Fund 101

Frequently Asked Questions

What is Fund 101?

Fund 101 is an easy way to raise up to £500 to fund your business idea.

How do I apply?

You can apply on this page

What kind of applications are successful?

Applications that are clear and concise and plainly state what the funding will be used for are the most likely to be shortlisted. Sharing an image and/or a video clip certainly helps too. If your application is shortlisted, share it like crazy! Use your address book, your Facebook, Twitter and LinkedIn to get your application out there and get people voting for you.

How do people vote for my application?

If your application is shortlisted, we’ll send you a link to share with your contacts – and share you must! Your contacts and Enterprise Nation readers will be able to vote for you on your application page.

How long do I have to raise votes for my application?

Timings for Fund 101 work like this: At the beginning of each month, we allow people to apply for Fund 101. In the last week of each month, we make a shortlist of the 5 best applications we received and post them on this page to allow readers to vote. At the end of the next month, we pick the 2 applications with the most votes and send them up to £500 each.

Can I apply more than once?

It’s only one entry per business, but if you’ve got several businesses or business ideas you can apply for each of them.

What if I’m shortlisted but I don’t get enough votes?

If your Fund 101 application is shortlisted but doesn’t get enough votes to receive funding, your vote count will be reset, but your application will be considered for the next shortlist. In this instance, if you’d like to discuss changes to your application or remove it from consideration, please use the support tab at the top of this page.

Where do we get the money from?

Fund 101 is made possible by the generous support of PayPal. If your application is successful, you’ll need a PayPal account to receive your funding. Set one up now

What if I have more questions?

Please use the support tab at the top of this page.

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