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Final call for start-ups in IET London: Savoy Place’s business support initiative

The state-of-the-art London event venue will be granting one new business, launched in January 2020, with free monthly meeting space and facilities for a whole year, worth up to £12,000.

In addition, they will be given access to mentoring through an IET associate on how to market a new product to a specific audience. Savoy Place, home of the Institution of Engineering and Technology, has just been awarded Best Venue Facilities at this year’s London Venue Awards.

As part of the campaign to support new innovation in science, technology, engineering, and maths (STEM) and in light of the challenges that courageous new start-ups have been faced with as a result of the pandemic, the prize aims to provide a professional venue space with access to award-winning AV facilities for meetings and business pitches.

New businesses operating within the STEM sectors and with a team of 10 employees or less are invited to apply, with entries being accepted until 30 November 2021.

The four-storey central London venue comprising of 11 contemporary meeting rooms and a series of larger event spaces and lecture theatres is offering space on a monthly basis from January to December 2022, with supplies of tea, coffee, and biscuits for attendees.

The chosen business will also be offered favourable rates for any further services or spaces required for larger events in the future. A judging panel with representatives from IET Venues, the IET, and hospitality marketing consultancy, Custard, will assess all written submissions in December, with a winner announced on 10 January 2022.

Simon Timmis, Head of Brand, Digital and Impact Marketing at the IET and one of the judging panel, said: “We’ve all become very familiar with navigating home-working in the past 18 months, but to do this while trying to establish an entirely new product or service is no mean feat.

Zoom and other online meeting platforms have proven invaluable, but the value in having a professional backdrop and team of AV experts to host business meetings with potential investors, partners, and buyers is an incredibly useful resource so early in the start-up journey.

“We’re hoping to find some of the up-and-coming STEM innovators of our era to join a succession of prominent technicians and engineers affiliated with the IET.

As many return to face-to-face meetings, we want to help a budding business to have this opportunity too without the financial burden of renting an office or event space, and there’s no better-suited base for this purpose than the Institution of Engineering and Technology.

We look forward to discovering some exciting innovations!”

Visit our website for more information and to enter for free.


Notes to editors:

About IET London: Savoy Place

IET London: Savoy Place carries a timeless grandeur and commanding presence, visible from London’s South Bank as you cross Waterloo Bridge, and offers panoramic views over the River Thames from its roof terrace.

Extensive space for conferences, lectures, meetings, and product launches spans four floors with additional outside space in a location easily accessible by rail, tube, and river.

Following a £30m refurbishment in 2015, event planners are met with an endless digital aptitude to transform events with personalised branding and special effects through lighting, signage, and sound, steered by a team of skilled technicians.

Savoy Place is highly regarded by returning clients like IBM, Royal Televsion Society, and Microsoft with an affiliation to STEM disciplines.

Its flagship meeting spaces include a dominating lecture theatre and spacious Riverside Room with vast natural light, London views, and optional use of the roof terrace for up to 200 guests.

For more intimate events, Savoy Place boasts a characterful Library and a series of 11 smaller meeting rooms.

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Anna Wolfram