Fund 101 - Enterprise Nation, small grants

Details from http://enterprisenation.com/fund101/ 

"If you have an idea for a business and need a bit of cash to get started or you’re running a small business and need up to £500 to buy equipment, promotion flyers, hardware etc, you can apply.

Apply for between £50 and £500 and once you receive the money, the only thing we ask is you agree to be profiled on the site so we can see how you’re getting on. The money doesn’t have to be paid back; it’s for you to use on your idea or business."

To apply you need to complete the online form explaining how much money you need and for what purpose.

"Make a good case for your idea and then encourage as many people as possible to vote for you. The number of votes required is equal to the amount of funding you’re looking for so to obtain £500 you’ll need to secure 500 virtual votes."

"Terms and conditions

• Only one entry allowed per company or individual.
• Eligible applicants are those with an idea either to start a new business or to grow an existing small business   
• Entries should have a minimum value of £50 and maximum value of £500.
• Successful applicants agree to be profiled on the site.
• In applying, you agree to receiving communications from Enterprise Nation.
• In applying, you agree to having your details shared with fund sponsors, Intuit and PayPal.
• Enterprise Nation retain the right to the make final decision on which applications will appear on the website.
• Enterprise Nation retain the right to make the final decision on who is awarded funds.
• Only eligible to residents of the UK."

On reaching your target number of votes, the amount you requested (from £50 to £500) will be sent to you by PayPal. If you don’t have a PayPal account, you can create one.

Fund101 is administered by Enterprise Nation and supported by Intuit and PayPal."

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