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Graduate Entrepreneurship Project

A Case Study in Quantifying Impact

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Transcript of Graduate Entrepreneurship Project

Aims and Objectives
Aim:
Provide best enterprise and business start-up support to students and graduates of the HE institutions in Yorkshire and Humber.
Objectives:
Promote entrepreneurship and business start-up to HE students and graduates.
Combine resources and best practice to support entrepreneurs
Manage broad framework of support activity delivered locally by HEIs, and regionally, to engage and support business start-up and growth.

The Future
Strong will within partners to continue the Graduate Entrepreneurship Project
Yorkshire Universities commissioned a scoping study to investigate options to support regional graduate entrepreneurship support
Despite being linked to LEP growth and strategic economic growth plans, does not appear to feature in all plans within region's LEPs.
Evaluation Process
Origins
Emerged from careers services commissioned project - 6 Yorkshire universities.
First Phase (2007-2010) initially led by Yorkshire Universities, transferring to University of Huddersfield in 2009.
Part-funded by Yorkshire Forward Single Pot
YF supported application for Second Phase 2011-2014 then passed to DCLG.

Programme Learning Reviews
Themes:
Partnership
and Sharing
e.g. Boot Camp
2014


Project Administration
Awareness Raising and Wider Impact
Dr Kelly Smith & Colin Harrison
University of Huddersfield

Yorkshire's Graduate Entrepreneurship Project:
A Case Study in Quantifying Impact.

Partners
Lead Partner
University of Huddersfield

Delivery Partners:

University of Bradford
University of Huddersfield
University of Hull
Leeds College of Music (2011 only)
Leeds Metropolitan University
Leeds Trinity University
Sheffield Hallam University
University of York
York St John University

Strategic Partners:
University of Leeds
University of Sheffield

Funded Activities
1-2-1 business start-up advice
Networking events and business-specific workshops
Proof-of-concept funding up to £1000
Start-up grants up to £2500
Annual 4 day residential boot camp

Contracted Outputs and Results
Outputs
20
SMEs Assisted
Results
30
gross new jobs created
50
new businesses created and surviving 12 months
No contracted
GVA
targets, but requirement to calculate GVA added into re-profiled contract in 2013

Actual Ouputs
and Results
Outputs
92
SME Assistances
Results
75
gross new jobs created
62
new businesses created and surviving 12 months
Currently predicting
67
business created by Dec 2014
Estimated £4.8m GVA
Underlying
Activity
6003
general enquiries
2627
students or graduates engaged/signed up to service
4532
1-2-1 meetings held
326
events held
8806
attendees at events
99
Start-Up Grants awarded to value of £182,111
95
Proof of Concept grants awarded to value of £45,173
Initial evidence of
25
extra businesses created from Boot Camps
http://graduateentrepreneurship.co.uk/
http://graduateentrepreneurship.co.uk/uploads/attachment/28/gva-logic.pdf
http://graduateentrepreneurship.co.uk/uploads/attachment/24/gepsummary-of-bootcamp-study.pdf
Quantifying Performance
Qualitative Evaluation
Quantitative Analysis
HEI's Programme Learning Reviews
Evaluation Day






Other Impact
Conclusions & Lessons Learnt
Conclusions and Lessons Learned
Regional partnership of significant
value to beneficiaries and partners
.
Regional collaborations
of particular value for smaller institutions.
Inclusion of
all regional universities
important to all, even those not directly involved with delivery.
Work needed to maintain
partnerships.
Value of partnership difficult to define
but important to try to identify it.
Regional collaboration an excellent
opportunity to raise profile
of project, beneficiaries and institutions.
Additional profile /value could be generated through
stronger links with national initiatives.
High priority on
high quality, 1-2-1, easily accessible expert advice
.
Multi-stranded promotional activity
aimed at potential beneficiaries is extremely important and must include academic staff as well as on-campus campaigns.
Other Impact
National Entrepreneurship Education Award,
Enterprise Champion, 2011
Inclusion in national reports and reviews
Wilson Review
of University-Business Collaboration in 2012
Witty Review
of Universities and Growth in 2013
Duke of York Young Entrepreneurs Awards
2 years of awards to date
One of only 2 University groupings at the
Pitch @ the Palace
event

Case Studies
Many examples of successful businesses
http://graduateentrepreneurship.co.uk/successes/
Issues in
Measuring Impact
Which of these measures have you used and what was your experience?
What else could or should we be doing?
How could - or should - measurements of impact be used?
GVA?
http://graduateentrepreneurship.co.uk/uploads/attachment/26/kba-draft-evalution-programme-learning-reviews.pdf
http://graduateentrepreneurship.co.uk/uploads/attachment/27/kba-draft-evaluation-conclusions-amp-lessons-learned.pdf
http://tinyurl.com/ieec2014-impact
HEBCI Data
Six items relating to graduate start up:
Number established
Number active after 3 years
Total number of active firms
Employment in active firms
Estimate of turnover
Estimate of external investment
Number established: 133
Number active after 3 years: 264
Total active: 470
Employment: 734

Y&H HEBCI 2012/2013
Y&H HEBCI 2010/2011
Number established: 89
Number active after 3 years: 204
Total active: 444
Employment: 489
DLHE Data
Self-reported destinations include:
Self-employment
Exploring business start-up

Further question:
How well did your University prepare you for self-employment/freelancing?
University of Huddersfield
2012/2013
Self-employed: 179
Exploring start-up: 35

University prepared 'well' or 'very well': 40.4%
Full transcript