Senior TV executive Victoria Powell has launched a new accelerator programme for independent TV production companies. Backed by the Mayor of London, the London Enterprise Panel and Creative Skillset’s High-End TV Skills Levy, which contributes to the Skills Investment Fund, Indielab aims to equip companies with the knowledge, skills, new networks and investment they need to scale their businesses.
The first programme will offer up to fifteen production companies based in London an opportunity to pitch for up to £2 million in private equity investment per company, and high-level training from industry leaders. Through a series of masterclasses and workshops, Indies will gain invaluable insight and business training; from how to navigate changing market trends, to producing for the international market, developing a strategy and investment toolkit and pitching for equity investment.
Production companies will be able to apply to the programme via the Indielab website as of December – but can register their interest now via the Indielab wesbite. The successful applicant companies will be announced in January 2016 and will be invited to nominate two employees to take part in the programme, which will take place over a three-month period – from March to May 2016. The programme will culminate in a Dragons Den style pitch session, where successful participants will be able to use the knowledge and skills gained to present their businesses to a panel of individual private investors.
To deliver the programme Powell has partnered with the Mayor of London, the London Enterprise Panel and Creative Skillset.
Boris Johnson, Mayor of London commented: “It’s important to nurture emerging talent and people with ideas if London is to remain a key centre for TV production and other creative and tech sectors. The Indielab accelerator programme will help budding TV production companies in the capital, by giving them access to advice and support from seasoned professionals, plus much needed investment. As well as helping them realise their ambitions, we want to ensure London remains at the forefront of this increasingly competitive sector.”