BUDDING graduate entrepreneurs are offered advice and finance to kick-start their business ideas.
A European-funded scheme, led by the University of Huddersfield, has just received a cash injection of £1.3 million.
The money will go to people with bright business ideas who have graduated from one of Yorkshire’s 11 universities.
The Graduate Entrepreneurship Project, set up three years ago, has been given a new lease of life with the new funding. The money has come from the European Regional Development Fund, via Yorkshire Forward. Applications from start-up businesses will be welcomed. The target is to launch 50 new enterprises and help a further 20 in the next two years. Huddersfield University’s head of enterprise, Dr Kelly Smith took on the leadership of the scheme in early 2009.
She said: “Some 200 businesses were launched under its aegis and we are now looking to extend this.
“Here at Huddersfield, the Graduate Entrepreneurship Project links perfectly with the university’s own student enterprise initiative, the Business Mine.
“This enables students and graduates to receive expert help and mentoring, plus the use of office facilities for up to five years after graduation. Grants of £1,000 are available to help test the viability of ideas as well as start-up grants of £2,400.”
To take advantage of the scheme, graduates with business ideas must contact their university.