2Fold20 Play Ltd is the newly formed social gaming company that has been enrolled into the Entrepreneurs for the Future centre. It has also received significant investment funding from the Creative Advantage Fund, ensuring it can recruit employees to produce its first concept.
Cllr Mike Whitby, Leader of Birmingham City Council and Chair of BSPA, said: “It has been tremendous to welcome the Prime Minister to Birmingham Science Park Aston to acknowledge this success. In only two years, 50 new technology start-ups have been enrolled onto the Entrepreneurs for the Future (e4f) business incubator scheme. In that time, over 40 jobs have already been created for local people. 90 per cent of the start-up businesses are still trading – some two years after formation – and many of the companies are profitable.”
David Cameron was accompanied on his visit to Birmingham by Dutch Prime Minister Mark Rutte. 2Fold20 Play’s founders have a wealth of experience working in the gaming, film, digital and animation sectors for leading global brands including Warner Bros, Impact BBDO, Disney, Philips, and Turner.
Dr David Hardman, CEO, Birmingham Science Park Aston said: “2Fold20 Play is exactly the type of future-facing company that we want to foster at Birmingham Science Park Aston to help ensure growth into a profitable venture as soon as possible. Start-ups such as this, which have high growth potential, could create many new jobs for local people, which is exactly what Birmingham’s economy needs in order to thrive.”
David Hardman added: “In recognition of the fact that 2Fold20 Play is the 50th company accepted onto the e4f incubator programme, we are also pleased to offer them an extended period of support of 12, rather than the usual six months’ free enrolment.”
A unique incubation programme, e4f offers free support for technology start-up companies, providing the opportunity to achieve growth and commercial success through funding support, expert advice and mentoring for six months. Companies taking part in the programme also benefit from office or desk space, alongside access to telephone and internet services. Further details are available at www.bsp-a.com/e4f
Based at BSPA, the e4f incubation scheme is part funded by the European Regional Development Fund. Since launching in November 2009, the e4f programme has contributed to the creation of over 40 new jobs. Following the launch of the programme’s third phase earlier this year, e4f is now looking for more start-ups to join what is fast becoming the centre of Birmingham’s tech community.