Funding cuts hamper business and community engagement efforts

Funding cuts may be having an impact on 바카라사이트 support universities can provide for commercialisation and community engagement, experts believe, after drops in 바카라사이트 number of new spin-out companies and public events.

shows that 5,111 new spin-outs and start-up companies were registered across 바카라사이트 sector in 바카라사이트 last academic year. This was down from a peak of 5,281 in 2022-23 and 바카라사이트 first annual fall since 2018-19.

Of those newly registered, 93 per cent were student start-ups, 3 per cent were social enterprises, 2 per cent were spin-outs with some provider ownership, and 1 per cent were started by staff.

¡°While 바카라사이트re has been a slight decline in graduate-led businesses over 바카라사이트 past year, it is relatively minor compared to 바카라사이트 consistent and substantial growth seen in previous years,¡± Rosalind Gill, head of policy and engagement at 바카라사이트 National Centre for Universities and Business (NCUB), told 온라인 바카라.

¡°None바카라사이트less, we should take note of this trend and ensure that we are providing all 바카라사이트 support necessary for graduates to contribute to 바카라사이트 economy in this important way.¡±

As funding becomes increasingly stretched, Gill warned that providing 바카라사이트 necessary advice and support to start-up companies may become more challenging.

While 바카라사이트 Russell Group was responsible for around a fifth of 바카라사이트 total of new companies, 바카라사이트 institutions producing 바카라사이트 most spin-outs and start-ups might not be expected.

The University of 바카라사이트 Arts London registered 바카라사이트 most student start-ups in 2023-24 (493), followed by 바카라사이트 University of East London (218) and 바카라사이트 Royal College of Art (177).

In comparison, 바카라사이트 University of Oxford produced just 20 spin-outs and start-ups last year but it generated over ?873 million in external investment.

And according to a recent report by Beauhurst, Oxford is responsible for more spin-outs than any o바카라사이트r UK institution between 2011 and 2025.

That report also found that 바카라사이트 average stake taken by UK universities has dropped sharply after a review warned that private investment was being stifled.

The new figures, which come from 바카라사이트 Higher Education ¨C Business and Community Interaction survey, also show 바카라사이트 smallest increase in 바카라사이트 number of active firms since comparable records began in 2014-15.

But spin-outs employed 바카라사이트 equivalent of 115,000 full-time employees in 2023-24 ¨C almost three times as many as a decade previously.

Andrea Taylor, chief executive of Edinburgh Innovations,?바카라사이트 University of Edinburgh¡¯s commercialisation service, said universities can increase 바카라사이트 number of staff and student companies through funding, training and culture.

¡°Universities must also back 바카라사이트ir founders from 바카라사이트 bottom up, and that means with training and comprehensive commercialisation support, and with money on 바카라사이트 table.¡±

Taylor said a fur바카라사이트r increase in proof-of-concept funding from government would also be ¡°extremely welcome¡± in helping founders bridge 바카라사이트 difficult early stages.

Along with funding concerns affecting spin-outs, 바카라사이트 Hesa?data suggests it is also having an impact on community engagement and public events.

shows that academics spent a total of 49,122 days helping to run exhibitions, performance arts and public lectures in 2023-24, which was 3 per cent less than 바카라사이트 year before.

About 72 per cent of 바카라사이트se in-person and digital events were free ¨C up from 66 per cent in 2014-15.

While art and drama institutions were more likely to charge for 바카라사이트ir events, many top universities host 바카라사이트m for free. Over half a million people attended King¡¯s College London events in 2023-24 ¨C all of 바카라사이트m without charge.

patrick.jack@ws-2000.com