Finalist

Innovation and Entrepreneurship Team of the Year Award

LSE Generate- entrepreneurship and innovation team of the year

Finalist of the Innovation and Entrepreneurship Team of the Year Award

London School of Economics - United Kingdom

"Cultivating global communities of innovators focussed on a better tomorrow"


Have a say and vote for this entry to win the People's Choice Award!


Registered vote
500 points per vote

Provide your email address and click on "vote". You will then receive an email that enables you to verify your vote by clicking on a link.

 
Social media vote
1500 points per tweet. 500 points per retweet. 250 points for a like.

Support this entry by engaging with it on Twitter. Tweet or retweet using the following two hashtags to support this entry (use both hashtags in the same Tweet). Also, if you "like" an existing Tweet with these hashtags, the entry gets points.
#ACEEU_Awards
#2023Entry823

Live voting at Awards Ceremony
7500 points per vote

Join the Awards Ceremony online and vote live for this entry. Register here and we will send you a reminder and streaming link closer to the event.

The Award Ceremony for this entry (award category "Innovation and Entrepreneurship Team of the Year ") will take place on 27 June 2023, 18:45 to 19:45 CEST.

Summary

The Generate team strives to empower and educate a global community of students and alumni to build and scale sustainable businesses, innovating for a better tomorrow. We’ve designed a year-round programme jam-packed with funding competitions, events, mentorship and networking opportunities. We support LSE innovators across their entire entrepreneurial journey and provide the infrastructure to build and scale ideas. Illuminating entrepreneurial education as a meaningful path to drive local and global change and providing the tools to achieve ambitious entrepreneurial goals is a priority for many HEIs. For us, it sits at the top of the agenda; a core, short-and long-term strategic target for the school and a priority area for investment. Our thesis is simple: by backing the best founders of tomorrow we can create a pipeline of globally impactful businesses equipped to change the world.
Since our program’s conception in 2016, we have come a long way, establishing Generate as the social innovation hub dedicated to incubating and accelerating mission-driven start-ups. We leverage our global network of 24,000+ founders out of which over 3000 alumni offer peer-support, sharing of best practice, funding leads and mentorship while benefitting from the programme’s year-round, digital, and in-person offerings. The hub is now recognised as a global leader in entrepreneurial education and social innovation thought leadership and with the school announcing its 26th unicorn last month. We believe all Social Sciences universities should aspire to support co-creating life-changing innovative solutions alongside its STEM institutional counterparts to contribute to a better tomorrow.


Key People


Laura-Jane Silverman
Head of LSE Generate
Research and Innovation,  London School of Economics and Political Science


Acknowledgements

A big thanks and shout-out to our mentors and sponsors at OakNorth who support the Mentorpreneurship programme, our community partners at Websummit and Casa do Impacto in Portugal, our many many, alumni who support us as we grow our programme – we wouldn’t be able to do any of this without you!

Images

Welcome Week at LSE Generate

LJ, head of LSE Generate interviewing programme sponsor OakNorth at the new coworking space

Our first women founder's retreat off the beaten track!

Summer School Hackathons

Schools Programme - funding competition final - the WINNERS!

IMPACT STORY

Impacting lifes

Generate endorses innovation for the betterment of society, aiming to continuously connect with the wider world with a belief in the power of proximity as a way of understanding better social problems and subsequently creating more effective solutions. The hub’s first coworking space, in Kentish Town, London, was opened during the pandemic in collaboration with Camden County Council. Converting an empty office block into a vibrant community space, the centre opened its doors not just to over 900 students but any local and impact-driven innovator looking to join a like-minded community. The hub housed an accelerator for single parents, engaged a creative arts charity – Paint the Change – to design the space, and opened its doors to host a family day for the local community. During the pandemic, the team transformed the space into a covid-response centre and co-launched the Dare to Care initiative where our entrepreneurs created PPE out of 3D printers, worked with alumni food and beverage start-ups to distribute over 10,000 essential packages and PPE to key workers in local hospitals and to the most vulnerable in the community. The team raised over £10,000 and donated over £24,600 in Hazmat uniforms to UCL hospital across a period of less than 3 months.

LEARNINGS

Lessons learned

Your role as an entrepreneurial educator is a little like standing in a sweet shop as a kid – the choice of offering that stands before you is exciting as it is overwhelming. Any number of skills development activities can be delivered at any point. We learnt - after numerous bumps along the way - that the best route is deep and narrow. Adopting an entrepreneurial model to our own program, we spend a lot of our time validating, speaking to our end customers at all points, and then focussing on the go-to-market. Only once this backbone (funding competition, mentorship, a basic international events programme and accelerations) was established did we then venture into more unknown and adventurous territories.
We also found that purely focussing on product development meant that an entrepreneur’s wellbeing and founder development issues were constantly overlooked, leading to less healthy businesses overall. Our programme now has a 50/50 split between the two focuses and extensive surveying has suggested that our entrepreneurs are a lot better off because of it.
Finally, we firmly believe that it is only through integrating the learnings and, more importantly, practitioners from the social sciences world into the tech space that we can start to seriously address the most urgent problems of today. The necessary shifts in our society can and will occur by investing in founders with a foundation in the social sciences, who have a cross-disciplinary approach, build diverse teams, and who are trained to consider the “cause of things”.

FUTURE PLANS

What's coming?

Widening International Strategy: We plan to increase our international presence by working closely with alumni organisations and ambassadors in new locations around the world. Through ongoing discussions, we are planning to expand our international chapters programme to New Delhi, Nepal, Miami, Toronto, Austin, Rwanda, Kenya, Ghana, Paris and Berlin by 2025.

Developing our Schools Programme: Our next phase will include secondary school students completing an alumni-designed mentorship certificate and engaging with primary school children with the purpose to embed entrepreneurial skills even earlier on so that, by university stage, students are far better equipped to innovate confidently, demonstrate increased resilience, and produce more effective solutions to real-world problems. Over the next 3 years we have the ambition of benefitting 100,000 school children with this programme, delivering real benefit to a wider public, introducing a completely new alternative education that meets the needs of our changing world and extends valuable external recognition to the University as a whole.

Establishing a circular economy: This year, the team will introduce the Founders Pledge; an agreement that invites later-stage entrepreneurs to donate a portion of their profits back to the school upon liquidity, allowing funding for greater monetary support for programmes impacting new start-ups.


KEY STATISTICS

3000

Number of students and alumni supported each year

15

Number of international chapters launched by LSE Generate

68%

Proportion of international alumni entrepreneurs, the highest out of all UK universities

160

Countries represented by LSE entrepreneurs

26

Unicorn companies started by LSE founders

25000+

LSE founders

2000+

VC backed companies within the LSE alumni network

2024 © ACEEU. All rights reserved.