New man in the city seeks four future millionaires

Finding entrepreneurs who will start fast-growing companies and create jobs in the North East is the challenge Hugh Rhodes has taken on at Newcastle Science City. 

The new director of innovation has launched a search to find the next four future entrepreneurs to hone their skills and talents into the next Branson or Bannatyne alongside Science City’s other success stories of tomorrow.

The four recruits will work with the Newcastle Innovation Machine, a unique process that takes talented  future entrepreneurs and gives them the tools and support to generate high-growth businesses in the city.

It has already created six businesses including a company that provides revolutionary diet and fitness regimes based on your DNA and one who can digitally map anything from a vintage Porsche to an industrial manufacturing plant. Four further business people are currently developing their ideas and preparing to launch new companies.

The new recruits will be paid a salary for six months and Newcastle Science City will provide all the support and guidance needed to develop a business idea and take it off the paper and into the market.

Hugh said: “This is a fantastic package and we are looking for the best talent and ideas available.  The Newcastle Innovation Machine will help our recruits find an idea if they do not already have one or test their idea if they do.  We need people who are flexible in the development process and open to working in new ways.

“I am delighted to take up this challenge and ready to do whatever is needed to give these entrepreneurs the best start they could find anywhere in the world.  The funds we have available means that we can only pick four new entrepreneurs at this stage, but I hope that this figure can rise in the future.

“To put this into context, we are acutely aware of the economic challenges facing the region and the country as a whole.  The programme was set up to create high-growth businesses to build prosperity and employment in the North East.”

The closing date for applications is February 11, 2011 and more information on the application process can be found at www.transformtomorrowtoday.co.uk