Former Be Good Films co-founder Victoria Powell (pictured) has launched Indielab, an accelerator program focused on helping London’s indie TV producers boost their businesses.
The program will provide small indies and start-ups across all genres with the insight, business training, networking and investment needed to scale their business. Eligible companies must be based in London with up to £5 million (US$7.7 million) in turnover and currently producing content for UK broadcasters.
Indielab will offer up to 15 London-based prodcos the opportunity to pitch for a private equity investment, worth up to £2 million per firm, and high-level industry training through a series of masterclasses and workshops.
Applications will open in December via Indielab’s website with successful applicants being named in January 2016. The companies will then be asked to nominate two personnel to take part in the three-month program from March to May 2016, culminating in a pitch session to present their prodcos to a panel of private investors.
The project is backed by London Mayor Boris Johnson through the London Enterprise Panel. It is also supported by Creative Skillset’s High-End TV Skills Levy, which contributes to the Skills Investment Fund.
Prior to founding Indielab, Powell co-founded Be Good Films, which rebranded as V Good and produced film and TV content across the drama, online and factual spaces, including Channel 4′s docu-drama Tony Blair Rock Star. She previously served as a consultant and media adviser for the Shadow Minister for Media and Communications.
“It’s important to nurture emerging talent and people with ideas if London is to remain a key centre for TV production and other creative and tech sectors,” said London Mayor Boris Johnson in a statement. “The Indielab accelerator programme will help budding TV production companies in the capital, by giving them access to advice and support from seasoned professionals, plus much needed investment.”
Company founder Powell added that Indielab will provide individual private investors keen to invest in the media sector the opportunity to “work with indies across all sectors of the community and genres to achieve their potential, whilst they [retain] all their rights and IP.”