A University of Bath graduate has won £100,000 to invest in his literary magazine. 03/09/12
Andy Brown, a former aerospace engineering student, landed the prize money on Sky1's investment programme The Angel.
The 24-year-old entrepreneur fought off tough competition from four young business brains on the show, gaining investment from John Caudwell, founder of mobile phone company Phones4U.
His magazine entitled the Underground Book Club is a free publication designed for commuters on the London underground. Each edition contains the opening chapters from three new novels, and has the backing of leading publishers including Harper Collins and Penguin.
Mr Brown's inspiration for the idea came from his very own experience of the London commute. He said, 'Instead of people reading news on the way to work, why not give them the chance to read premium quality content from new books. They can then read the next chapter online, read interviews with the authors and put questions to them.'
The graduate, who also won the Bath University's student business plan competition in March, said, 'As the show went on I sort of slipped into the role of the underdog and had nothing to lose, so I started to be myself and enjoy it. I was confident just prior to the announcement that I was going to win. I could tell that I had captured John's interest and he wanted to work with me.
'The money will mean we can move our circulation from 10,000 copies to 100,000, which will have a big impact on awareness of the magazine.'
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