Strathclyde University’s entrepreneurial network has received a £1m fund to support students and graduates in business creation and growth, working with a range of partners to develop entrepreneurs.
The funding has been provided by the Scottish government’s SEEKIT programme, the European Regional Development Fund and the university to enhance Strathclyde Entrepreneurial Networks services over the next three years.
Set up in April 2005, the network has already supported more than 250 clients, enabling the creation of 36 companies and helping assist businesses grow sales revenue by £1m.
Project manager Fiona Ireland said: ‘Ultimately, the network results in new business creation, the introduction of new products and the development of early stage SMEs – all of which make a significant contribution to Scotland’s economy.’
Enterprise manager Chris Moule added: ‘The strength of the network lies in its ability to link budding entrepreneurs with established business people, an arrangement which offers an unrivalled source of support be it mentoring, finance, or access to an even wider network of commercial contacts and expertise.’