The National Council for Graduate Entrepreneurship (NCGE) has lauded the impact university students have on the wider economy and urged the government and educational establishments to nurture them.
Chief executive of the organisation Ian Robertson described it as one of the most important factors in the state’s plan to produce more innovative workers in the future.
He suggested graduates tend to go on and start businesses themselves or work in the public and charity sectors, making their contribution “fundamental” to UK society.
“As a knowledge-based economy, the engine of economic competitiveness is what our universities produce in terms of graduates who are able to contribute substantially to the economy,” said Mr Robertson.
In his opinion, the main source of entrepreneurs in the modern technology-based world will come from such establishments.
A study by Deloitte showed 56 per cent of entrepreneurial firms in the UK expect to see revenue growth of at least ten per cent over the next 12 months.
Posted by Hayley Edwards