Startups and entrepreneurs recieve free QMUL advice service

A free business advice scheme for start-ups and entrepreneurs in London will be launched at Queen Mary University of London.

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

Starting in November 2015, clients will have access to 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 KPMG, a global professional services company, and Bovill, a consultancy service specialising in compliance and financial regulation.

Leon Vinokur, senior lecturer at QMUL’s School of Economics and Finance, who is leading the project, said: “This builds on the success of qLegal, the university’s free legal advice service for start-ups.

“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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