New initiative for start-ups receives funding

Emin (East Midlands Incubation Network ) Enterprise Solutions reported that new funding has just been secured to help final year University students and graduates across the East Midlands to develop their entrepreneurial skills and launch their own business thanks to a £2.7 million initiative called Enterprise Inc.

East Midlands Incubation Network (EMIN) is managing the project and it is being funded by a partnership of the region’s seven Universities and the European Regional Development Fund.

Recent employment statistics suggest that 1 in 5 people under the age of 25 are now unemployed. Enterprise Inc will directly respond to this by offering an alternative option to the traditional graduate placement and employment routes whilst also encouraging graduates to remain within the region after they complete their studies to help boost the local economy.

Russell Copley, EMIN Chief Executive explained: “The scheme offers a structured programme of business and personal development for students who opt for self employment upon graduation.”

“It also provides them with a significant bursary of up to £2,500 and we have 445 places to offer over the next three years.

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