The achievements of some of the UK’s most forward-thinking young innovators will be showcased in Bristol next Thursday when the SETsquared student enterprise awards take place.
The awards, which will be presented by Charles Tyrwhitt Shirts founder Nick Wheeler, who came up with the idea for his clothing empire while studying at the University of Bristol, will be presented to students and graduates from universities across the SETsquared partnership, including Bristol, as well as the mentors, champions and initiatives that have helped them thrive.
According to research, more than one in four unemployed young people would rather set up their own business than search for a job and the number of self-employed young people has risen by 71,000 since the start of the financial crisis.
Mr Wheeler, who is also a non-executive director of The White Company, says the role entrepreneurs have to play in the UK’s economic future must not be underestimated.
“With the UK showing signs of a stagnated economy, it has never been more important to nurture the next generation of entrepreneurs. Fast, flexible and lean start-ups will be the lifeblood of UK business in years to come and it is therefore vital that businesses, Government and organisations such as SETsquared work together to make it happen.”
Historically, the SETsquared student enterprise awards have acted as a barometer for emerging talent in UK business. Previous winners have included those behind the company Thoughtified, which began life as a student enterprise start up in 2011 and now turns over £300,000 a year.
SETsquared runs a number of initiatives and events to help foster entrepreneurialism among students in its partnership universities of Bristol, Bath, Exeter, Southampton and Surrey.
It regularly teams up with some of the UK’s biggest companies and most successful entrepreneurs to deliver workshops and training.
The most promising of student enterprise businesses are brought into its business incubator programme and examples include Bath-based accessories company Elephant Branded which started life as a student enterprise business and now supplies retail giants such as John Lewis.
Partnership director Graham Harrison said: “SETsquared is very much supporting the Government’s agenda for entrepreneurship and growth, working at the coalface to deliver training and mentoring to entrepreneurs young and old.
“What is needed for the UK to catch up with its more entrepreneurial counterparts in the USA is a cultural shift to celebrate success, self employment and risk taking. This is why events such as these awards are so important – they are pushing for that cultural shift and making entrepreneurialism something to aspire to rather than fear.”
A total of 26 students, organisations and business people have been shortlisted for the awards. The categories up for grabs on June 6 are:
- Best Graduate Start Up – best start-up from an alumni, post graduate or post doc
- Best Student Start Up – best start-up from an undergraduate student
- Best Social Enterprise Project – projects which have been developed to have social rather than economic impact and are often part of the Universities Enactus activities
- Best Student Enterprise Experience – best project developed to engage and promote the entrepreneurial spirit of its students
- Business Mentor of the Year - individuals who have supported a SETsquared student/student group to carry out enterprising activity at their university
- Student Enterprise Champion – students who have made an outstanding contribution to enterprise which has significantly impacted on the success of their respective Enterprise Society
- People's Choice – voted for on the night of the awards by the audience for the best start-up from the Graduate, Start-up and Social Enterprise category
To find out more about the event, which will be hosted by the University of Bristol at the city’s MShed, visit www.setsquared.co.uk/event/student-enterprise-awards
