Business support venture Ideas has launched a new £1m fund to back early stage entrepreneurship in North Wales.
Founded by Nick Pritchard, Fran James, and Dylan Jones-Evans, Ideas said its goal is to create a dynamic community of entrepreneurs, investors and stakeholders who share a vision of building a stronger and more innovative economy. Its latest venture is called Ideas Invest.
The new fund comes as Ideas has exchanged contracts with Conwy County Borough Council on a 250-year lease for the Bodlondeb site in Conwy.
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This historic building will be transformed into a cornerstone for entrepreneurship in the region, offering free space and support for new businesses - as well as financial backing from the new fund.
Additionally, Ideas has also acquired the Old Post Office in Bangor, which will be converted into another business hub,
According to Prof Dylan Jones-Evans, the founder of Fast Growth 50, supporting new businesses is vital to North Wales' economic future, driving innovation, job creation, and investment.
He said: "Entrepreneurship has the power to transform communities and economies, and with Ideas Invest, we want to give ambitious founders the opportunity to develop and scale their businesses right here in North Wales. Start-ups and scale-ups play a key role in revitalising communities, retaining talent, and fostering economic resilience.
"By providing the right support and networks, we believe that North Wales can unlock its potential as a leading hub for business growth and long-term prosperity."
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As the driving force behind the Great British Entrepreneur Awards , Ms James believes that access to a strong network of business leaders, investors, and mentors will be a crucial part of Ideas Invest.
She said: "Over the last few years, we've built an incredible community of founders, investors, and business leaders who are passionate about supporting entrepreneurship.
"With Ideas Invest, we're bringing this network to North Wales, creating opportunities for ambitious entrepreneurs to access funding, mentorship, and the connections they need to succeed. This is more than just investment - it's about building a thriving ecosystem where businesses can launch, scale, and make a real impact."
Serial entrepreneur and investor Mr Pritchard, said: "With Ideas Invest and the transformation of Bangor and Conwy into entrepreneurial hubs, we are creating a movement that will drive business growth and innovation in North Wales. If you're an aspiring entrepreneur with a great idea, an investor looking to back the next generation of businesses, a mentor eager to support new founders, or a company seeking a space to grow, now is the time to get involved.
"These hubs will be a catalyst for entrepreneurship, and we want as many people as possible to join us on this journey."