A Vision for UK Higher Education

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Copyright - Peter Moss, National Council of Graduate Entrepreneurship, 2010

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A Vision for UK Higher Education

  1. 1. Peter Moss Programme Director Graduate Entrepreneurship Technology Ventures Thursday 8 th July
  2. 2. 1 Background and Aims 2 Vision 3 Programmes 4 Statistics 5 Case Studies AGENDA
  3. 3. <ul><li>Launched by Gordon Brown in 2004, started in 2005. </li></ul><ul><ul><li>US Experience: European and G8 comparisons </li></ul></ul><ul><ul><li>Economic performance </li></ul></ul><ul><ul><li>Action oriented: Not campaigning </li></ul></ul><ul><ul><li>Increase HE Industry collaboration </li></ul></ul><ul><ul><li>Change culture in universities </li></ul></ul><ul><ul><li>Quality enterprise and entrepreneurship education </li></ul></ul><ul><ul><li>Increase graduate start ups </li></ul></ul>BACKGROUND INITIAL AIMS
  4. 4. DEFINITIONS   Enterprise focuses upon the development of the enterprising mindset through a demonstration of enterprising skills, behaviours and attitudes.  These include intuitive decision making, the capacity to make things happen autonomously, networking, initiative taking, opportunity identification, creative problem solving, strategic thinking, and self efficacy.  The focus is on creating ways of doing, thinking, feeling, communicating, organising and learning. Entrepreneurship focuses upon the application of these enterprising skills in setting up a new venture, developing/growing an existing venture or designing an entrepreneurial organisation. The context might be business, social enterprise, charitable purpose, non-governmental organisations or public sector bodies. Entrepreneurship ‘makes it happen’.   Innovation is the product of Entrepreneurship . Innovation is defined as creating and exploiting opportunities for new ways of doing things resulting in better products and services, systems and ways of managing people and organisations. The successful pursuit of innovation is a function of individual enterprising endeavour and entrepreneurial organisation capacity.    You can’t have Innovation without Entrepreneurship.
  5. 5. <ul><li>A Higher Education environment driven by: </li></ul><ul><ul><li>Entrepreneurial Institutions </li></ul></ul><ul><ul><li>Entrepreneurial Staff </li></ul></ul><ul><ul><li>Entrepreneurial Stakeholder Partnerships </li></ul></ul><ul><ul><li>Entrepreneurial Opportunities </li></ul></ul><ul><li>Leading to: </li></ul><ul><ul><li>Entrepreneurial Graduates </li></ul></ul><ul><ul><li>Entrepreneurial Lives and Careers </li></ul></ul><ul><ul><li>Entrepreneurial Organisations and Communities </li></ul></ul>The Vision for UK Higher Education
  6. 6. <ul><ul><li>NCGE Supporting University Enterprise </li></ul></ul>
  7. 7. Fastest Growing Companies (Excl technology companies) This analysis is on the Fast Track 100 which is published each year in The Sunday Times . Fast Track 100 ranks Britain's hundred private companies with the fastest growing sales over the latest three years. Founded by Graduates 70% Founded by Men 91% Founded by Women 3% Founded by Team 6% Percentages are of all Fast Track 100 companies ANALYSIS of FOUNDERS of UK’s FASTEST GROWING PRIVATE COMPANIES
  8. 8. Fastest Growing Technology Companies This analysis is on the Tech Track 100 which is published each year in The Sunday Times . Tech Track 100 ranks Britain's fastest-growing private tech companies based on sales growth over the latest two years. Founded by Graduates 84% Founded by Men 93% Founded by Women 2% Founded by Team 5% Percentage are of all Tech Track 100 companies Supporting Notes: The total sales of all 200 companies has grown from £950m to £4.3bn in the 3 years to 2006/7 The total staff employed is some 38,000 by 2006/7 The average 3yr sales growth rate is 111% List of the 200 companies of Fast Track and Tech Track http://www.ncge.com/othercontent/analysis/Top200.html Further details on Fast Track: http://www.fasttrack.co.uk/fasttrack2002/home/home.htm ANALYSIS of FOUNDERS of UK’s FASTEST GROWING PRIVATE COMPANIES
  9. 9. Who are our Entrepreneurial Graduates? 2009/10 Class Size= 5268
  10. 10. What types of graduates are starting businesses? STEM = 24%
  11. 11. The majority are from Ethnic backgrounds
  12. 12. What about the North West? 11% of the total population of the UK live in the NW <ul><ul><li>14% are from the North West Universities? </li></ul></ul>
  13. 13. Technology Businesses – Case Study <ul><li>Falling Pixel </li></ul><ul><li>Falling Pixel is Europe’s leading 3D content marketplace, providing customers and digital artists with an online outlet to buy and sell computer generated 3D content.   </li></ul><ul><li>David Batterbee - MR Shox Ltd </li></ul><ul><li>MR Shox has developed revolutionary technology for mountain bike suspensions, which detects changes in terrain conditions to optimise suspension performance automatically. </li></ul>
  14. 14. Thank You

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