Norfolk founder celebrates first Enterprise Festival having walked away with £10,000
A tech business from Norwich was the big winner as the county’s business community came together to celebrate the first Norfolk Enterprise Festival.
Juliana Meyer’s business SupaPass impressed judges in the Angels’ Den to walk away with £10,000 worth of legal and accountancy support at the festival at Westacre Theatre at the weekend.
She set up SupaPass seven years ago, with the vision of providing businesses and influencers with a platform to put all their content on to, which consumers pay to access.
With money freed up from paying accountancy and legal fees, the company will use the capital for a sales and marketing push.
Ms Meyer said: “We’ll be putting the money into sales of our new product, which is a Netflix type application for businesses and influencers. The problem we solve is that most businesses do not have the budget, time or expertise to build apps like these.
“We work with global accountancy firms, and we’re happy to be working with expertise within Norfolk.”
Ms Meyer is currently leading her team of 12 in a £2m investment round, £1.9m of which has already been sourced through angel investment.
She added: “It was nice to see different and diverse businesses at the festival, especially talking about technology brands and how they’re really growing in the county.
“We also discussed how people even within Norfolk don’t know about these businesses, and how to get that out into the wider world.”
The inaugural Norfolk Enterprise Festival was the brainchild of mid Norfolk MP George Freeman alongside Norfolk businessman Mark Lapping.
Mr Freeman said: “The event will definitely be back next year. Eventually I’d like to see the Angels’ Den panel go from being angel investment to private or corporate investment, building to around £1m in five years or so. There’s a lot of money in Norfolk, but none of it gets invested within the county.”
He added: “We had such a positive response. We had about 500 people through the doors, who were saying: ‘If I’d known how fantastic it was going to be, I would’ve brought friends’. We’re hoping that next year we’ll get around 1,500 people.”