National Enterprise Educators Award for Entrepreneurship Catalyst

Simmons, Marcus ORCID logoORCID:, Cox, Steve, Neale, Vivienne, Popperwell, Kerri and Bossey, Adrian ORCID logoORCID: (2023) National Enterprise Educators Award for Entrepreneurship Catalyst. UNSPECIFIED.

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Abstract / Summary

Launchpad is Falmouth University’s venture studio. Dedicated to driving the growth of Cornwall’s economy, Launchpad was designed as an ambitious real-world environment for entrepreneurial success. Students develop ideas with the support of experienced coaches, entrepreneurs in residence, plus a fully funded Masters degree in Entrepreneurship. The programme allows students to test and develop their business ideas by putting theory into practice and has received many plaudits since its launch in 2018.

The aim is to support economic growth in the region to help address poverty and limited employment opportunities, with targets to deliver new jobs, new businesses and new products. Launchpad start-ups remain headquartered in Cornwall and the Isles of Scilly for at least five years after incorporation, meaning the skills, talent, investments and opportunity stay in the county. Launchpad is part funded by the European Regional Development Fund (ERDF), Research England and Cornwall Council.

The five-year funding period of the Launchpad programme ends on 30th June 2023, but as 2021 progressed it became clear that while impressive results had been delivered, they fell significantly short of the challenging outputs required. With 60% of the programme completed, 25 start-ups and 65 new jobs had been created, which equated to less than 25% of the contracted deliverables.

At the start of 2022, the make-up of both Launchpad and MSc teams changed significantly to reinvigorate the programme. A serious rethink was needed which required the Launchpad and academic teams to work closely together on a range of new initiatives that could dramatically increase programme outputs i.e. achieve 75% of the contracted outputs in just 40% of the programme time.

This award entry details the amazing results delivered by two newly formed small teams, none of whom had been in post for more than six months at the start of 2022.

The award is for “an individual or team from HE or FE who are delivering exceptional entrepreneurship education or practice inside or outside the curriculum”.

Item Type: Other
Uncontrolled Keywords: neeuk awards enteprise educators entrepneurship
Subjects: Business
Courses by Department: Business School > Business Entrepreneurship
Depositing User: Marcus Simmons
Date Deposited: 20 Sep 2023 15:28
Last Modified: 23 Nov 2023 19:41


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