Westminster Business School student secures £75,000 funding for start-up idea
13 April 2015
As part of a coursework for the creation of a profitable business, Kristian came up with the idea for a student accommodation review website.
Kristian then created a business plan for the site, Hallbookers, and approached Start Up Loans UK, a provider of loans to young entrepreneurs to help kick-start business ideas. Kristian initially secured £9,000. He used this to create a proof of concept and launch it in 2014.
Following media coverage, Kristian was contacted by an independent investor, James Herbertson, who had experience in the student accommodation sector and an enthusiasm to create a large-scale platform that would help students across the UK.
Kristian said: “The investor and I agreed for a £75,000 investment to be made in the company. This has been extremely helpful and has been used to create a new website, employ two University of Westminster students and help market our website."
“Hallbookers is run by students for students. When students come to Hallbookers for advice they appreciate that they are dealing with another student who can relate to their situation and needs. The entrepreneurial skills I developed at Westminster Business School have helped bring an idea to life; I have received a lot of support from tutors along the way and look forward to growing Hallbookers over the coming years.”
Jane Chang, Business Management module leader, Westminster Business School said: “The success of Hallbookers illustrates what can be accomplished with an entrepreneurial spiritand commitment. Kristian has run with his concept and is reaping the rewards of his efforts. At Westminster Business School, students are equipped with the tools to channel their potential into real-world business and Kristian and his Hallbookers business is a great example of how we are supporting young entrepreneurs to fulfil their aspirations.”
About Westminster Business School:
Westminster Business School, University of Westminster, is one of London’s leading centres for professional business education. The School offers a wide range of undergraduate, postgraduate and professional programmes, including the AMBA accredited MBA.
All of our degrees are professionally focused and prepare students for working in their chosen careers. Alongside our quality courses, students have opportunities to enhance their practical experience through internships, professional placements and study abroad. Our central London location provides strong links with the business and government communities enabling us to bring practitioners and experts into the classroom on a regular basis.
We have a diverse student population which reflects London’s demographic variety and every year we welcome hundreds of students from Asia, Australia, continental Europe and the United States. We also have visiting scholars and researchers from all over the world. Although we are a school with a strongly international outlook, we also offer a range of part-time qualifications for working professionals.