Gary Frank, once a Wall Street trader, has become a pivotal figure in Oxford’s start-up scene through his innovative FAB Accelerator. He is helping emerging businesses by applying his unique approach, which once made him renowned in the doughnut industry. His experience and expertise are invaluable assets for new entrepreneurs.
Following a financial setback in 1987, Frank’s entrepreneurial journey began with the Delicious Doughnut Company. Now, decades later, he is committed to nurturing start-ups, drawing from his own experiences and lessons learned from years in the business world. His story is a testament to resilience and the power of mentorship.
From Wall Street to Doughnut Success
The 1987 economic crash was a turning point for Gary Frank, transforming him from a successful futures trader into an enterprising entrepreneur. The financial devastation led him back to the UK, where he founded the Delicious Doughnut Company in 1989. At that time, the UK market was not accustomed to American-style doughnuts, but Gary’s tenacity saw him diversify into other baked goods like muffins and cupcakes, eventually building the biggest independent cake brand in the UK by 1997.
Referred to as a ‘cake terrorist’ during a supermarket pitch, Frank took it as a compliment, highlighting his bold branding strategies. His brash approach to brand development proved effective, as he led the Fabulous Bakin’ Boys from humble beginnings to being a staple in major supermarkets across the nation. This venture laid the groundwork for his future efforts to support up-and-coming start-ups.
Establishing the FAB Accelerator
After retiring from his £20 million turnover business in 2014, Frank sought ways to give back to the entrepreneurial community in Oxfordshire. Recognising a lack of support for local start-ups, he co-founded the FAB Accelerator in August 2016. The programme, based at Oxford Brookes University Business School, spans 12 weeks and culminates in a pitching event where start-ups present their innovations to investors.
The FAB Accelerator fills a critical gap for start-ups in Oxford, where resources and guidance had been scarce. Under Frank’s leadership, the programme empowers emerging entrepreneurs with the skills and knowledge essential for thriving in today’s competitive market.
Success Stories from FAB
The impact of FAB is evident in the success of its participants. Tech firms have particularly benefitted, including Streetdrone, which focuses on self-driving electric vehicles, and TechPixies, aiding women in workforce reintegration. The FAB Accelerator is a launchpad for these companies, combining educational insights with practical applications.
A standout story comes from Spyre, which connects post-doctorate students with businesses in science and tech sectors. Founder Heather Garrick leveraged the community and networking opportunities provided by FAB to transform her idea into a viable business. Garrick remarked on the extensive support she received, having engaged with over 300 community members and professionals.
Such stories underscore the Accelerator’s role in nurturing not just businesses but a vibrant entrepreneurial ecosystem. The FAB Accelerator embodies innovation and collaboration.
Gary Frank’s Entrepreneurial Philosophy
Frank’s past experiences shape his approach to mentorship, emphasising the importance of community and bold decision-making. He candidly shares his path from failure to success, encouraging start-ups to embrace learning through doing. His philosophy stresses resilience, adaptability, and continuous improvement.
Through his personal journey, Frank demonstrates how facing challenges head-on can lead to unexpected opportunities and growth. He believes that his accumulated experiences equip him to guide the next generation of entrepreneurs through the complexities of starting and running a business.
The Unseen Benefits of FAB
Aside from business growth, FAB provides invaluable networking opportunities. Participants form lasting connections with mentors, investors, and peers. This dynamic network continues to support them long after the programme concludes, fostering a supportive community.
The essence of FAB lies in its ability to create a collaborative environment where ideas flourish and innovation is encouraged. By uniting diverse talents and fostering open communication, the Accelerator has become an essential component of the local start-up landscape.
Frank states, ‘FAB creates a great entrepreneurial community’, reinforcing its pivotal role in Oxford’s economic ecosystem. Such initiatives are crucial in bridging the gap between budding entrepreneurs and the resources needed to actualise their potential.
Building a Future-Focused Ecosystem
By leveraging Frank’s seasoned approach, FAB seeks to develop a future-proof ecosystem that supports continuous innovation and growth. The programme’s design reflects the evolving needs of modern start-ups, preparing them for the challenges of tomorrow’s market.
As new technologies and market demands emerge, FAB remains adaptable, ensuring its participants receive relevant, cutting-edge guidance. This foresight keeps the Accelerator at the forefront of nurturing innovation, aligning with the fast pace of technological advancements.
Conclusion
Gary Frank’s transformation from a ‘cake terrorist’ to a tech start-up mentor marks a significant journey marked by perseverance and vision. Through the FAB Accelerator, he offers a wealth of knowledge, aiding the success of numerous start-ups.
His impact on Oxford’s entrepreneurial landscape highlights the importance of guidance and community in fostering business innovation and growth.
Gary Frank has translated his diverse business experiences into valuable lessons for Oxford’s emerging entrepreneurs. His work through the FAB Accelerator signifies the importance of mentorship and innovation in today’s rapidly evolving business environment.
By creating a nurturing community, Frank has not only aided individual start-ups but has also contributed significantly to the broader entrepreneurial ecosystem, making a lasting impact in the region.