Chad Lion-Cachet, chairman of investment company Clico Capital, is calling for more investment in the events industry, ahead of his UK Events Week seminar next week. The industry entrepreneur wants to highlight the lack of investment in the sector and will address the need to encourage new investors alongside two other industry entrepreneurs.
“Throughout my career my two main focuses have been innovation and customer service, its why the events sector has always been attractive,” commented Lion-Cachet. “However, despite the massive innovations and opportunities for disruption everywhere within this industry, there is a disturbing lack of investment to give these ideas the support they deserve.”
As part of UK Events Week, Lion-Cachet will be hosting a question and answers session with businesses and individuals who want a greater understanding on how to raise capital and then deliver returns. He will be joined by two event professionals both of which have successfully gained investment and delivered returns; Andrew Needham, founder & CEO of HeadBox and Chetan Shah, founder & CEO of micebook.
Needham created HeadBox, an online marketplace for inspiring meeting, off-site and event spaces, and has just closed the company’s latest fundraise of £1.4 million, which was oversubscribed by 40%. HeadBox will use the latest funds to further accelerate its growth in the UK and to prepare its rollout of the platform into other major cities around the world. Meanwhile Shah has also just closed the latest round of funding for micebook, the definitive inspiration hub and supplier directory for global eventprofs.
“Every day I see brilliant ideas; event technology, event concepts, new venues and event management companies,” continues Lion-Cachet. “They all need investment of some sort or another, but the specialist investment options are limited and very few have genuine experience within the events industry of accessing money.”
Lion-Cachet’s session, ‘Bringing Ideas to Life: Gaining Investment in the Events Industry’ will take place on the morning of 2 March 17, at Office Space in Town’s Monument campus, as part of UK Events Week.