Bright young things

The BBC programme “Bright Young Things” is about almost unknown, but promising start-ups in Britain and the risks that are involved in creating new business.
There are lots of new companies now being created in Britain all the time. They are small, but many of them are promising with world-beating ideas.
Charles Orton-Jones from Real Business Magazine says that over the last ten years the face of entrepreneurship has changed. People are able to make money faster. There are also a number of choices where you can get money from to start up. However, there is a high failure rate.
Guy Weaver and Peter Brazier in 2002 set up “Premium Appliance Brands”, a company that designs kitchen appliances such as ovens, hobs, dishwashers, laundry and American-style fridge freezers. The company does the design work, and then outsources the manufacturing. One of the difficulties company’s founders experience is that they are using their own money and cash requirements of a business are quite large, so it is a big risk. Guy Weaver says that there was a big risk in establishing and running company, but it didn’t scare them, because they knew they did it right.
In Cambridge at the moment is two years old company „Protein Logic“, that is building a big database of protein combinations to make the process of diagnosing disease simple and accurate. Adrian Woolfson is its chief Executive and he has very large ambitions for this approach to medicine. But the company copes with a funding problem because it needs resources to build the database of diseases, but a lot of investors really don’t want to see the scientist running this...

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