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10 January 2005
The cash - £570,000 from the Scottish Executive SEEKIT programme and £380,000 from the European Regional Development Fund, administered by Strathclyde European Partnership - will expand the Universitys already successful entrepreneurial network to include alumni, staff and friends.
Alasdair Mackay, Head of Business Development Services at Strathclyde, said: The expansion of the Strathclyde Entrepreneurial Network will link research excellence and commercialisation potential with the business expertise of the alumni community.
We want to provide an informal environment to encourage the transfer of knowledge and stimulate new ideas. An Innovation Fund will provide a mechanism to support initiatives emerging from the Network, developing bespoke business solutions.
The project aims to assist 108 businesses to grow and 32 new businesses to be formed by the projects completion at the end of 2007, creating 128 new jobs.
Alasdair continued The University is already highly successful in encouraging entrepreneurship through a variety of methods such as the work of Research & Consultancy Services, Strathclyde University Incubator and the Hunter Centre for Entrepreneurship.
However, this funding will allow us to be more proactive in building relationships with our entrepreneurial alumni and to look at innovative ways to engage with industry. We dont want entrepreneurship to end with graduation but to continue throughout our alumnis working life.
Strathclyde graduates can contact Alasdair Mackay in Research and Consultancy Services on .
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