University of Wolverhampton start-up scheme celebrates 1st anniversary
A graduate start-up support scheme that was created at the University of Wolverhampton has recently celebrated its first anniversary.
The initiative, called Student Placements for Entrepreneurs in Education West Midlands (SPEED WM), gives students the opportunity to start their own business whilst they are still at university.
Potential applicants have the chance to pitch their business ideas to a Dragon’s Den style panel, which has so far resulted in the successful creation of a number of new businesses, including photography, glass design, and midwife training.
SPEED WM, a ┬ú5.2 million regional project funded by the Higher Education Innovation Fund 4 and the European Regional Development Fund, aims to create 140 new graduate businesses by the end of next year.
The scheme is managed by Advantage West Midlands and run by the University of Wolverhampton’s Institute for Innovation & Enterprise (IIE), which also manages the project for the universities of Birmingham, Birmingham City, Coventry, Keele, Staffordshire, Worcester and Aston.
Steve Moore, Deputy Director of the Institute of the IIE, said:
“Across the universities, we will be supporting at least 1,200 students in furthering their business ideas. We have had a great response and a really diverse range of ideas. We’re looking forward to developing some of these further and showing that even during a recession there are opportunities for entrepreneurs.”
The current programme runs until 2011 and may be extend beyond that. Visit the SPEED WM website for further details.