By Gareth Evans
Universities across Wales have again proven themselves a breeding ground for budding entrepreneurs. According to research, Glamorgan and Swansea Metropolitan universities rank as the best in Wales for producing successful graduate start- up businesses.
In total, 47% of all thriving Welsh graduate start-ups, which have survived three or more years, began their life at the two post-1992 institutions. Figures obtained from the Higher Education Business and Community Interaction Survey show there were 370 spin-off companies active in Wales in 2010-11.
Glamorgan accounts for 89, while Swansea Met (86) and Cardiff University (56) also compare favourably. Earlier in 2009-10, Swansea Met came out on top with 77 Welsh graduate start-up businesses.
Professor David Warner, Swansea Met vice-chancellor, said: “We are absolutely delighted to once again be so prominent in this knowledge transfer table. “We have embedded the acquisition of entrepreneurial skills into the majority of our programmes and, together with the excellent encouragement and guidance provided by our staff, the results speak for themselves.
“If these actual figures are re-calculated on a pro-rata basis to the number of students at each university, then Swansea Met’s dominance in Wales becomes even more marked.”