A Coventry company is to help
ideas venture onto the internet by getting funding for new companies to
develop on-line products and services.
Crimzon.com has been formed to
get new firms through the early stages of working with on-line
The venture partners will
provide different levels of assistance for entrepreneurs with ideas for
In some cases the Coventry
company will be finding money to allow a scheme to be developed.
But people without a commercial
background will also be offered assistance in drawing up business plans
and preparing the necessary structure to attract investment.
This will allow the people with
the ideas to concentrate on developing their product rather than having
time taken up with running the business side.
Crimzon.com was started by
businessman David Lloyd, who is an ex-managing director of two engineering firms,
when he realised there was a niche in the market.
Major venture capitalists in
London were refusing to get involved with smaller schemes outside the
capital that were in the early stages of development.
He sold his businesses last September having decided
that the Internet was about to take off in the UK, with the aim of
developing up to a dozen web businesses over a two-year period.
Nicola Lloyd of Crimzon.com
“They were only investing in
one or two internet projects, when we were seeing 800 a month.
“We would like to see the
opportunities that are in London brought to the Midlands.”
The firm, which will make its
profits from taking equity in new ventures and providing advice,
marketing and business plans to some of its clients, will use a network
of contacts to get a tailor-made service for its customers.
It is anticipated the initial
investment will be between £5,000 and £50,000 to get a new business
More details on 024 7654 5588,
email firstname.lastname@example.org or by
writing to PO Box 2097, Coventry CV8 3ZH.