We received a number of high-quality applications this year and it is very exciting to be able to award prizes to three completely different business ideas.

Steve Marsh's Collide could actually be used in a number of different ways. He developed this technology himself and now has a good team around him to help transform it into a business. Joshua Wies has exclusive European distribution rights for the Walkasins product and with his great connections in the physiotherapy and osteopathy sectors, we have high hopes for this.

In stealth mode until April 2013, Yutaro and Gonçalo's Syndicate Room will offer a sophisticated solution for business angels to invest in start-ups based on crowd funding technology. They are both very impressive individuals and have developed this terrific idea which should help countless other businesses for years to come.

The knowledge and experience, as well as the ideas and honest feedback, we received from our mentors, Walter Herriot and Ben Mumby-Croft, was not only vital in helping us win the Enterprise Fellowship Scheme but will be invaluable in further developing and improving the business strategy for Syndicate Room.

We aim to launch Syndicate Room in the second quarter of 2013 and, all in all, winning the competition was a great way for us to end the year.

The funding CEDAR has given to Collide will allow us to carry out the necessary marketing needed to give us a major presence and gain a critical mass of users, which is essential for our business.

In 2013 we hope to gain 10,000 Collide users in the Cambridge area as well as initial roll-outs to the rest of the UK. We have already released the Collide app for both iPhone and Android, and believe we already have a really great product, which can be downloaded from www.getcollide.com This funding will help make the vision a reality and will allow us to continue providing our service for free!.

Winning the CEDAR Enterprise Fellowship Scheme will give Advanced Balance Systems a huge kickstart towards our 2013 product launch of Walkasins. Aside from the financial support, the business mentoring from Professor Roger Mumby-Croft and the prestige of being an Enterprise Fellow will allow me to accelerate my company's growth in the UK and Europe.

I expect to have Walkasins balance technology available through select private physiotherapy practices in the coming months and to have a large clinical trial for people with balance problems up and running by the end of next year. The support from CEDAR has certainly helped to make this possible.

Tom was working as a wedding photographer and had developed a system to run his business; enough people were impressed by it that we formed Light Blue Software to bring it to market.

Three years on our software has reached v3, with a sizeable market both in the UK and around the world, and we have built a reputation for both top-notch software and excellent customer support.

We are constantly developing our software to add new features and bring it to a wider audience, and the CEDAR funding and mentoring will be invaluable for the plans we have in 2012, helping us to speed our product development and bring other people on board.

To have a team of established entrepreneurs supporting me at such as early stage, not only financially but with their time and expertise, is a golden opportunity.

Entering the CEDAR Enterprise Fellowship Scheme was one of my best decisions! Obviously, this financial input will give our product launch the healthy boost it needs, but perhaps more importantly, the unrivalled level of advice and expertise offered as a result will help me grow the business to where we would like it to be.

This was the first Enterprise Fellowship Scheme run by CEDAR and to be able to help four new enterprises with funding and mentoring support is fantastic. I am already looking forward to the 2012 Enterprise Fellowship Scheme.