ÁñÁ«ÊÓƵ

Social enterprise spin-offs hit high

<ÁñÁ«ÊÓƵ class="standfirst">The number of people employed by social enterprises spun off from universities rose by almost 150 per cent between 2012-13 and 2013-14, figures reveal
May 21, 2015

The Higher Education Business and Community Interaction Survey finds that social enterprises are the fastest growing type of campus-born start-up, with the number of new ones growing from 14 in 2012- 13 to 169 in 2013-14.

The number of new formal spin-off companies fully or partly owned by universities remained flat over the same period. The number of new companies with no institutional ownership fell by a third, and employee numbers overall at such start-ups by 60 per cent.

The number of new staff and graduate spin-off companies grew in the period, although this growth was outpaced by expansion at social enterprises. Social enterprise start-ups employed 388 people in 2013-14, up from 159 in 2012-13, says the report, published on 31 March.

holly.else@tesglobal.com

Register to continue

Why register?

  • Registration is free and only takes a moment
  • Once registered, you can read 3 articles a month
  • Sign up for our newsletter
Register
Please Login or Register to read this article.
<ÁñÁ«ÊÓƵ class="pane-title"> Sponsored
<ÁñÁ«ÊÓƵ class="pane-title"> Featured jobs
ADVERTISEMENT