15th November 2006 - Airetrak Wins ‘Running the Gauntlett’

Airetrak Wins ‘Running the Gauntlett’

Airetrak yesterday was selected as one of six winners in The East of England Development Agency’s (EEDA) ‘Running the Gauntlet’ competition.

CREATE, a leading investor in the East of England announced its plans to invest over £1m in the six companies. The funding packages will now be the subject of discussions between CREATE, the individual companies concerned and other investors. Further investment is likely as the winners will require follow on funding.  Details will be announced in due course.

‘Running the gauntlet’ is an innovative public / private sector competition for entrepreneurs led by EEDA in partnership with CREATE and Library House.  Nearly 400 companies registered and over 200 completed their entry.  Fifty were short-listed and benefited from a comprehensive learning programme delivered by sponsors: Bailey Fisher ~ Executive Search, Grant Thornton, HSBC, Microsoft UK, Mudhut Communication, Sagentia (formerly Scientific Generics) Taylor Vinters and The Commercialisation Company. The combination of workshops, clinics and master classes prepared them for pitching to the panel of investors which was chaired jointly by Boyd Mulvey of CREATE and Doug Richard of Library House.  

In addition, Airetrak will benefit from a substantial package of in-kind services from the sponsors.

For more information please go to: 
http://www.runningthegauntlet.com