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Contest offers up to £25m prize

Oct 19 2006

Liverpool Echo

 

UP to £25m is on offer to promising companies in a new take on BBC2's hit show Dragons' Den.

The Foxes' Lair is a competition based on the Isle of Man that will see up to 24 finalists competing for funding to grow their businesses and ideas.

"The Dragons are famous for offering around £100,000 to budding entrepreneurs, but we're upping the ante; we're ready to introduce some serious money," said Justin Martin, director of Fox Capital on the Irish Sea tax haven.

"Our focus is on expansion stage companies that are looking for up to £25m."

The offer is open to privately-held companies of any size.

Isle of Man minister for trade & industry, Alex Downie, said: "I am delighted that several of our successful entrepreneurs have established 'Fox's Lair' which will give a new generation of talent an opportunity to reach their potential."

Applications and guidelines can be downloaded at www.foxeslair.strivepr.com. The deadline is November 13.

 

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