Edinburgh University leading the way in terms of new start-ups
As the public sector faces record retrenchments, the coalition Government is turning its attention to the private sector for some much needed support. New start-up firms historically struggle to attract funds and banks are known to be reluctant when it comes to the provision of risk capital. It is therefore up to private venture capitalists or investors, or even the entrepreneurs themselves, to provide that first crucial £100,000 which could make all the difference. The past 20 years has seen universities become more commercially minded. Projects managed by academics and students have received nurturing from business experts employed by university principals. The government sponsored Technology Strategy Board says “it's vital there is a knowledge exchange between academics and people from the business world. Good ideas need to be commercially challenged, and universities are becoming an increasingly important forum where the two sides can meet to discuss projects.” The most prominent ventures being undertaken by these new start-ups often focus on technology and ‘green’ industries. However, it will be difficult to transform the UK’s small, hi-tech companies into international market leaders without the necessary government assistance. Disclaimer: Article submitters are solely responsible for the content of their articles. ArtiLib can't be held liable for the contents of the articles. Report Abuse | Browse By Category |
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