Two businesses that were established by Faculty Alumni have been awarded financial prizes as part of the prestigious Venture Further competition. The companies, Joy and Joe Ltd. and Metriculate won £10,000 and £2,500 respectively.
The annual competition, hosted by the Manchester Enterprise Centre, allowed students and alumni to showcase their businesses with the hope of securing financial rewards. The awards were split into four categories: business, social, digital and research. Joy and Joe won the business category for their innovative ‘kangaroo care’ carrier. The product, designed to help facilitate the kangaroo care technique in infants, has proven to be extremely popular. The all-British company was established by Olumayowa Osundeko, who finished his PhD in Biotechnology last year. He says:
“We would like to invest the £10,000 into developing our packaging, which is at the moment only really suitable for online customers and we intend to launch the product on the high street later this year. We’d also like to develop our accessory range.
We’ve gained a lot from entering Venture Further and the team at the Manchester Enterprise Centre has taught us a lot about how to present our product and howto build our brand. We’ve also gathered useful tips and trends to look out for as our business grows.”
In the digital category, second place went to Metriculate, a company that was established with the help of Mark Ashworth, who completed a PhD in Biochemistry. The company helps design intelligent lab management tools for research. The three man team are now looking at ways to use the £2,500 to further expand their business.