BBC Worldwide announces six finalists for its first Labs initiative
The BBC Worldwide Labs programme seeks to work with the most dynamic emerging digital media companies in the UK. Due to the incredible calibre of applicants, the Advisory Board decided to offer an additional place. MiniMonos, wireWAX, Foodity, Krowd 9, Flooved and KO-SU impressed members of the Board and Labs mentors alike, during the month long deliberation process that included an in-person pitch session. More than 75 companies applied for the scheme, an overwhelming response considering that this is a new programme, with no financial offer. To find out more about the lucky six finalists visit: www.bbcwlabs.com/companies
Jenny Fielding, Head of BBC Worldwide Labs and New Digital Ventures said of the news: “I’m excited to announce our finalists and was overwhelmed with the calibre of applicants. It’s made the selection process incredibly difficult – so much so that we decided to add an additional spot. The finalists are a fantastic mix of strategically aligned companies in areas ranging from education, cloud delivery, games, mobile, kids and video. The mix of companies and entrepreneurs is exactly what we were hoping for when we came up with the idea for BBC Worldwide Labs. And we even bucked the tech start-up trend as half of our companies have female founders. Now the fun part starts - bringing the vision of Labs to life!”
The start-ups will be offered workspace within BBC Worldwide’s west-London based offices beginning September 10th for a six month period. They will also have the opportunity to work alongside specialists from across BBC Worldwide who can offer sound business advice in areas such as: technology, content, marketing, sales and distribution, advertising, PR, HR, legal among others.
They will gain support and advice from the Advisory Board too, which comprises six respected visionaries from across the digital and technology world, which between them hold a wealth of experience across digital media, technology, business strategy, entrepreneurship, sales and marketing. The board includes: Jenny Fielding, Head of BBC Worldwide Labs and New Digital Ventures, Daniel Heaf, EVP & MD, Digital, BBC Worldwide and Ralph Rivera, Director, BBC Future Media, Sherry Coutu, Non-exec Director, Angel Investor, Rogan Angelini-Hurll, General Partner, PROfounders Capital and Ezequiel Vidra, Head of Google Campus.
The team behind Labs has also devised a bespoke programme of inspiring talks and networking events including: an inauguration event for Labs start-ups to present to our community of mentors a session on Asset Creation and Funding at Google Campus on and a Social Media Event planned for London Internet Week in November to name a few.
Whilst BBC Worldwide is not seeking to inject money into the selected companies, it is hoped that commercial deals and partnerships will transpire, thus helping to catapult the start-ups to their next level of success.
To keep up to date with all the latest news from BBC Worldwide Labs and for further information visit: www.bbcwlabs.com or follow us at: www.facebook.com/BBCWLabs#!/BBCWLabsand twitter.com/#!/BBCWLabs.
For more information, please contact:
Cassandra Power, Digital Communications Manager, BBC Worldwide
firstname.lastname@example.org 020 8433 1525
NOTES TO EDITORS
About BBC Worldwide Labs: BBC Worldwide Labs is a new initiative from BBC Worldwide, the commercial arm of the BBC. The purpose it to seek out and work with the most dynamic emerging digital media companies in the UK. BBC Worldwide sees digital platforms as an opportunity both to bring new audiences to our content and to produce new and unique forms of content and entertainment. Over the years it has collaborated with a number of international partners from content producers to service providers all of which have helped BBC Worldwide deliver and distribute content on numerous platforms. BBC Worldwide revealed in its Annual Review for 2011/2012 that revenue generated by its digital businesses has reached 12.8% of revenue, an increase of 58%, from 8.1% on the previous year. This growth has come from seeking out and developing new opportunities for the business and by 2015 BBC Worldwide is expecting to deliver 15% of its revenue from digital businesses.
About BBC Worldwide Ltd. BBC Worldwide Limited is the main commercial arm and a wholly owned subsidiary of the British Broadcasting Corporation (BBC). The company exists to exploit the value of the BBC’s assets for the benefit of the licence fee payer and invest in public service programming in return for rights. The company has five core businesses: Channels, Content & Production, Sales & Distribution, Consumer Products and Global Brands. In 2011/12, BBC Worldwide generated headline profits of £155 million on headline sales of £1085 million and returned £216 million to the BBC. For more detailed performance information please see our Annual Review website: http://www.bbcworldwide.com/annualreview
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