MTT’s business leaders hold first tech start up drop-in sessions | MIDAS

MTT’s business leaders and investors hold first tech start up drop-in sessions

Neil McArthurThe experienced entrepreneurs and investors behind Manchester Tech Trust (MTT) are holding their first drop-in session for start-ups and early stage companies on Tuesday 9 February.

When it launched its information portal for investors and workspaces at, MTT promised to build a panel of experienced mentors and supporters providing advice, guidance and investor contacts for the city’s new generation of tech entrepreneurs.

For the debut advice session at Barclays Rise on Deansgate, Manchester, there are still a few places left and people can register their interest at Those who miss out on this session will be contacted about a future session.

Throughout the morning, attendees will be assigned a one to one meeting with one of the MTT advisors and mentors who include founders Neil McArthur and Peter Lusty, Luke Burns of GP Bullhound, Jamil Khalil of Wakelet, Howard Simms of Apadmi, Richard Young of BVCA.

MTT Chief Executive Peter Lusty says: The trust is a gateway to match entrepreneurs with appropriate support, services and investment opportunities – and this session is just one way of doing that. The business ideas we help validate can be introduced to our contacts in angel networks – a link role which has been missing in the city’s tech scene.”

“As well as funding expertise from Richard Young and Luke Burns, we have a real depth of experience with Talk Talk founder Neil McArthur, and tech entrepreneurs Jamil Khalil of Wakelet and Howard Simms of Apadmi have very recent experience of building successful tech start-ups in Manchester. The format is open and free flowing and aimed at helping you get the advice you need to deal with your most pressing business challenges.”

To help the mentors understand the businesses, attendees are being asked to begin with a brief summary (slides not required) including company overview, revenue model and size of market, team, growth targets and challenges.

Says MTT Chairman Neil McArthur, Group Innovations Director of Talk Talk, the telecoms business he founded and demerged from Carphone Warehouse Group in 2010:

“I’m really looking forward to meeting a new wave of entrepreneurs and hearing their business ideas. These sessions demonstrate we are doing what we promised – meeting start-ups and early stage businesses at the point they need real advice guidance, and introductions to investors.

“We aim to be the super connector, the ‘go to’ organisation to bring people, support and finance together to make things happen for businesses in the quickest and most effective way.”

Launched in November, MTT is a registered charity which will provide the missing link in Manchester’s dynamic technology enterprise landscape, linking up investors drawn to the city’s growing economic development and the Northern Powerhouse concept, with the city’s start-ups, among them businesses spun out of its universities.

The website is being extended through 2016 to host a number of valuable resources and currently has an online financial directory – which can be searched by business stage, amount of funding and sector – to connect early stage companies with the most appropriate funding sources.

MTT is working with the public sector agencies to raise the profile of the city globally, with a pro-active and passionate campaign to communicate the benefits of doing business here in the tech sector. MTT’s arrival on the tech scene was endorsed by Sir Richard Leese, Leader of Manchester City Council, who said: “Manchester City Council welcomes the formation of the Manchester Tech Trust, and the contribution it will make to the city region’s dynamic and growing technology sector.”

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