The UP Fund is an Entrepreneurial Fund created to provide seed & start-up finance for early-stage Businesses in the UK, primarily in the North West region. The Fund will be operated by Entrepreneurs and funded by the World of Movies, as part of our organisations' contribution towards new business endeavours in the UK (See attached PDF).
The funding will be based on the Y Combinator business model and will, therefore, be treated a non-recourse investment, rather than a loan. The money will be used to cover all initial costs and also leveraged to attract further funding from established Investment Groups and Businesses, i.e. Banks. The primary Locations of the UP Fund will be Warrington, Manchester & Liverpool.