Custom jewellery specialist, Rare Pink, has announced the completion of its first round of crowd-funding in less than two months, with individuals investing £100,000 and receiving 10.53% of company ownership.
After two months, such was the interest to invest, the company over-funded by 100% – raising £200,000 from over 100 investors. This gives Rare Pink a pre-money valuation of £850,000.
Crowd-funding was conducted through Seedrs, and additional investment rounds will be offered in the future.
The team at Rare Pink have spent the last year building the website, RarePink.com, establishing contacts with ethical diamond suppliers and perfecting the process of crafting custom designed jewellery. The process allows customers to participate in the design of their jewellery from home or work, with each piece telling its own story.
Nikolay Piryankov, co-founder of Rare Pink, said: “We are very excited to be offering customers the opportunity to propose with a ring that has meaning and a great story, without paying the high street price for this experience.
“After our first few customers started referring their friends to us, we realised there was a real opportunity to grow into a leading online retailer. That’s why we decided to raise our first external round of investment on Seedrs. Through crowd-funding we have not just gained investors, but over 100 brand ambassadors.”
From engagement rings to necklaces, earrings to bracelets, the sky is the limit in terms of options and quality. All of Rare Pink’s diamonds are Gemological Institute of America (GIA) certified and each design is unique, with a 30 day money back guarantee.
Co-founder and head of diamond purchasing, David Sutton said: “The industry is moving in the direction of specialization, not conformity. That means making jewellery that suits the needs of the customer—not the other way around.”
The uniquely designed and hand-crafted jewellery by Rare Pink can be purchased on the company website at RarePink.com.
UMI3 has worked closely with University of Manchester Alumnus, Nikolay Piryankov for 2 years, encouraging and enabling student enterprise. Alongside the Manchester Entrepreneurs Society, Nik runs Unipreneur, a free course hosted at The University of Manchester Innovation Centre (UMIC) to help students start their own business within just 3 days!
If you are and wish to set-up a business in the Manchester area then please read on as the UK Border Agency’s Tier 1 (Graduate Entrepreneur) visa may just be the scheme for you. If you are not within 10 months of graduation and / or do not wish to set-up in Manchester then you may still be able to start a business through the Sirius programme. Further information on this programme can be found at http://www.omnicompete.com/sirius_programme.html. Please note the next deadline for the Sirius Programme is November 30th, 2013
The University of Manchester (The University) is a partner university for the UK Border Agency’s Tier 1 (Graduate Entrepreneur) visa. This allows international graduates from The University of Manchester, who have a viable and innovative business idea, to be supported to develop a business in the UK in conjunction with The University.
The University is able to endorse up to 10 of its own international graduates each year (plus up to 10 MBA graduates) for Tier 1 Graduate Entrepreneur visa sponsorship to develop a business in the UK. The candidate would then apply to UKBA for the visa, using this endorsement.
The visa will be issued for 12 months in the first instance (possibly extendable to 2 years). The University has established its own criteria, (in conjunction with UKBA) regarding how international graduates/business plans will be selected. Detailed guidance and application forms can be found at http://www.careers.manchester.ac.uk/students/international/ukworkafterstudy/gradentrepreneur/
The deadline for submitting applications for this year’s 2013/14 allocation of endorsements is 1st March, 2014. However The University is organising the submission and evaluation of applications into a series of rounds. The deadline for the next round will be 9am, December 9th (Greenwich Mean Time). If you are interested in the scheme then please register your interest at email@example.com making clear the date you graduated and whether you intend to submit an application by December 9th or at a later date.
BioTherma from left to right: Lee Dunham, Sarah Withey, Joe Segal, Rebecca Sullivan, Jonathan Lemon
A team from The University of Manchester has secured a place in the final of a national competition to find the entrepreneurial bioscientists of the future.
BioTherma Ltd beat off stiff competition from 16 teams from eight universities and institutes in the Manchester workshop of the Biotechnology Young Entrepreneurs Scheme (Biotechnology YES) 2013 competition. They will fly the flag for Manchester in December in London at the UK finals where the winning team will collect £2,500, an invitation to attend the BIA Gala Dinner and the opportunity to attend the premier regional US Business Plan Competition at Rice University in Houston, Texas.
BioTherma Ltd has genetically modified composting bacteria to produce temperatures in excess of 200⁰C. This thermal energy is then converted into electricity, enabling the conversion of organic waste into kilowatts more efficiently than any other process. They are selling this technology to farms and waste management companies in conjunction with a quarterly maintenance service, providing their customers with huge profits when electricity is sold to the national grid.
BioTherma CEO, Lee Dunham, commented: “Despite being a very busy few days, the Biotech YES NW workshop was absolutely fantastic. We all found the talks and mentors to be hugely beneficial, and we all learnt a great deal throughout the competition regarding the business side of biotechnology. Now onto London for the final!”
Manchester Business School student start-up, Zenguard, has just received six-figure investment funding from company builder, Project A Ventures. This follows a move to the investor-backed Axel Springer Plug and Play Business Accelerator in Berlin earlier this year.
ZenGuard’s first product is the one-click browser solution ZenMate that protects user’s privacy while surfing on the Internet. Installed by one click to the selected browsers, it encrypts the out- and incoming browser traffic.
The company was founded in Manchester in 2013 by MSc in Innovation Management and Entrepreneurship student Simon Specka and business partner Markus Hänel (photo left). They are the first graduates of IQuBit –The University of Manchester’s Technology Transfer office’s (UMIP) digital business accelerator – and won second prize in the technology category of the University’s Venture Further 2013 business start-up competition.
Simon commented: “The investment is a great chance to develop our product further, as well as for developing other products, expanding our user base, scaling of our team and professionalising our company structures. We are very happy to have one of the leading European experts in their respective fields on board.
The support at The University of Manchester was very helpful at the very beginning as it provided office space and a great network to work with and challenge our ideas.”
Dr Martin Henery, Venture Further Competition Director, commented: “This is exciting news and that even if you don't win Venture Further, your business concept can still be a success.
The drive and passion exhibited by Simon and Markus has transformed their concept into an exciting opportunity that investors want to get involved with. They’ve done a great job and I can’t wait to hear about what happens next.”
Visit the ZenGuard website >> https://zenguard.org/home
Find out more about Venture Further >> https://mec.portals.mbs.ac.uk/Enterpriseactivities/Competitions/VentureFurther.aspx
Discover more about IQuBit >> http://umi3.com/iqubit/
A student-led organisation at The University of Manchester have been rewarded for their hard work this year by the National Association of College and University Entrepreneurs (NACUE) at their Annual Society Awards Dinner, held at the Institute of Directors in London.
Manchester Entrepreneurs is just one of over 85 enterprise societies in the Higher education network, and beat off stiff competition to scoop the "University Society of the Year" Award. This award was designed to recognise diverse events, competitions and activities, which help students to engage with enterprise and entrepreneurship, and serve as a platform to develop more businesses in the community. The society has been able to help student startups connect with incubators and investors from the Greater Manchester area whilst hosting over 35 events that range from inspirational talks to educational workshops and conferences.