Launch of the University Enterprise Networks

The Networks aim to nurture enterprise skills and entrepreneurial spirit.

The Networks are the first of their kind and will focus on the areas of science, technology, engineering, maths (STEM), innovation and the nuclear sector. The networks will be managed by the National Council for Graduate Entrepreneurship (NCGE).

The UENs will aim to establish a culture of enterprise in universities by providing training, advice and encouragement to students and graduates who want to develop their business ideas or wish to become innovative employees. Each network will be further supported by sponsorship from privately owned companies and Regional Development Agencies (RDAs). This will give students first hand experience of enterprising workplaces.

Shriti Vadera, Minister for Economic Competitiveness and Small Business launched the Networks at a reception in London on Social Enterprise Day - part of the Global Entrepreneurship week.

David Lammy, Minister of State for Higher Education said: "We need stronger links between business and higher education so that we can make full use of the expertise and talents within our universities and colleges. "University Enterprise Networks are a new kind of partnership that will nurture the enterprise skills and entrepreneurial spirit of tomorrow's business leaders, while also helping universities engage more closely with the needs of employers today."

Ian Robertson, Chief Executive of the National Council for Graduate Entrepreneurship, said: "The NCGE welcomes the commitment from companies, RDAs and universities in working with us to build the first University Enterprise Networks announced yesterday. "These networks will act as a catalyst for closer engagement between business, universities and the public sector, to respond to industry needs and contribute to UK competitiveness."