Student Placements for Entrepreneurs in Education

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Student Placements for Entrepreneurs in Education

• Brian Clements Director of the Institute for
  Innovation and Enterprise, University of
  Wolverhampton
• At
• HEIF3 Workshop hosted by UCL
• London Thursday 16th March 2007

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Caveat

• SPEED is an educational project, not a job or
  business creation programme!
• Such aspects of the project may be attractive to
  RDAs, but the partner HEIs recognise that the
  process is more important than the outcome.

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SPEED

• Too few men and women here in Britainhave
  started or grown a business or become
  self-employed and so it is time to remove the
  financial, cultural and other barriers to
  enterprise, so that in Britain, starting a
  business becomes the ambition of not just an
  elite few but of many.
• George Brown, Chancellor of the Exchequer,
  Mansion House 2002.

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SPEED

• Funded under the HEIF 3 Competitive element
• 5,000,000 total funding to 2009
• Pilot self-employed placements at both
  Staffordshire and Wolverhampton indicated a
  viable paradigm

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SPEED

• 12 Universities
• Birmingham, UCE, Coventry, Derby, Nottingham
  Trent, Southampton Solent, Staffordshire, Thames
  Valley, Ulster, Warwick, Wolverhampton, Worcester
• 9 external partners
• Including NCGE, UKSEC and Young Enterprise
• 750 placements
• 30 months

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Funding

• 6000 per student of which
• 1500 to supervising HEI department
• 4500 to the student entrepreneur
• This may be shared between start-up bursary,
  start-up expenses, accommodation and professional
  services.

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Eligibility

• Students registered with a partner University
• Student funded must have individual P L
  responsibility in their business
• Must have a business concept considered to offer
  a viable chance of success and financial support
  for the duration
• Must be accepted by a selection panel
  representing their own and one other HEI

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Assessment

• Monthly progress reports to academic supervisor.
• Final project dissertation.
• Note that assessment standards are set by the
  supervising HEI

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Research

• Working with Cambridge MIT project via UKSEC to
  collaborate on longitudinal research through the
  EGHI (Education for High Growth Innovation)
  programme.
• Funding is being sought for a 25 year research
  programme.

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Progress

• 250 Students registered by 1st March 2007.
• In discussion with RDAs for regional extensions
  of the programme.
• In discussion with DG Education and Culture for
  European extension of the programme.

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Contacts

• University of Wolverhampton
• Brian Clements Project Director
• Steve Moore Project Manager
• Phone [phone]
• Brian.clements_at_wlv.ac.uk
• Stevem_at_wlv.ac.uk