Virgin StartUp looks for next Branson

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YOUNG entrepreneurs who want to follow in the footsteps of Sir Richard Branson could achieve their dreams with help from a new not-for-profit company.

Virgin yesterday announced the launch of Virgin StartUp which will offer financial support, mentoring and business advice to thousands of young entrepreneurs across the UK. Working with The Start-Up Loans Company (SULC) as a delivery partner, Virgin StartUp will provide loans to entrepreneurs between the ages of 18 to 30 across the UK.

At its launch in Shoreditch, London, Sir Richard Branson, who started his first business with a handful of coins out of a phone-box at school, was joined by a number of leading British entrepreneurs, including Richard Reed, the co-founder of Innocent Drinks, a key supporter of the scheme.

Virgin will invest in a central team to manage the new company.

To find out more about Virgin StartUp and to apply, young entrepreneurs should visit www.virginstartup.org.

greg.wright@ypn.co.uk