Cyclehoop in final of Dragons' Den-style competition
The Cyclehoop bike rack has reached the final of a Dragons' Den-style competition backed by the British Government.
The anti-theft device – a steel hoop which can be secured to street furniture to provide a locking point – won the South East heat of The Pitch 2009, a search for the UK’s best young companies.
Now Anthony Lau, founder of the Kent-based business, will compete in a star-studded final alongside five other top UK entrepreneurs to win £50,000 and one-to-one tuition with Dragons’ Den panellist millionaire Doug Richard.
Anthony said: “To be selected as the winner out of all of the businesses that applied from the South East is extremely humbling. Securing the £50,000 prize would go a long way to helping me grow my business. I’ve been told that some very well known business people will be attending the final, so I’ll need all of the time between now and November to make sure I’m absolutely ready to impress!”
One of the judges was Karen Darby, who sold SimplySwitch for £22 million in 2006 and recently set up social enterprise Call Britannia. She said: "It was incredibly difficult to choose a winner to go through to the national final. In the end we opted for Cyclehoop – an innovative yet stunningly simple idea which was beautifully executed."
The final will place take place during November’s Enterprise Week in central London. Anthony will face a panel which will include Mr Richard, Mrs Darby, The Apprentice (UK) season one winner Tim Campbell and Deirdre Bounds, star of Channel 4’s Millionaires’ Mission.
There are even whispers that Sir Alan Sugar and Peter Mandelson, secretary of state for business, innovation and skills, will be there to watch events unfold.
Cyclehoop will be up against Vibe Gum from Bristol, BEEcycle from Manchester, The Printed Bag shop from Glasgow and Get Set Schools from Birmingham.
Established in 2008, The Pitch is a showcase event for entrepreneurs running UK businesses less than three years old, and employing up to 20 members of staff. It is organised by BusinessZone.co.uk in association with directories business Yell. As well as being backed by the Department for Business, Innovation and Skills, partners include Business Link, Make Your Mark, National Federation of Enterprise Agencies and Barclays Wealth.
User Comments
There are 4 comments on this post
Showing 1 - 4 of 4 comments
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pushironboss#1
Posted Wed 22 Jul, 1:30 pm BST Flag as inappropriate
I only clicked on this to see how it worked but it doesn't explain this anywhere
If anyone else wanted to know here you go
http://www.cyclehoop.com/#gallery
After seeing how it works I see no point in this product at all, how is it any better than just locking your bike to a fence or lamp post?
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prb007
Posted Wed 22 Jul, 10:05 pm BST Flag as inappropriate
Have to agree with pushironboss#1, given that most councils down our way can't be bothered to keep broken glass and dogsh!t off cycle paths, I can't see them forking out for these when people will naturally lock their bikes to lamposts, park benches etc., anyway. Hard to see where their market will come from - I'm afraid I'm out!
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spinordie
Posted Thu 23 Jul, 5:56 pm BST Flag as inappropriate
Lame-oh! I have an idea! Let's make an attachment to a door handle that helps grip the existing door handle...
Can they get more retarded. In engineering I think this invention is called redundancy. On the street its called stupid...
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fixie009
Posted Thu 23 Jul, 8:54 pm BST Flag as inappropriate
Yes you could simply lock your bike to the post but then thief can remove the sign and then your bikes gone. I avoid posts cus you can sometimes shake them and break the post free - I'd feel safer locking to the hoop cus there is no way of slipping your lock free.
I think as long as its simple and cheap to install, it seems a good idea to turn all the posts into secure racks, saving space and money.
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