Consultancy and Me

Investment

Successfully qualified candidates then progress to the second level of support where RockIT provides event space and convenes potential investors that may be interested in investing by hosting an event.  Candidates and investors are invited to a free or subsidised event which utilises the restaurant and licensed bar.  The candidates are invited to pitch to investors for funding of their venture at specific themed events.

Criteria for investment include the establishment of the business in Tower Hamlets, employment of residents from the borough and adoption of environmentally sustainable policies as well as an ethnically diverse recruitment policy.

Our Story

ROCKIT

RockIT is a social space for the benefit of the local community, centred on a halal hot stone restaurant and licensed bar.  RockIT has been financed by shareholders who all live and work in Tower Hamlets.

Entrepreneurs can meet investment fund managers, network and interact for the provision of funding and support for new and established businesses in Tower Hamlets.  The business is named from the hot volcanic stone that diners use to cook their meal and ‘IT’ from the experience of the founders in establishing and setting up new information technology related businesses; although support and advice is offered to all types of ventures.

 

 

Aims and Objectives

RockIT provides a platform for local entrepreneurs to obtain support, both financial and advisory to set up fund and run their own business.  The Advisory Panel (AP) are accomplished leaders in technology start-ups.  There are four permanent members of the AP and up to five rotating elected members drawn from a pool of associates with specific skills in relevant areas.

Space

Investors are invited to attend or host events where they can network and meet entrepreneurs.  RockIT give a discount to entrepreneurs who would like to host an event for seeking first and second stage funding to establish or maintain their business.  Once established the start-ups are required to support RockIT in its endeavours to launch additional start-ups; this support may be financial, advisory or both.

Consultancy and Mentoring

The AP help mentor, consult and advise the business in a preliminary consultation and at periodic intervals thereafter.  The initial consultation is provided free of charge. 

INVESTMENT

Successfully qualified candidates then progress to the second level of support where RockIT provides event space and convenes potential investors that may be interested in investing by hosting an event.  Candidates and investors are invited to a free or subsidised event which utilises the restaurant and licensed bar.  The candidates are invited to pitch to investors for funding of their venture at specific themed events.

Criteria for investment include the establishment of the business in Tower Hamlets, employment of residents from the borough and adoption of environmentally sustainable policies as well as an ethnically diverse recruitment policy.

BENEFIT TO THE COMMUNITY

Tower Hamlets has a high proportion of residents from ethnic minorities who face specific challenges in establishing their businesses.  The AP are qualified in facing and meeting these challenges having gone through a similar journey themselves.  The AP provide the necessary support to ensure a fledgling business has the best opportunity for success by bringing in the relevant people from a pool of associates who are qualified in the relevant areas.