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Edinburgh University driving entrepreneurialism

Published: Tuesday, 25 August 2015   Category: All Graduate Jobs News

The University of Edinburgh has created a record number of businesses in the past 12 months, helping to boost entrepreneurialism in the UK.

It means that 184 companies have formed through the university in the past five years, of which 44 start-ups and three spin-outs were in the last year alone.

Edinburgh has a large technological hub and the institution is a driving force within it, providing plenty of assistance to those with innovative ideas.

Investment in university-founder companies totalled £237 million in 2014-2015, a record high and representative of wider business growth in the region.

The first recorded spin-out from Edinburgh took place more than 40 years ago, and the institution claims it has created more than 400 start-up and spin-outs in the time since.

This provides a platform for students to develop their ideas and gain business experience, giving further career opportunities to people when they complete their studies.

According to the university, the businesses created across the last five years employ 343 people, averaging to nearly two people per company.

One successful firm to originate at the university is pureLiFi, as the Golden State Warriors basketball team now incorporates their light enabled internet technology at their San Francisco stadium.

The university has its own commercial arm known as Edinburgh Research and Innovation and head of company formation Grant Wheeler suggests the tech hub is now the largest in the UK outside of London.

He added that many companies have the potential to develop further, with student entrepreneurs and researchers rushing to develop their business ideas. 

“Edinburgh is amongst the most entrepreneurial universities in the United Kingdom,” added Professor Sir Timothy O’Shea, principal of the University of Edinburgh. 

He pointed to the levels of support that are available to students which provides plenty of opportunities for them to develop.

Grad Plus has plenty of graduate internships and other schemes available too for anyone considering their next career steps

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