London-based TV accelerator program Indielab has named its 2017 indie cohort of 15 prodcos set to receive business training, networking and investment opportunities.
Those selected for the sophomore program were chosen from a list of nearly 200 companies and include Alleycats, Awesome Media & Entertainment, Back2back, Big Deal Films, Erica Starling Productions, Lambent, Fearless Television, Golden Path Productions, Little Gem, Matchlight, Rogan Productions, Saffron Cherry TV, ShinAwil, Title Role Productions, and TriForce Productions.
To have been eligible for the program, companies needed to meet a handful of requirements that included being founded and registered as part of the nations and regions across the UK with up to £5 million (US$6.23 million) in turnover, at least two broadcast credits within the last three years and be 80% independently owned.
The 15 British indies will receive high-level industry training through a series of masterclasses, lectures, one-on-one sessions and workshops across four months geared toward providing training on business planning, distribution, how to maximize revenue streams, corporate finance and investor readiness.
The program will culminate with an investor pitch event where the prodcos will have the opportunity to meet and pitch to individual investors, VC funds and other financial investors.
As part of the 2017 program, more than 50 industry leaders will provide specialist training to the indie cohort. Industry representatives include Channel 4′s drama commissioning executive Lee Mason, Raw TV founder Dimitri Doganis and Harbottle & Lewis partner Colin Howes.
The final cohort will also receive expert advice from Indielab’s corporate sponsors, including Banijay Rights, Barclays, Sony Pictures Television, ZDF Enterprises, TVA and Harbottle & Lewis.
“At Indielab, we’re working to address the investment shortage for UK indies. There is a real need for more investment in the lower part of the sector and more needs to be done to help indies cross the bridge between one-off commissions and returnable, sustainable work,” said Victoria Powell, founder of Indielab, in a statement.
She added: “That’s why we’re really excited to be working with such a diverse range of fast-growth indies, including BAME and out-of-London production companies, to help them reach the next level of growth.”