Dell has launched its Centre for Entrepreneurs (CfE) scheme in the UK, bringing with it a £10m growth fund for startups and office space for a year at Dell's UK headquarters.
Launching the CfE on Tuesday night in London, Dell called itself the "world's largest startup". Dell will give the firms £10m worth of its services, with the firm intending to become the end-to-end providers of technology to the UK's smaller tech startups.
Speaking to V3 at the event, Dell UK's executive director for small and medium enterprise, Sarah Shields, said the fund was intended to give companies the opportunity for fast growth.
"We're looking for startups and entrepreneurs with a good, solid business plan who have technology as the backbone of their organisation," she said. "We want to get in, see how we can assist by giving them the right technology and financing them in the right way."
Dell UK's Sarah Shields alongside Dell entrepreneur-in-residence Ingrid Vanderveldt
She added that Dell is not looking for businesses in any particular area of the tech industry, and that the money made available could be spent in any area of their business. "Access to finance is key," she said. "You need to have the ability to get the technology you want."
Further to the £10m fund, Dell will also be offering free, dedicated office space for two businesses in its Bracknell-based UK headquarters, 30 miles west of London, as well as IT equipment and services, and mentorship from Dell business leaders. The recipients of the office space will be decided through a separate competition, requiring written and video-based pitches.
The company has also launched the Dell CfE Advisory Council, which will be comprised of Dell executives and UK entrepreneurs. The council will meet quarterly, looking to tackle issues faced by the UK's smaller businesses. Finally, Dell also announced its Founders Club for networking opportunities among businesses across the globe.
Applications for the £10m credit fund are now open, while the startup in residence competition launches on 2 December.
Australian government to require technology and communications companies to provide access to messages
New bill avoids demanding 'backdoors' in encryption, but includes measures to compel companies to provide access to encrypted communications
Indonesian overclocker Ivan Cupa (with the aid of a lot of liquid nitrogen) achieves record overclock on AMD's latest Threadripper
Ssupermassive black hole is so big it corresponds to four per cent of the galaxy's total mass
Imminent attack will target a single bank with cloned cards used to fraudulently withdraw millions over one weekend