Finalist

Entrepreneurial University of the Year Award

The University of Strathclyde

Finalist of the Entrepreneurial University of the Year Award

University of Strathclyde - United Kingdom

"The University of Strathclyde – A 200-year-Old Start-Up "


Engage on social media

@StrathInspire
(Official Strathclyde Inspire Twitter account )
https://www.linkedin.com/company/strathclyde-inspire/
(Official Strathclyde Inspire LinkedIn account )
https://www.instagram.com/strathclydeinspire/
(Official Strathclyde Inspire Instagram account )
YouTube: https://www.youtube.com/@StrathclydeInspire
(Official Strathclyde Inspire YouTube account )

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Summary

Founded (1796) as ‘a place of useful learning’, entrepreneurship is in our DNA, and like any (200-year-old) start-up, the University of Strathclyde seizes opportunities, embraces change and continually strives for excellence.

Since launching our Hunter Centre for Entrepreneurship in 2002, acknowledged as a leading European university-based centre of entrepreneurship, we have continued to significantly enhance our entrepreneurship provision. In November 2020 we committed to further investing in and accelerating our entrepreneurial journey by launching our institution-wide entrepreneurship strategy, Strathclyde Inspire (SI)– the first of its kind in Scotland.

Our vision is to create a world-leading university entrepreneurial ecosystem which does two things:

1) unlocks the entrepreneurial potential of our people.

2) creates an environment in which venture creation and growth thrives and delivers socio-economic impact.

Leveraging our global alumni community, and our position as an anchor institution within Scotland and the UK’s broader entrepreneurial ecosystems, SI is delivered through four strategic goals:

1) Developing entrepreneurial mindsets: positioning entrepreneurship as a mindset and set of behaviours that can be adopted by all;

2) Identifying & supporting entrepreneurial talent: making our entrepreneurial support services easily accessible – ensuring emerging innovators are aware of the practical entrepreneurship support available to them at Strathclyde;

3) Empowering entrepreneurs: providing access to our innovation-led opportunities with an unrivalled package of support at the heart of Glasgow City Innovation District (Scotland’s first innovation district), accelerating them towards investment and growth;

4) Scaling innovation-driven enterprises: addressing the early-stage funding gap through significant expansion of our investment capabilities.

Key People


Professor Sir Jim McDonald
Principal, University of Strathclyde
Knighthood for services to education, engineering and the economy,  Chair, Strathclyde Inspire Steering Group



Professor Eleanor Shaw
Associate Principal, Entrepreneurship and Education, University of Strathclyde
OBE for services to entrepreneurship and education,  Executive Lead for Strathclyde Inspire



Gillian Docherty
Chief Commercial Officer, University of Strathclyde
OBE for services to information technology and business,  Strathclyde Inspire Steering Group



Professor Tim Bedford
Associate Principal, Research & Innovation, University of Strathclyde
Strathclyde Inspire Steering Group



Fiona Ireland
Head of Entrepreneurship Strategy, University of Strathclyde
Strathclyde Inspire Steering Group



Professor Jillian MacBryde
Head of the Hunter Centre for Entrepreneurship, University of Strathclyde
Strathclyde Inspire Steering Group


Acknowledgements

A massive thank you to all the staff involved in the delivery of Strathclyde Inspire. In particular: the Start-Up, Industry Engagement & Commercialisation, Investment and Ecosystem teams within the Innovation & Industry Engagement Directorate; the Entrepreneurship for All Working Group comprising representatives from all four Faculties, the Hunter Centre for Entrepreneurship, the Education Enhancement Directorate, the Student Experience Directorate, and the Organisational & Staff Development Unit; as well as Strathclyde Business School colleagues from Strathclyde Executive Education and Development (SEED).

We are also delighted to have the support of our Student Executive through our Partnership Agreement with the Students’ Union which will embed entrepreneurship into the student experience.

Thanks to our Inspire Supporter Network comprising entrepreneurial alumni and friends; our Senior Enterprise Fellows; and generous donors, special thanks to the Charles Huang Foundation.

And finally, we work collaboratively with an extensive network of entrepreneurial ecosystem partners, together providing support at every stage of the entrepreneurial journey.

Images

The Strathclyde Inspire Hub

The E4A Working Group receiving an award for epitomising the University values

The Entrepreneurial Strathclyder

Senior Enterprise Fellow, Susan Aktemel (Homes for Good), Social Impact Advisor

Student, Robbie MacIsaac (FLUX)

Staff Member, Kieren Egan (CareFit)

Alumna, Janani Prabhakaran (Unbaggaged)

Power a Life, Transforming Lives across Africa

Lab to Clinic, Global Impact on Healthcare

Institution-wide Entrepreneurship Strategy

IMPACT STORY

Impacting lifes

As a socially progressive institution, we are focused on ensuring our entrepreneurial actions address local issues and global challenges. We have a track record of developing entrepreneurial solutions to global problems, transforming thousands of lives.

Our success, for instance, in translating drugs designed and formulated in academic labs into medicines has significant global impact on healthcare: cancer drugs Temozolomide and Abiraterone have improved the quality of life and increased survival rates during treatment for over a quarter of a million patients annually since 2008; our novel anti-infective drug for the cure of hospital-acquired infection, C. Difficile., which kills 29,000 p.a., is expected to be available in 23/24; and we are in the process of spinning-out a new company which is developing drugs to treat fungal diseases that kill more than 15M people globally, per annum.

Our student and alumni-led companies are also addressing problems. Take for example, Homes for Good, Scotland’s first social enterprise letting agency which, since 2014, has created secure homes for more than 2600 people on low incomes in Glasgow. Or Power-a-Life, which, through the sale of everyday products, aims to provide children in rural Africa with 10,000 solar lights, five water-wells and 5000 notepads by 2030, empowering them to achieve their potential.

By enabling a community of entrepreneurial change-makers and embedding an impact first mindset in all that we do, our entrepreneurial impact extends well beyond our commercial outputs and is realised in the everyday actions and attitudes of our students, staff and alumni.

LEARNINGS

Lessons learned

Our entrepreneurial spirit is reflected in the University’s values: bold; innovative; ambitious; people-oriented; and collaborative. Our values guide our institutional behaviour, ensuring long-term commitment to our entrepreneurial culture.

Our institution-wide entrepreneurship strategy, Strathclyde Inspire, sets out clear goals for creating an environment in which entrepreneurial people and ventures thrive. Executive-level approval of the strategy as an institutional priority was facilitated by senior leadership champions, including the University Principal.

In order to leverage University-wide enthusiasm, a cross-University working group of entrepreneurship advocates was created. Championed by our Associate Principal for Entrepreneurship & Education, the meetings stimulate discussion around new and developing proposals, providing a sense of ownership and accountability which extends beyond any one department.

External support has been equally important, both in terms of alignment with and contribution to local and national policies, as well as support and guidance from entrepreneurial leaders.

Our network of Inspire Supporters, enabled by our long-standing relationship with our Alumni & Development colleagues, includes experienced entrepreneurs who are willing to give their time to support the next generation; a small group of senior entrepreneurial fellows (SEFs) who help shape the evolution of the strategy; and donors.

In two years, we have secured £4.2m in philanthropic support plus £30m for the creation of a technology and innovation centre, including Entrepreneurship Hub, at the heart the Glasgow City Innovation District. Philanthropy has been enabled by evidencing our own financial commitment, which is clear from our staff count, policy to financially reward academic entrepreneurs, and £7.5m investment fund.

FUTURE PLANS

What's coming?

Our Inspire strategy takes us to 2025 and focuses on realising our most ambitious goals: implementing our sector-leading Entrepreneurship for All approach, ensuring all students have an opportunity to become an Entrepreneurial Strathclyder, and embedding an entrepreneurship champion in every department.

As we develop our strategy to 2030 and beyond, a key focus will be on building our entrepreneurial community. Strathclyde has a global alumni community of 196,000 and building on our tried and tested local engagement model, the Inspire Supporters Network, there is enormous scope to leverage the knowledge, expertise and willingness of this network to further our own ambitions for entrepreneurship, as well as raising the aspirations, and success, of our growth entrepreneurs.

Closer to home, our focus will be on creating a porous community in our immediate ecosystem, the Glasgow City Innovation District (GCID). A hub for entrepreneurship, innovation, and collaboration, GCID builds on Strathclyde's rich tradition of scientific excellence and industrial collaboration. Bringing together ambitious, forward-thinking people, the District is tackling societal and global challenges and driving inclusive economic growth. Home to many innovative companies and organisations working closely with Inspire to nurture and accelerate their growth, improve productivity, and access world-class research and technology, GCID offers enormous potential and opportunity for closer collaborations between Inspire and this thriving entrepreneurial ecosystem.

Our strategic commitment to entrepreneurship is clear and the evolution of our institution-wide entrepreneurship strategy, and the University’s overarching strategy, Strathclyde 2030, will further celebrate and position Strathclyde as an outstanding entrepreneurial University.


KEY STATISTICS

£34.m

philanthropic support received in last 24 months

200%

increase in students taking entrepreneurship education since strategy launch in 2020

70%

of our supported entrepreneurial opportunities align to UN SDGs

79

active Inspire Supporters

4th

most active investor in Glasgow (Beauhurst 2021)

£14m

third party investment leveraged in 8 months

2nd

in Scotland for total number of spin-out companies generated since 2011 (Beauhurst 2022)

200

growth companies supported since 2015

354

companies created since 2006

200

years of useful learning and entrepreneurial impact

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