A former winner of the StartUp Sussex student enterprise competition has received a £50,000 prize fund from Young Start-Up Talent Brighton to help expand his nightlife app business.
Nick Musto, a third-year Mathematics undergraduate from the University of Sussex, came in third place in the 2014/15 edition of StartUp
On entering the Start-Up Sussex workshops in 2014, Nick's original idea was to develop a listings website, but with advice from the programme's mentors he soon developed a more ambitious and commercially viable plan.
"StartUp Sussex and the Sussex Innovation Centre helped me to define how we can create value for students," he said. "It also helped me realise that Radar needed to be mobile - students on the go are spontaneous - so it needed to do more than simply tell students what was going on."
Young Start-Up Talent awards a £50,000 fund to a 16-25 year old entrepreneur each year, made up of business products and services that have been donated by 34 local companies to help kickstart a new business venture. Nick received his prize at a showcase ceremony held at Sealife Brighton last month.
"It was really great to win the competition," said Nick. "The entire process has been very helpful, and I've met some amazing businesses in the process. This prize fund will really help Radar to grow into a more sustainable and scalable business - in particular, the accounting and legal support will be a massive help."
"I'm thrilled to see such a high standard of businesses enter this year," said Gary Chown of NatWest, judge and headline sponsor of the initiative. "This truly stands as a testament to the fantastic young talent we have across Brighton and Hove, and we look forward to working with Nick."