the market that solves all these issues. | 0:23:03 | 0:23:06 | |
So, why is Powernap so much better? | 0:23:06 | 0:23:09 | |
Well, it provides more comfort, more support. | 0:23:09 | 0:23:13 | |
It packs small and looks fashionable as well. | 0:23:13 | 0:23:16 | |
It's a solid pitch from Michael but the boys are concerned | 0:23:19 | 0:23:22 | |
about what the panel thought of their financial projections. | 0:23:22 | 0:23:25 | |
-I don't think it was that bad. -I thought we did quite well. | 0:23:25 | 0:23:28 | |
I think you nailed the pitch. Nailed it. | 0:23:28 | 0:23:30 | |
They'll have to wait to find out | 0:23:32 | 0:23:34 | |
whether or not they've been successful. | 0:23:34 | 0:23:37 | |
With banks still reluctant to lend and investors demanding big chunks | 0:23:39 | 0:23:43 | |
of equity for their money, raising finance to get their business | 0:23:43 | 0:23:48 | |
off the ground is a major challenge for the chicklets. | 0:23:48 | 0:23:51 | |
It's an issue that Jim is working hard to address. | 0:23:51 | 0:23:54 | |
Getting the fund round Entrepreneurial Spark | 0:23:54 | 0:23:57 | |
and start-up entrepreneurs in Scotland is the last piece in the jigsaw. | 0:23:57 | 0:24:02 | |
Two people this week have left jobs. | 0:24:02 | 0:24:05 | |
They've walked out on their jobs to be an entrepreneur full time. | 0:24:05 | 0:24:08 | |
And having that little bit of oxygen is life or death. | 0:24:08 | 0:24:12 | |
So I just want to get some funding round it in a different way. | 0:24:12 | 0:24:15 | |
Stick a million pounds aside and give £20-30,000 grants | 0:24:15 | 0:24:18 | |
to high-calibre entrepreneurs who are willing to give it a go. | 0:24:18 | 0:24:23 | |
I want to pull that off as fast as I can. | 0:24:23 | 0:24:27 | |
I'm really pushing hard, pushing everybody hard. | 0:24:27 | 0:24:29 | |
Back in town, for Michael and David, the wait is over. | 0:24:29 | 0:24:33 | |
They're about to find out whether their pitch was successful. | 0:24:33 | 0:24:37 | |
Not getting this loan would put back the launch of their product by months. | 0:24:39 | 0:24:44 | |
OK. Thanks a lot for your time. | 0:24:44 | 0:24:46 | |
Basically, the answer is yes. | 0:24:56 | 0:24:58 | |
But what they want to see is exactly how much funding you need | 0:24:58 | 0:25:01 | |
and they just weren't really sure they got that from the cash flow. | 0:25:01 | 0:25:04 | |
They didn't pry too much on the numbers. | 0:25:04 | 0:25:06 | |
They just thought, let's sort that out separately. | 0:25:06 | 0:25:09 | |
-I was getting a wee bit emotional there. -I was as well. | 0:25:13 | 0:25:17 | |
Bar crossing a few Ts and dotting a few Is, we just got 28 grand. | 0:25:17 | 0:25:22 | |
That's awesome. | 0:25:22 | 0:25:24 | |
-It's a great feeling. -That's a lot of money. -Yeah. | 0:25:24 | 0:25:27 | |
-Hell, yeah! -That's going to kick-start our business. | 0:25:27 | 0:25:30 | |
I'm going to get absolutely smashed tonight! | 0:25:30 | 0:25:34 | |
It's a great result for the youthful entrepreneurs. | 0:25:34 | 0:25:37 | |
But low-interest loans like this one | 0:25:37 | 0:25:39 | |
aren't readily available to everyone. | 0:25:39 | 0:25:41 | |
The Manhattan Center is one of New York's most celebrated concert venues. | 0:25:50 | 0:25:55 | |
Over the years, it's played host to star performers | 0:25:55 | 0:25:59 | |
like Judy Garland, Leonard Bernstein and David Bowie. | 0:25:59 | 0:26:03 | |
Tomorrow, it's the turn of Clear Returns to take centre stage. | 0:26:03 | 0:26:07 | |
Vicky and Ellie will be pitching their socks off | 0:26:07 | 0:26:09 | |
in an auditorium packed with investors and potential customers | 0:26:09 | 0:26:13 | |
attending the Women 2.0 pitch competition. | 0:26:13 | 0:26:16 | |
-It's the biggest room I've ever seen! -That is scary. | 0:26:17 | 0:26:21 | |
-I didn't expect it to be this big. -I feel like I'm in a chorus line! | 0:26:21 | 0:26:25 | |
For 21-year-old Ellie, it's an incredible but daunting opportunity. | 0:26:27 | 0:26:32 | |
She'd been worried about how her Scottish accent would go down | 0:26:32 | 0:26:35 | |
with the American audience. | 0:26:35 | 0:26:37 | |
We've timed it so we've got plenty time at the end. | 0:26:37 | 0:26:40 | |
For me to slow down and pronounce properly. | 0:26:40 | 0:26:42 | |
So, I don't think it'll be a problem. | 0:26:42 | 0:26:44 | |
So long as I pronounce my Ts. | 0:26:44 | 0:26:46 | |
Then they'll come up to me at the end and say, | 0:26:46 | 0:26:48 | |
"I had no idea what you were saying. I didn't understand a word." | 0:26:48 | 0:26:50 | |
-I'll be like, well, too late now! -It's OK, just sign here! | 0:26:50 | 0:26:55 | |
But first, there's a more immediate issue to deal with. | 0:26:55 | 0:26:59 | |
The mission tonight is to find a dress for the presentation tomorrow. | 0:27:08 | 0:27:11 | |
The one I had was kind of blending into the background a wee bit, | 0:27:11 | 0:27:15 | |
so the plan is to visit Forever 21, Macy's, Bloomingdales | 0:27:15 | 0:27:19 | |
and find the perfect dress. | 0:27:19 | 0:27:21 | |
If we're going to find it anywhere, we'll find it in New York City. | 0:27:21 | 0:27:24 | |
The bright lights of the big city are a reminder of how far | 0:27:24 | 0:27:27 | |
Ellie has come in the last few months since graduating. | 0:27:27 | 0:27:31 | |
It generally hasn't sunk in that this is my first job | 0:27:31 | 0:27:34 | |
and a month after, two months after I've started, I'm here | 0:27:34 | 0:27:36 | |
pitching to 1,000 people, but I try not to think about that too much! | 0:27:36 | 0:27:40 | |
When I first started the internship, | 0:27:41 | 0:27:43 | |
my idea was that I wanted to set up my own business. | 0:27:43 | 0:27:46 | |
Vicky's spoken to me about it | 0:27:46 | 0:27:48 | |
and if I was to set up my own kind of fashion label, | 0:27:48 | 0:27:50 | |
that she'd help me. | 0:27:50 | 0:27:51 | |
So, I think that would be something I'd definitely want to do. | 0:27:51 | 0:27:54 | |
With my exit money from Clear Returns when we make millions! | 0:27:54 | 0:27:57 | |
I think Vicky's masterplan is global domination. | 0:28:00 | 0:28:04 | |
She says that quite often, but I think it's completely possible | 0:28:04 | 0:28:07 | |
as long as we can prove the concept, and we know that we can. | 0:28:07 | 0:28:11 | |
I don't see why Vicky won't take it to global domination scale. | 0:28:11 | 0:28:15 | |
That would be good to be involved in it, definitely. | 0:28:15 | 0:28:18 | |
The next morning it's back down to business. | 0:28:27 | 0:28:30 | |
Clear Returns is the only non-US company left in the competition | 0:28:30 | 0:28:34 | |
and winning one of the cash prizes would be a real shot in the arm. | 0:28:34 | 0:28:38 | |
There's also the potential that somewhere in the room | 0:28:39 | 0:28:43 | |
there might be an investor who could help Vicky achieve | 0:28:43 | 0:28:45 | |
her ambition of taking the company truly global. | 0:28:45 | 0:28:49 | |
There is a lot at stake with this. | 0:28:49 | 0:28:52 | |
But we haven't put the house on the line, yet. | 0:28:52 | 0:28:55 | |
Doesn't mean we wouldn't. | 0:28:55 | 0:28:56 | |
It's the fact there is no money in the bank account yet. | 0:28:56 | 0:29:00 | |
And actual expenses are going on my personal credit card. | 0:29:00 | 0:29:04 | |
Everybody's existing kind of on air at the moment. | 0:29:06 | 0:29:09 | |
But, people do need to eat at some point. | 0:29:09 | 0:29:12 | |
I know this will work. | 0:29:12 | 0:29:14 | |
I really do need a pee so badly! | 0:29:16 | 0:29:18 | |
So, I'm going to introduce our first company. | 0:29:19 | 0:29:22 | |
Our first company is Clear Returns. | 0:29:22 | 0:29:24 | |
APPLAUSE | 0:29:24 | 0:29:27 | |
Retailers are facing a problem. Returned product. | 0:29:27 | 0:29:30 | |
It's a £200 billion pain in the ass. | 0:29:30 | 0:29:34 | |
And apparel retailers, they've got this worst of all. | 0:29:34 | 0:29:37 | |
One in three garments sold online is sent back. | 0:29:37 | 0:29:40 | |
Let's give you a few examples. | 0:29:40 | 0:29:42 | |
Katie spots the perfect dress online. | 0:29:42 | 0:29:44 | |
Classic, black, elbow length sleeves. She has to have it. | 0:29:44 | 0:29:48 | |
So she buys it. A few days later, it arrives. | 0:29:48 | 0:29:51 | |
But wait, it has no sleeves. | 0:29:51 | 0:29:53 | |
It's a bit more Kim Kardashian than Katie Holmes. | 0:29:53 | 0:29:56 | |
Disappointed, she sends the dress back | 0:29:56 | 0:29:58 | |
and bad-mouths the retailer in the process. | 0:29:58 | 0:30:00 | |
That is a real example from our first test with a retailer. | 0:30:00 | 0:30:04 | |
Our algorithm spotted that mistake caused 500 returns and cost 20,000. | 0:30:04 | 0:30:09 | |
-We gave them the opportunity to fix this. -Then there's Heather. | 0:30:09 | 0:30:14 | |
She's very sneaky. | 0:30:14 | 0:30:15 | |
If she's got a big night coming up, she buys her outfit online. | 0:30:15 | 0:30:18 | |
She goes out, wears it, has a great time. | 0:30:18 | 0:30:20 | |
Then she sends it all back on Monday. | 0:30:20 | 0:30:22 | |
Time and time again. | 0:30:22 | 0:30:24 | |
Clear Returns can spot the signs of this. | 0:30:24 | 0:30:27 | |
Next time Heather wants to borrow one of the expensive dresses, | 0:30:27 | 0:30:30 | |
she might find it's out of stock, or she may simply get a very friendly | 0:30:30 | 0:30:34 | |
phonecall from customer services asking her if everything is OK. | 0:30:34 | 0:30:38 | |
There hasn't been an effective solution to this problem for e-commerce. | 0:30:38 | 0:30:43 | |
-Until now. -Clear Returns is early stage, but we've got traction. | 0:30:43 | 0:30:47 | |
We have a sales pipeline, with retailers approaching us | 0:30:47 | 0:30:50 | |
from the US, Europe, Singapore and in Mexico. | 0:30:50 | 0:30:52 | |
And our next fantastic test customer is right here in the room. | 0:30:52 | 0:30:55 | |
Give us a wave, Pinks and Greens. Hey! | 0:30:55 | 0:30:59 | |
This is the fashion retail capital of America. | 0:30:59 | 0:31:03 | |
Let's start to service shoppers better | 0:31:03 | 0:31:06 | |
so that they can be returning to retailers for all the right reasons. | 0:31:06 | 0:31:09 | |
Thank you from Clear Returns, intelligently protecting profits. | 0:31:09 | 0:31:13 | |
APPLAUSE | 0:31:13 | 0:31:15 | |
Back in Glasgow, there's another chicklet with high hopes | 0:31:19 | 0:31:23 | |
for her tech-based idea. | 0:31:23 | 0:31:25 | |
When 32-year-old Leah Hutcheon lost her job as a magazine editor, | 0:31:25 | 0:31:29 | |
it gave her the time to develop a business idea | 0:31:29 | 0:31:32 | |
that had been on her mind for quite a while. | 0:31:32 | 0:31:34 | |
The result was Appointedd.com, an online service that makes it | 0:31:35 | 0:31:39 | |
easier to book appointments at salons and spas. | 0:31:39 | 0:31:42 | |
-Beauty salons? -Yep. | 0:31:42 | 0:31:46 | |
Leah is attempting that very entrepreneurial thing | 0:31:46 | 0:31:49 | |
of trying to sell her product before it actually exists. | 0:31:49 | 0:31:52 | |
She's never done sales before, so she's getting some last-minute tips | 0:31:52 | 0:31:56 | |
from fellow chicklet Marie Rogers of Total Sales Solutions. | 0:31:56 | 0:32:00 | |
You'd better become a salesperson | 0:32:00 | 0:32:02 | |
because if people don't buy your product, you won't have a business. | 0:32:02 | 0:32:05 | |
I kind of feel like I'm waiting for a first date or something. | 0:32:11 | 0:32:15 | |
It's a bit, like, nerve-racking. | 0:32:15 | 0:32:17 | |
She's very nice. | 0:32:18 | 0:32:21 | |
Hello, ladies. Are you OK? | 0:32:21 | 0:32:24 | |
Leah's first sales meeting is with Glam Candy, | 0:32:24 | 0:32:28 | |
two women who've set up a make-up academy | 0:32:28 | 0:32:30 | |
and are potentially interested in Leah's product. | 0:32:30 | 0:32:33 | |
So, are you going to show us an example of that? | 0:32:33 | 0:32:36 | |
I'll show you the...booking portal. | 0:32:36 | 0:32:40 | |
Sorry, I don't know why this isn't now coming up. | 0:32:42 | 0:32:44 | |
It's not a good start. | 0:32:44 | 0:32:46 | |
The Wi-Fi isn't working, | 0:32:46 | 0:32:48 | |
so Leah has to do her sales pitch without a demo. | 0:32:48 | 0:32:51 | |
So, how many people have you got using the booking system right now? | 0:32:51 | 0:32:54 | |
You're my first proper appointment today. This is very exciting. | 0:32:54 | 0:32:58 | |
When fully operational, Leah's service will allow consumers | 0:32:58 | 0:33:02 | |
to browse many different salons from one site. | 0:33:02 | 0:33:05 | |
For the salons, it offers useful business management tools | 0:33:05 | 0:33:08 | |
to help connect with their customers. | 0:33:08 | 0:33:10 | |
That's really what we've aimed to do, is to free up your time. | 0:33:10 | 0:33:13 | |
You didn't set out in this business to sit there and do admin | 0:33:13 | 0:33:16 | |
and you'll be able to plan all of the emails that are going to go out, | 0:33:16 | 0:33:18 | |
exactly who they are going to, what date they're going | 0:33:18 | 0:33:21 | |
and get those all scheduled. | 0:33:21 | 0:33:23 | |
And that's only a tiny bit of what we can do. | 0:33:23 | 0:33:25 | |
-We can do loads more. -Can we do that now? | 0:33:25 | 0:33:28 | |
Yeah! | 0:33:28 | 0:33:30 | |
My first proper paying customer! | 0:33:34 | 0:33:35 | |
This is like on my wedding day, the photographer had to say to me, | 0:33:35 | 0:33:38 | |
"Leah, will you stop grinning?" "I just can't!" | 0:33:38 | 0:33:42 | |
So, we've gone from first date to wedding day straightaway. | 0:33:42 | 0:33:46 | |
I'm going to become a total sales addict. | 0:33:46 | 0:33:48 | |
Leah has been trialling the software for a few months now | 0:33:50 | 0:33:53 | |
and today, she's come to meet Anna Mather at her salon in Gifford, | 0:33:53 | 0:33:57 | |
near Edinburgh, to see how she's been getting on with it. | 0:33:57 | 0:34:01 | |
I've been speaking to all of my clients about using Appointedd. | 0:34:01 | 0:34:04 | |
And they are so excited about being able to go online, | 0:34:04 | 0:34:07 | |
look at the website and book appointments. | 0:34:07 | 0:34:09 | |
They just think it's a brilliant idea. | 0:34:09 | 0:34:11 | |
I'm quite looking forward to just dumping the paper book now. | 0:34:11 | 0:34:15 | |
How long's it going to be before we can have the appointments | 0:34:15 | 0:34:18 | |
booked through the internet? | 0:34:18 | 0:34:20 | |
Through the internet? | 0:34:20 | 0:34:22 | |
Literally... No, no, it's fine. I want to say we could do it now. | 0:34:25 | 0:34:29 | |
Because, yeah, we could do it. It's there. | 0:34:29 | 0:34:32 | |
It all speaks to each other. It all works. | 0:34:32 | 0:34:34 | |
It depends kind of how brave you want to be. | 0:34:34 | 0:34:37 | |
If you want to... No, I don't think we should. | 0:34:37 | 0:34:40 | |
Without a background in IT, Leah has underestimated | 0:34:41 | 0:34:45 | |
how long it takes to build software. | 0:34:45 | 0:34:47 | |
She's desperate to recruit a full-time tech support person | 0:34:47 | 0:34:51 | |
who can manage any unexpected problems. | 0:34:51 | 0:34:54 | |
But she's already invested all her life savings | 0:34:54 | 0:34:57 | |
and doesn't have any money to pay wages. | 0:34:57 | 0:34:59 | |
Back across the pond, the winners of the Women 2.0 pitch competition | 0:35:01 | 0:35:05 | |
are due to be announced. | 0:35:05 | 0:35:07 | |
I'd like to thank all our live and also online judges. | 0:35:07 | 0:35:11 | |
For Vicky and Ellie, | 0:35:11 | 0:35:12 | |
getting some cash without having to give away equity | 0:35:12 | 0:35:15 | |
would really make a difference. | 0:35:15 | 0:35:17 | |
We start with the People's Choice award. | 0:35:17 | 0:35:20 | |
That finalist team is Chandini and Peggy for ActivityHero. | 0:35:20 | 0:35:25 | |
APPLAUSE | 0:35:25 | 0:35:28 | |
We're really excited to announce the winner of the L'Oreal Women in Digital Award. | 0:35:32 | 0:35:37 | |
And it goes to Citizen Made Rachel Brooks. | 0:35:37 | 0:35:41 | |
Sadly, none of the prizes go Vicky and Ellie's way. | 0:35:50 | 0:35:54 | |
But they console themselves with the thought that they've made | 0:35:54 | 0:35:56 | |
some really useful contacts, not least their first American client. | 0:35:56 | 0:36:01 | |
We didn't win, but we delivered what we came to do. | 0:36:02 | 0:36:04 | |
One of the things that was very interesting | 0:36:04 | 0:36:07 | |
was framing that whole question, do you take investment or not? | 0:36:07 | 0:36:10 | |
If we take a small amount of money now, | 0:36:10 | 0:36:13 | |
we're going to give away a heck of a lot for it. | 0:36:13 | 0:36:15 | |
For us, investment isn't the thing we need just now, | 0:36:15 | 0:36:17 | |
it's to build the customer base and prove ourselves | 0:36:17 | 0:36:20 | |
before we need the money, really. | 0:36:20 | 0:36:22 | |
It really consolidated down what this is all about. | 0:36:22 | 0:36:25 | |
For me, I really did realise it's about getting big. | 0:36:25 | 0:36:29 | |
It's about building something amazing. | 0:36:29 | 0:36:31 | |
It's kind of global domination. | 0:36:31 | 0:36:34 | |
I aspire to that and why not try and build that kind of business? | 0:36:34 | 0:36:38 | |
MUSIC: "Rhapsody In Blue" by George Gershwin | 0:36:38 | 0:36:42 | |
Steve is also struggling for money, but help is at hand | 0:37:01 | 0:37:04 | |
from a very willing lender, the Bank of Mum. | 0:37:04 | 0:37:08 | |
Gene Vincent, Eddie Cochran. | 0:37:08 | 0:37:10 | |
The Beatles tour with Roy Orbison. | 0:37:10 | 0:37:12 | |
You said when you went to this, you couldn't actually hear them. | 0:37:12 | 0:37:15 | |
-No. You didn't hear a thing. -That's what all this is about. | 0:37:15 | 0:37:18 | |
The difference is that PAs have become bigger, so everyone can hear. | 0:37:18 | 0:37:22 | |
But the problem is, they are so loud. | 0:37:22 | 0:37:25 | |
Steve has recently been diagnosed with brain cancer. | 0:37:25 | 0:37:28 | |
Mum Carol came out of retirement to help him | 0:37:28 | 0:37:30 | |
financially with his new business idea. | 0:37:30 | 0:37:32 | |
If it wasn't for you, I wouldn't have been able to do this. | 0:37:32 | 0:37:36 | |
You've contributed more than anybody, | 0:37:36 | 0:37:38 | |
because you've basically kept me afloat for the past year. | 0:37:38 | 0:37:41 | |
Setting up a new business | 0:37:41 | 0:37:43 | |
has distracted them both from Steve's illness. | 0:37:43 | 0:37:46 | |
That was one way I could help. | 0:37:46 | 0:37:48 | |
And it was practical and it kept me focused. | 0:37:48 | 0:37:51 | |
Steve is undergoing regular scans to check that the cancer | 0:37:51 | 0:37:55 | |
is in remission. | 0:37:55 | 0:37:56 | |
It's Stephen Broadfoot. Right, cheers. | 0:37:56 | 0:38:00 | |
And although things are looking positive, | 0:38:00 | 0:38:02 | |
it's still a tough time for Carol. | 0:38:02 | 0:38:05 | |
Once you get over the initial shock, which is horrific, | 0:38:05 | 0:38:11 | |
it's like being in... | 0:38:11 | 0:38:14 | |
..another, a parallel world. | 0:38:17 | 0:38:19 | |
You have your life | 0:38:19 | 0:38:21 | |
and then there's this other one that's suddenly been introduced. | 0:38:21 | 0:38:25 | |
While he's doing this and I'm working and focusing on what I need to do, | 0:38:26 | 0:38:32 | |
it keeps this other world at bay, as if it doesn't exist. | 0:38:32 | 0:38:35 | |
But it is still there. | 0:38:35 | 0:38:37 | |
It's bury-your-head-in-the-sand stuff. | 0:38:38 | 0:38:40 | |
Somebody mentions it, mentions the word... | 0:38:40 | 0:38:43 | |
I don't want to know, I don't want to hear it. | 0:38:43 | 0:38:45 | |
I don't want to go where it is, I don't... I just don't. | 0:38:45 | 0:38:49 | |
Anybody with children knows that if your children are in pain, | 0:38:53 | 0:38:56 | |
you're in pain. | 0:38:56 | 0:38:59 | |
It's as simple as that. | 0:38:59 | 0:39:01 | |
And if I could swap, if I could take your pain, | 0:39:01 | 0:39:04 | |
then I'll take your pain. | 0:39:04 | 0:39:06 | |
I'll do this. Stephen is my only son. | 0:39:06 | 0:39:09 | |
I can't contemplate my life without him in it. | 0:39:10 | 0:39:14 | |
Despite his illness, Steve is making progress with his business. | 0:39:22 | 0:39:26 | |
He's sold his first 50 units to a drum school. | 0:39:26 | 0:39:29 | |
Am I in a safe position here? Should I move back? | 0:39:29 | 0:39:32 | |
You've seen me play before, so you're OK. | 0:39:32 | 0:39:35 | |
He's been to Parliament to lobby the Government for more action | 0:39:35 | 0:39:39 | |
on hearing protection. | 0:39:39 | 0:39:41 | |
It's not just music. It's anywhere there's loud noise. | 0:39:41 | 0:39:43 | |
You walk onto a construction site, you wear ear protection. | 0:39:43 | 0:39:46 | |
What I can do is ask some Parliamentary questions | 0:39:46 | 0:39:49 | |
about the regulations around this. | 0:39:49 | 0:39:51 | |
And he's making a push into the local club scene, | 0:39:51 | 0:39:55 | |
today visiting promoter Donald Macleod. | 0:39:55 | 0:39:59 | |
-All right, Donald? -How you doing? -Not bad. You? -Not bad at all. | 0:39:59 | 0:40:03 | |
-Thanks for your time. -No problem. -Keeping well? -Yes, yes. | 0:40:03 | 0:40:08 | |
So, what brings you in here? | 0:40:08 | 0:40:10 | |
You've been around the rock scene for long enough. | 0:40:10 | 0:40:13 | |
Yes, yes, it shows. The lines are there. Well worn. | 0:40:13 | 0:40:17 | |
-How's your ears? -What was that? Eh? | 0:40:17 | 0:40:20 | |
Fall for that every time. | 0:40:20 | 0:40:22 | |
It's there. It looks fairly trendy. | 0:40:22 | 0:40:24 | |
Would you be interested in maybe a trial run of 50 of them? | 0:40:24 | 0:40:29 | |
-I can speak to you, get The Garage logo. -Yep, OK. | 0:40:29 | 0:40:33 | |
I'll get the logos over to you. | 0:40:33 | 0:40:35 | |
Brilliant. Thanks very much. | 0:40:35 | 0:40:37 | |
The thing about Donald as well, it's his company. | 0:40:37 | 0:40:40 | |
The buck stops with him and he makes the decisions. | 0:40:40 | 0:40:43 | |
I'll make up some samples over the Christmas period. | 0:40:43 | 0:40:46 | |
So, getting on and moving forward. | 0:40:46 | 0:40:48 | |
It's December in Edinburgh | 0:40:59 | 0:41:00 | |
and the Christmas sales season has begun in earnest. | 0:41:00 | 0:41:03 | |
With shoppers aplenty, it's the perfect time to launch | 0:41:03 | 0:41:07 | |
an innovative new product in one of the many bustling markets. | 0:41:07 | 0:41:11 | |
And that's just what David and Michael are intending to do. | 0:41:11 | 0:41:14 | |
It's the first time Powernap, their new sleep-on-the-go travel device, | 0:41:16 | 0:41:20 | |
has been on show to the public. | 0:41:20 | 0:41:23 | |
Do you travel much? No? | 0:41:23 | 0:41:25 | |
I'll show you how good it looks. | 0:41:25 | 0:41:28 | |
If it looks good on me, it's going to look good on you. | 0:41:28 | 0:41:30 | |
With your jawline. You look good. | 0:41:30 | 0:41:32 | |
Are you single? You look so good. | 0:41:32 | 0:41:35 | |
They're trialling the price at £24.99. | 0:41:35 | 0:41:39 | |
Can I think about it? | 0:41:39 | 0:41:41 | |
We'd rather you think about it right now. | 0:41:41 | 0:41:43 | |
I kind of feel a lot of people are interested. | 0:41:43 | 0:41:46 | |
A lot go, "I'll go and ask my husband" or come back later. | 0:41:46 | 0:41:51 | |
After a slow start, | 0:41:51 | 0:41:52 | |
Michael and David have honed their sales techniques. | 0:41:52 | 0:41:56 | |
It's basically designed for public transport as well. | 0:41:56 | 0:41:59 | |
And if you fall asleep like this, it's really bad for your neck. | 0:41:59 | 0:42:02 | |
Really bad for your neck. | 0:42:02 | 0:42:03 | |
So we basically don't allow it with that product. | 0:42:03 | 0:42:06 | |
Would you like one then? I'll package it up for you. | 0:42:06 | 0:42:09 | |
Because I do suffer from neck pains, | 0:42:09 | 0:42:11 | |
trying that for a second seems to make a difference. | 0:42:11 | 0:42:14 | |
He pitched it just right. He wasn't in your face. | 0:42:14 | 0:42:17 | |
He was just there with a product and if you wanted to know about it, | 0:42:17 | 0:42:19 | |
he would talk about it. | 0:42:19 | 0:42:21 | |
I really liked him. | 0:42:21 | 0:42:22 | |
I do business myself and I thought he was really good. | 0:42:22 | 0:42:25 | |
I shall get you a black one then. | 0:42:25 | 0:42:27 | |
To achieve my first sale felt absolutely awesome. | 0:42:27 | 0:42:29 | |
I couldn't believe it. | 0:42:29 | 0:42:31 | |
To think we've made something and people have bought it. | 0:42:31 | 0:42:34 | |
Class. Absolutely class. | 0:42:34 | 0:42:35 | |
The Powernap launch is a success and over the next four days | 0:42:36 | 0:42:40 | |
the boys sell more than 150 units. | 0:42:40 | 0:42:43 | |
Back in Glasgow, at the ESpark offices, | 0:42:46 | 0:42:49 | |
the mood is not quite so festive. | 0:42:49 | 0:42:52 | |
It's been a tough few months for the Eat Balanced team. | 0:42:52 | 0:42:55 | |
Getting into the supermarkets was a great achievement | 0:42:55 | 0:42:59 | |
but staying there is proving much more of a challenge. | 0:42:59 | 0:43:02 | |
Hi, there. Do you work in the frozen section? | 0:43:04 | 0:43:07 | |
I've noticed that there's zero stock for all three lines at the store | 0:43:07 | 0:43:12 | |
and do you know what the problem is there? | 0:43:12 | 0:43:16 | |
The pizzas are selling pretty well, | 0:43:16 | 0:43:18 | |
but supplying to two of the big four supermarkets is a complex process. | 0:43:18 | 0:43:22 | |
Yep, thanks anyway. Cheers. Bye. | 0:43:22 | 0:43:27 | |
Inactive line. | 0:43:27 | 0:43:29 | |
I don't even know what that means. | 0:43:29 | 0:43:31 | |
Donnie and Katie are working around the clock | 0:43:31 | 0:43:34 | |
to try and build some brand awareness and sell more pizzas. | 0:43:34 | 0:43:38 | |
It's not fun. I've thrown everything I have into it. | 0:43:38 | 0:43:41 | |
There's no sort of fallback. | 0:43:43 | 0:43:45 | |
I don't have any savings left. | 0:43:45 | 0:43:47 | |
I have to make this work or I'm going to have to sell my flat. | 0:43:47 | 0:43:51 | |
In order to help people like Donnie through the bumpy first stages of their businesses, | 0:43:59 | 0:44:04 | |
Jim's been lobbying the Scottish Government for help. | 0:44:04 | 0:44:09 | |
Now they've set aside a million pounds to create | 0:44:09 | 0:44:12 | |
the EDGE Fund competition. | 0:44:12 | 0:44:14 | |
The challenge is for 100 of Scotland's most promising new companies | 0:44:14 | 0:44:18 | |
to pitch for a chance to make it through to the final round | 0:44:18 | 0:44:21 | |
and win vital financial support. | 0:44:21 | 0:44:23 | |
The competition's fierce and the bar's set really high. | 0:44:23 | 0:44:28 | |
For Donnie, Vicky and Leah, winning an award of up to £50,000 | 0:44:28 | 0:44:31 | |
could totally transform their businesses. | 0:44:31 | 0:44:34 | |
And you're done. | 0:44:34 | 0:44:36 | |
I've hit the point where there's, you know, | 0:44:36 | 0:44:40 | |
no money in the business, so, yeah, it would be amazing. | 0:44:40 | 0:44:44 | |
Phew. Golly! | 0:44:44 | 0:44:46 | |
Go home and have a good cry tonight. Yeah. | 0:44:46 | 0:44:51 | |
It's just everything coming out. | 0:44:54 | 0:44:56 | |
A week later, the 20 survivors arrive in the capital | 0:45:00 | 0:45:04 | |
for a final round of pitching. | 0:45:04 | 0:45:07 | |
There are 10 ESpark chicklets left in the competition | 0:45:07 | 0:45:10 | |
and Donnie, Vicky and Leah have all made it through. | 0:45:10 | 0:45:15 | |
Getting through to this final has been amazing for my confidence. | 0:45:19 | 0:45:23 | |
I've had some tough times recently and this would be a massive boost. | 0:45:23 | 0:45:27 | |
Not just financially, but mentally. | 0:45:27 | 0:45:29 | |
The next bit is where we turn into a real business as opposed to a start-up. | 0:45:32 | 0:45:36 | |
And we actually have a future. | 0:45:36 | 0:45:39 | |
And I really know that I can't take anything for granted today | 0:45:40 | 0:45:44 | |
cos there's not enough money to go round. | 0:45:44 | 0:45:47 | |
Good luck, good luck, good luck. You're going to be great. | 0:45:47 | 0:45:51 | |
-Thanks guys. -You're going to be great, man. | 0:45:51 | 0:45:53 | |
I'm scared! | 0:45:57 | 0:45:59 | |
On the judging panel are two of Scotland's top business people, | 0:46:07 | 0:46:10 | |
a senior banker and officials from Scotland's two enterprise agencies. | 0:46:10 | 0:46:15 | |
OK, Leah. You're away. | 0:46:17 | 0:46:19 | |
Hi. My name's Leah and I'm the founder of Appointedd. | 0:46:19 | 0:46:23 | |
Appointedd is a ground breaking business management system for salons and spas. | 0:46:23 | 0:46:28 | |
It connects salons with customers to drive profit. | 0:46:28 | 0:46:31 | |
Now, the hair and beauty industry... | 0:46:31 | 0:46:33 | |
It's a no-nonsense start from Leah, | 0:46:33 | 0:46:36 | |
but now the clock is ticking. | 0:46:36 | 0:46:39 | |
Our addressable market is around 6,000 salons, | 0:46:39 | 0:46:42 | |
and we're confident we can reach 240 of those in year one | 0:46:42 | 0:46:46 | |
to generate turnover of £140,000. | 0:46:46 | 0:46:48 | |
This increases to £560,000 in year two | 0:46:48 | 0:46:51 | |
and a million in year three. | 0:46:51 | 0:46:53 | |
We want to utilise EDGE money to market our product and to add to our team | 0:46:56 | 0:47:01 | |
creating at least six positions over three years. | 0:47:01 | 0:47:03 | |
So, support Appointedd and support a whole industry of small businesses. | 0:47:03 | 0:47:08 | |
ALARM BEEPS | 0:47:08 | 0:47:12 | |
I really wished that would happen, so it was lucky. | 0:47:12 | 0:47:15 | |
It's a perfectly timed pitch from Leah | 0:47:15 | 0:47:18 | |
but now she'll face the questions | 0:47:18 | 0:47:21 | |
and the panel want some clarity about her figures. | 0:47:21 | 0:47:24 | |
And what kind of margin does that give you? | 0:47:24 | 0:47:27 | |
Our margins are great on it. Obviously at the beginning, | 0:47:27 | 0:47:31 | |
we're spending a lot on business development and that sort of thing. | 0:47:31 | 0:47:34 | |
But profit-wise we're talking around 77,000 in year one, | 0:47:34 | 0:47:37 | |
370,000 in year two and up to 750,000 in year three. | 0:47:37 | 0:47:43 | |
Thank you. | 0:47:45 | 0:47:47 | |
I think it went as well as it could have done. | 0:47:47 | 0:47:50 | |
I'm delighted that the pitch was on the three-minute button, | 0:47:50 | 0:47:55 | |
cos it just looked so rock'n'roll. | 0:47:55 | 0:47:58 | |
It was just like, you finish and it goes. | 0:47:58 | 0:48:00 | |
So that was the sweetest sound I've ever heard. | 0:48:00 | 0:48:04 | |
Next up is Vicky. | 0:48:04 | 0:48:06 | |
Not winning any of the prizes in New York was a major disappointment, | 0:48:08 | 0:48:12 | |
so she's hoping to do better on home soil. | 0:48:12 | 0:48:15 | |
Boomerang. One in three garments sold online comes right back. | 0:48:15 | 0:48:20 | |
So returns...incurs costs that wipe out profit margins | 0:48:20 | 0:48:24 | |
and leave product out of stock when demand is at its...its peak. | 0:48:24 | 0:48:28 | |
E-comm... Clear Returns offers a solution. | 0:48:28 | 0:48:31 | |
It's a shaky start from a normally unflappable Vicky. | 0:48:31 | 0:48:35 | |
It went really badly! That's the worst presentation that I've done. | 0:48:35 | 0:48:41 | |
The questions went fine and I hope I still made a good case, | 0:48:41 | 0:48:45 | |
but in terms of the presentation, | 0:48:45 | 0:48:47 | |
I somehow lost the ability to speak a whole sentence in the right order. | 0:48:47 | 0:48:51 | |
Which is quite bad when you're presenting. | 0:48:51 | 0:48:54 | |
I don't know how this is going to go. | 0:48:54 | 0:48:56 | |
How it will pan out. | 0:48:56 | 0:48:59 | |
Back in the den, Donnie's pitch is going well. | 0:48:59 | 0:49:02 | |
The buyer in Tesco said this is one of the biggest innovations | 0:49:02 | 0:49:06 | |
they've seen in the frozen section for 20 years. | 0:49:06 | 0:49:08 | |
We're trying to get people questioning things. | 0:49:08 | 0:49:11 | |
So, you would never think that a pizza was going to be good for you. | 0:49:11 | 0:49:14 | |
It's always seen as a junk food. | 0:49:14 | 0:49:17 | |
If I did win, it would make it a lot easier to continue. | 0:49:17 | 0:49:21 | |
Every penny's a prisoner at the moment. | 0:49:21 | 0:49:24 | |
If we can get this injection, it makes a huge difference. | 0:49:24 | 0:49:28 | |
You cannot leave start-up businesses and really high-potential people | 0:49:28 | 0:49:32 | |
to chance and just hope that they'll bubble away out there. | 0:49:32 | 0:49:35 | |
You have to give them the ecosystem. | 0:49:35 | 0:49:37 | |
You have to give them the oxygen in terms of the cash to do it. | 0:49:37 | 0:49:40 | |
And then you have to support them after it with really good mentors. | 0:49:40 | 0:49:43 | |
Cos if you get them on the right path, there's absolutely nothing to stop them. | 0:49:43 | 0:49:47 | |
One of the entrepreneurs bubbling away out there is Steve. | 0:49:47 | 0:49:51 | |
He's persuaded some staff at Glasgow's busiest clubs | 0:49:54 | 0:49:57 | |
to try out his new LugPlugs. | 0:49:57 | 0:50:00 | |
So, the idea is, it's attaching earplugs to a lanyard | 0:50:00 | 0:50:04 | |
to make them cooler, more convenient. | 0:50:04 | 0:50:06 | |
So far, we've just been talking to people | 0:50:06 | 0:50:09 | |
and people think it's a good idea. | 0:50:09 | 0:50:11 | |
But it's not until you actually take it into clubs and into bars | 0:50:11 | 0:50:14 | |
and actually talk to people that are going to be using it. | 0:50:14 | 0:50:17 | |
Just like headphones, eh? | 0:50:17 | 0:50:19 | |
You can think what they think, | 0:50:19 | 0:50:22 | |
but to actually find out what they think is what it's all about. | 0:50:22 | 0:50:26 | |
For Steve, LugPlugs are more than a product, | 0:50:44 | 0:50:48 | |
they're an essential part of modern life. | 0:50:48 | 0:50:51 | |
A lot of people out there don't understand it. | 0:50:51 | 0:50:53 | |
Kids think their ears will toughen up. | 0:50:53 | 0:50:55 | |
If your ears are ringing, that's damage. | 0:50:55 | 0:50:58 | |
And the more you expose yourself to it, they don't toughen up. | 0:50:59 | 0:51:03 | |
It takes longer for the ringing to go. | 0:51:03 | 0:51:05 | |
And, eventually, it doesn't go. | 0:51:05 | 0:51:07 | |
At the end of the night, the bar staff are happy. | 0:51:09 | 0:51:12 | |
I'm glad I've got a pair of these. | 0:51:12 | 0:51:14 | |
I could definitely tell the noise difference. | 0:51:14 | 0:51:16 | |
When you wake up in the morning, your ears won't be ringing then? | 0:51:16 | 0:51:20 | |
And Steve's made a new contact at a security firm | 0:51:20 | 0:51:23 | |
with over a thousand door stewards, all of whom need ear protection. | 0:51:23 | 0:51:27 | |
I think it should be a good product to use. | 0:51:27 | 0:51:30 | |
The EDGE Fund awards ceremony has finally arrived. | 0:51:43 | 0:51:46 | |
For Jim, it's the culmination of months of hard work | 0:51:46 | 0:51:49 | |
lobbying to provide more support for entrepreneurs. | 0:51:49 | 0:51:53 | |
I'm going to sit at the back and I'm just going to lap it all up. | 0:51:53 | 0:51:57 | |
And go, "Woo, woo, woo," for the winners! | 0:51:57 | 0:52:00 | |
For some of his ESpark chicklets, it's a night | 0:52:00 | 0:52:02 | |
that could totally shape their future | 0:52:02 | 0:52:04 | |
but there isn't enough money for everyone. | 0:52:04 | 0:52:07 | |
Well, ladies and gentlemen, | 0:52:07 | 0:52:08 | |
we have now reached the main event of the evening. | 0:52:08 | 0:52:11 | |
Our first winner is... | 0:52:11 | 0:52:12 | |
Geraldine Abrahams from TWM Productions. | 0:52:15 | 0:52:17 | |
APPLAUSE | 0:52:17 | 0:52:19 | |
With so much at stake, emotions are running high. | 0:52:19 | 0:52:23 | |
The next Scottish EDGE Fund winner | 0:52:28 | 0:52:30 | |
provides online business management software for salons and spas. | 0:52:30 | 0:52:35 | |
Scottish EDGE funding will allow them to hire | 0:52:35 | 0:52:37 | |
a full-time member of staff to support the business on technical issues. | 0:52:37 | 0:52:41 | |
Could I ask Leah Hutcheon to come | 0:52:41 | 0:52:43 | |
and receive her award of £30,000 from Scottish EDGE Fund. | 0:52:43 | 0:52:48 | |
It means I'll have someone with me all of the time. | 0:52:48 | 0:52:51 | |
It's going to make such a difference, it really is. | 0:52:51 | 0:52:54 | |
Our 14th winner of the evening offers e-commerce and multi-channel retailers | 0:52:54 | 0:52:59 | |
the chance to preserve as much of the basket value as possible, post sale. | 0:52:59 | 0:53:04 | |
Please put your hands together and say well done to Vicky Brock of Clear Returns, | 0:53:04 | 0:53:08 | |
who's awarded £30,000 from Scottish EDGE Fund. | 0:53:08 | 0:53:11 | |
It's going to go on selling, getting us out there, | 0:53:13 | 0:53:16 | |
but first and foremost it's going on people. | 0:53:16 | 0:53:19 | |
Yes! | 0:53:19 | 0:53:21 | |
As the list of winners mount, Donnie's hopes are fading. | 0:53:28 | 0:53:32 | |
The final funding award of the evening | 0:53:38 | 0:53:41 | |
goes to a business incorporated in 2010. | 0:53:41 | 0:53:44 | |
Please put your hands together for our final funding winner | 0:53:44 | 0:53:47 | |
of this evening, Donnie Maclean of Eat Balanced, | 0:53:47 | 0:53:50 | |
who wins an award of £40,000 from Scottish EDGE Fund. | 0:53:50 | 0:53:54 | |
APPLAUSE | 0:53:54 | 0:53:57 | |
As soon as Gordon said "the penultimate prize" | 0:54:00 | 0:54:04 | |
and they started talking about another business, | 0:54:04 | 0:54:07 | |
I was like, "Oh, shit." | 0:54:07 | 0:54:10 | |
We've achieved a lot in the last year or year and a half. | 0:54:10 | 0:54:14 | |
-It's a real confidence boost. -Yeah, for you especially. | 0:54:14 | 0:54:17 | |
A morale boost, as well as a financial boost, | 0:54:17 | 0:54:20 | |
so it's exactly what we were hoping for. | 0:54:20 | 0:54:22 | |
Well done, you. | 0:54:24 | 0:54:26 | |
One of the most important aspects of ESpark | 0:54:26 | 0:54:29 | |
is that collective environment. | 0:54:29 | 0:54:32 | |
A bunch of entrepreneurs together | 0:54:32 | 0:54:34 | |
all on a kind of similar emotional roller coaster. | 0:54:34 | 0:54:38 | |
There's actually a huge amount of confidence | 0:54:38 | 0:54:40 | |
and growing up I think that you do in that space. | 0:54:40 | 0:54:45 | |
There is no way on this earth that I'd have been in that final | 0:54:45 | 0:54:49 | |
had it have not been for ESpark. | 0:54:49 | 0:54:51 | |
This last year has been, without a doubt, the best year of my life. | 0:54:51 | 0:54:56 | |
I've got married, I've really put myself into my own business. | 0:54:56 | 0:55:01 | |
I'm really excited to see what comes next, I guess. | 0:55:01 | 0:55:04 | |
But for Jim there's no time to celebrate. | 0:55:06 | 0:55:09 | |
The brand new Edinburgh hatchery is opening its doors | 0:55:09 | 0:55:12 | |
to another eclectic mix of people and ideas. | 0:55:12 | 0:55:16 | |
What's it all about? | 0:55:16 | 0:55:17 | |
It's all about the chicklets, the start-up entrepreneurs. | 0:55:17 | 0:55:21 | |
My name is Melanie and my business is Onestopshowshop.com. | 0:55:23 | 0:55:26 | |
I'm the chief executive of... I guess chief executive of Identity. | 0:55:26 | 0:55:31 | |
My company is EcoWeddingsUK. | 0:55:31 | 0:55:33 | |
My name is Owen O'Leary and my business is O'Really. | 0:55:33 | 0:55:36 | |
We buy select brand whisky and we sell it around the world. | 0:55:36 | 0:55:39 | |
I'm in manufacturing at the moment. | 0:55:39 | 0:55:41 | |
I have an idea and I have a name. | 0:55:41 | 0:55:43 | |
I'm writing a book. | 0:55:43 | 0:55:45 | |
As a solo entrepreneur, it's a kind of a lonely road. | 0:55:45 | 0:55:49 | |
Success just seems to be so far away. | 0:55:49 | 0:55:51 | |
I don't know what's in it for me. | 0:55:51 | 0:55:53 | |
I would love to own a reasonably sized studio space. | 0:55:53 | 0:55:58 | |
I want to have a couple of million users. | 0:55:58 | 0:56:00 | |
Suddenly, a million doesn't sound that big of a deal, you know. | 0:56:00 | 0:56:04 | |
Can there be more? | 0:56:04 | 0:56:06 | |
Five years from now, I want... | 0:56:06 | 0:56:08 | |
..to be... | 0:56:08 | 0:56:09 | |
..a successful entrepreneur! | 0:56:09 | 0:56:11 | |
Whatever that means. | 0:56:11 | 0:56:13 | |
My ambition is to get down, get my boots on, get in here. | 0:56:14 | 0:56:18 | |
I want to see this place fill up with families. | 0:56:18 | 0:56:20 | |
I want see kids in here growing up with something to do. | 0:56:20 | 0:56:23 | |
Let them fall in love with the sport and all the life skills | 0:56:23 | 0:56:26 | |
and everything that brings with it. That'd be a great success for me. | 0:56:26 | 0:56:30 | |
One thing I said to myself was, "I'm not going to call myself | 0:56:37 | 0:56:41 | |
"an entrepreneur until I make a sale." | 0:56:41 | 0:56:43 | |
Now, we've made a sale, so I'm kind of like, maybe I am one now. | 0:56:43 | 0:56:48 | |
To actually maybe come up with an idea and get affirmation | 0:57:00 | 0:57:03 | |
from other people that, yeah, this is a good idea, | 0:57:03 | 0:57:06 | |
let's do something about it. At least you feel you're making a contribution. | 0:57:06 | 0:57:10 | |
I think everybody needs a reason to do stuff. | 0:57:10 | 0:57:12 | |
So, yeah, interesting year. | 0:57:12 | 0:57:14 | |
Hopefully, it's going to be an interesting another couple of years. | 0:57:14 | 0:57:18 | |
And enjoy the ride as long as I can. | 0:57:18 | 0:57:20 | |
Anyone thinks, oh, entrepreneurship, | 0:57:59 | 0:58:01 | |
they're selling, all that money and they become rich. | 0:58:01 | 0:58:04 | |
No. It's hard. Big jaggy periods. | 0:58:04 | 0:58:07 | |
Troughs and peaks to get to where they are, | 0:58:07 | 0:58:09 | |
but they keep going all the time. | 0:58:09 | 0:58:11 | |
It's about creating hungry, confident entrepreneurs | 0:58:11 | 0:58:14 | |
that can go out there and make it happen. | 0:58:14 | 0:58:18 | |
That's it. | 0:58:18 | 0:58:20 | |
Subtitles by Red Bee Media Ltd | 0:58:56 | 0:58:59 |