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QMUL to offer free startup advice

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Queen Mary University of London is set to offer a free business advice scheme for startups and entrepreneurs in London.

Based at QMUL’s School of Economics and Finance, qNomics will provide expert consultancy to fledgling businesses in the financial and technological sectors.

From November 2015, clients will be offered coaching in a range of areas including market strategy, business planning, accounting, funding, and regulatory compliance. Client sessions will be delivered by students of economics and law, supported by professional advisers from Bovill – a specialist financial services regulatory consultancy.

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Leon Vinokur, senior lecturer at QMUL’s School of Economics and Finance, is leading the project, which he said “builds on the success of qLegal, the university’s free legal advice service for startups”.

“qNomics complements that service by delivering practical business supports in areas like strategy, finance and compliance. It’s good news for our students because they get ‘real world’ consultancy experience, and its great news for London-based start-ups as they get high quality, expert advice at no cost. For Queen Mary, this just makes sense – our Mile End campus is in the heart of the Shoreditch start-up hub, so it’s a great example of the university engaging with the local community and economy.”

Rebecca Thorpe, head of projects at Bovill, added: “We’re delighted to partner with Queen Mary to help start-ups and entrepreneurs navigate the often tricky regulatory landscape. FinTech start-ups that are on top of their regulatory responsibilities from the outset can substantially lower the risk of being hit with potentially damaging and costly regulatory action in the future.”

The first clinics will be held in November, at QMUL’s Mile End campus and Lincoln’s Inn Field campus. The scheme will run annually from November through to April.

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