Belfast Telegraph

Deloitte staff offered the chance to become own boss

By Clare Weir

Staff at Belfast offices of financial consultancy Deloitte could share part of a £25m UK fund to help them set up their own start-up firms.

In September, the firm announced 338 new jobs in the city in technology, finance and consulting, the second significant announcement by the company in Northern Ireland in an 18-month period.

In May 2013, Deloitte said it was initially creating 177 jobs at its Technology Studio in Belfast.

Under the new scheme, which is open to staff across the UK, employees could be given funding and allowed to work full-time on developing a business idea and can enjoy legal, risk, technology, brand, marketing and other support to help turn their ideas into businesses.

Dr Danny McConnell, technology partner at Deloitte said that an increasing number of people are attracted to the idea of setting up their own business and trying something different.

He said that under the "Innovation Investments" scheme, any employee of the firm will be able to submit a new business idea for consideration.

"We have some of the most entrepreneurial minds in the country right here in our organisation and we want to give them the opportunity to develop in unique ways.

"Whilst the businesses developed will initially remain owned by Deloitte, we will adopt a model to ensure the originator is rewarded appropriately.

"In addition to being paid their full salary, they will also receive a bonus based upon the performance of their business and a share in the profit from any sale of the company. This scheme is very different to anything that we have done in the past.

"We are prepared to develop the concept as we roll it out and will undoubtedly have lessons to learn along the way, but we see this as a fantastic opportunity to grow and support Northern Ireland's future business leaders."

More than 50 new business ideas have already been submitted since the launch at the end of October.

Belfast Telegraph