INSUBCONTINENT EXCLUSIVE:
Prince Andrew, Duke of York, is to completely step down from his role as head of the Pitch@Palace initiative he set up at Buckingham Palace
source.Despite indications on Thursday that the Duke had decided to stay on in the private sector after stepping aside from all public
Sponsors listed as Pitch@Palace supporters are British chip designer Arm and airline AirAsia
Other backers, including KPMG, Standard Chartered and Bosch, pulled out earlier this week
Mark Eavis, a director of Pitch@Palace who runs an advertising agency, quit his role on Tuesday.The Duke, who founded Pitch@Palace, which
But a planned trip to Bahrain to promote the event was canceled on Thursday night amid the furor surrounding his disastrous BBC Newsnight
interview, in which he defended his friendship with Jeffrey Epstein, the late financier and sex offender, and showed little sympathy for
The scheme had provided startup firms with advice and contacts, but no funding
A controversial clause in the terms and conditions, recently revealed on Twitter, showed that it was entitled to a 2% equity share for three
years for any company that went through the Pitch@Palace program, has, say sources, been removed from the conditions to apply.One VC I spoke
over-looked startups and entrepreneurs
Although venture capitalists attended early versions of the event when it launched in 2014, in recent years its switch into more impact-led
companies and charities had meant institutional investors tended to steer clear.Speaking to the BBC, Will King, founder of King of Shaves,
activity, 6,323 jobs, 39% of its winners were female, created 1,042 alumni and saw 2,842 pitches.Picture: Getty Images
