This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
The "Million Pound Startup" is a global contest looking for “the next big thing” to move their HQ to London.
Startup companies from around the world are invited to apply and win £1 million to move their headquarters to London. To apply you must have a company that:
has a promising growth potential has existed for less than 10 years
has an annual sales turnover is less than £1 million
In exchange for the generous investment grant of £1 million you will commit to transfer 10-40% of your company’s ownership to investors and move your headquarters to London. Some well-known companies are involved in this project, including:
- consulting company KPMG, which will give the winner consulting services worth £10,000,
- law firm Taylor Wessing, which will give the winner legal consultation worth £10,000
- public relations firm Ketchum, which will give the winning company public relations services worth £20,000.
UKTI Director at the British Embassy in Israel, Barry Grossman, said:
“London is a leading global financial centre and therefore it is the best place for businesses worldwide to develop and grow. London is a bridge to the rest of Europe, it has lenient regulation and the British government has championed to support foreign investment. I recommend that Israeli companies wishing to develop in the international market set up in London. We, at the British Embassy, will help them with whatever they need to make the transition simple and easy for them.”
The British Embassy in Israel works to promote British-Israeli partnership in the various technological industries via the UK Israel Tech Hub. The Tech Hub was established in October 2011 and its aim is to promote technological collaboration between the UK and Israel as a means to increase financial growth and technological success in both countries. The Tech Hub helps to bring Israeli innovation to British companies and helps Israeli technology companies to work with the UK as a chosen partner on their path to global growth.
Register for the Million Pound Startup competition.