21 Dec —

Symbid wins audience award Shell LiveWIRE Award 2011


Audience chooses entrepreneur that provides worldwide financing of local business ideas - On Wednesday 14 December 2011 the 13th edition of the Shell LiveWIRE Awards took place. The audience award for 2011 was granted to Symbid from Utrecht. They gained over 40% of the audience' votes via the Shell LiveWIRE website and can benefit from a €2.500 prize. Xilloc Medical from Maastricht is the winner of the jury prize of this prestigious award and receives the associated €10.000. Minister Verhagen of Economy, Agriculture and Innovation awarded this prize for young and innovative entrepreneurship.

Jury members Ron van Eijk of BDO Accountants & Consultants, Karen Romme of Freeman Media B.V., Wim Poelman, professor of the University Twente and Hans de Jongh of The Financial Daily Newspaper judged the finalists on innovation, entrepreneurship and grow potential. According to the jury Xilloc distinguishes itself by a high quality technological solution for a socially relevant problem. The Shell LiveWIRE Award is organized by Shell Netherlands and Syntens Innovation center. “Entrepreneurs like Xilloc Medical show that entrepreneurs with a technological background are a benefit to the Dutch economy”, says minister Verhagen. “With their ideas they not only build a company, they also find solutions for social challenges such as the increasing health care costs”. He warmly congratulated the winner. Symbid won the audience award and is the first worldwide crowdfunding platform with which startups and SME's attract capital in exchange for shares. Investors can directly invest from €20 in the idea of their liking. Through an intermediary entity they become shareholder with a vote in the company, are entitled to dividend and have the possibility to sell their share. Organisation Shell LiveWIRE Netherlands is one of the 21 LiveWire programs supported by Shell world wide, to encourage the entrepreneurship of younger generations. The support of entrepreneurs in the Netherlands is provided by Syntens, innovation network for entrepreneurs, and consists of specific advice, offering a network and providing master classes. Since the foundation of the program in 1982, over more then 8 million young entrepreneurs in total have contacted LiveWIRE-programs internationally. Check www.shell-livewire.com for more information.