Investing in our entrepreneurs

March 31, 2020

Northumbria University has officially opened its new Incubator for graduate start-ups, cementing its position as a leading centre for entrepreneurship, enterprise and innovation

Located next to the university’s main campus, Northumbria University’s new Incubator offers purpose-built office space with state-of-the-art technology and connectivity, as well as a range of financial, legal and marketing support. There are already 19 start-up businesses in residence – and with ongoing financial support from key partners including Santander Universities UK, the North East Local Enterprise Partnership and the Sir James Knott Trust, the Incubator is set to benefit many more aspiring entrepreneurs.

Innovation and enterprise are at the heart of Northumbria’s learning experience, both with its teaching and through the support it offers start-ups through the Student and Graduate Enterprise Service. Pioneering courses such as Entrepreneurial Business Management, where students run their own businesses, and the student-led consultancy service delivered on the Business Clinic programme, have established the university as a leader in entrepreneurial education.

Northumbria has also topped the UK university rankings for graduate start-ups based on estimated turnover for five of the past six years.

Professor Steven Kyffin, pro vice-chancellor business and enterprise at Northumbria University, says: “Northumbria attracts high- quality students with the focus, talent, ambition and ability to become entrepreneurs of the future who can compete in a global market and make a significant contribution to economic growth, job creation and social prosperity. Now complete and fully operational, our new Incubator has been designed to provide the real estate and human support they need in the early years to lay down foundations for a successful future.

“Opening the Incubator is a part of our vision to help make the North East the best place in the UK to start a business. This is an ambitious and achievable goal because of the continuing support of our strategic and valued partners. “Already this year Santander has provided financial assistance to 21 graduate start-ups operating across a range of sectors. We are working closely with other valued partners, including the North East Local Enterprise Partnership and venture capitalists North Star. All our partners are making a significant contribution to our enterprise fund or offering mentoring advice to our graduate start-ups.”

Commenting on the Incubator and its wider collaboration with Northumbria, Matt Hutnell, director of Santander Universities UK, says: “Santander is committed to supporting higher education as well as local communities across the UK. We’re proud to support the launch of Northumbria University’s new Incubator for graduate entrepreneurs. We look forward to continuing our support for the exciting and innovative businesses of tomorrow.”

Northumbria University
For more information on Northumbria’s Incubator, visit: www.northumbria.ac.uk/incubator

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