The IP Pipeline project is developing a sustainable Intellectual Property Pipeline process, which will increase early stage interaction between potential business investors and universities and academics in Wales, in order to provide a more market and business orientated approach to research.
Disability Wales, Welsh Women’s Aid and University of Glamorgan have come together to investigate the experiences of disabled women living with domestic abuse. The research aims to fill an almost total knowledge gap relating to a cohort of Welsh society who experience multiple discrimination and social exclusion.
The knowledge and expertise held within Universities and Further Education colleges in Wales has been identified as a vastly under-used economic resource, thus the Welsh Assembly Government set up the Knowledge Exploitation Fund (KEF), which is managed by the Department of Enterprise Innovation and Networks and in the past was supported by European Union structural funds.
Initiated in 1997 as a joint initiative between Babson College and London Business School, the Global Entrepreneurship Monitor (GEM) describes and analyses entrepreneurial activity across a large and growing range of nations.
Through producing internationally comparable data on the “elusive concept of entrepreneurship”, the GEM study is unique as the only longitudinal study of entrepreneurship undertaken throughout the major nations of the World.
The Wallich Clifford Community based in Cardiff has been very successful in utilising statutory grants to deliver services to homeless people and they now intend to introduce innovative enterprise driven initiatives to develop a broader funding base.
The University of Glamorgan’s Business School is working with the charity on a two year programme to identify and implement the new initiatives which will help the charity continue to grow and broaden its provision of services for the community.
The Wales Hot 100 celebrates the best of Welsh entrepreneurship through identifying the fastest growing start-ups in Wales.
The encouragement of more new businesses within Wales is a key part of the Welsh Assembly’s strategy to develop a more creative, entrepreneurial and innovative economy for the 21st Century.
The Wales Fast Growth Fifty aims to raise the profile of the best in Welsh enterprise and demonstrate that there are ‘local heroes’ in business throughout Wales who can act as positive role models both for other owner managers and, more importantly, to potential entrepreneurs considering the first crucial step in starting their own business.
This £60,000 project undertaken by the Welsh Enterprise Institute for the WDA considered spinout activity in Wales as part of a larger project to support existing spinouts. The study area was Industrial South Wales (ISW).
Twenty spinouts were recruited to a cluster involving older, newer, low and high technology businesses in section two. Building on the experience of the Centre for Entrepreneurship at Linköping University in developing a network of new technology-based firms, four network meetings were held with the twenty spinout companies (between September 2000 and September 2001). These initial twenty firms formed the basis of a network of academic spinouts in ISW. The work included a review of the innovations being undertaken in these firms.
Developing World Class Small Firms – enhancing the strategy for developing world class small firms in South East Ireland and West Wales
This project undertook a detailed examination of the development of small firms in two predominantly rural areas (South East Ireland and West Wales) and the problems specific to such firms. Its aim was to make firms more innovative, and develop an enterprise strategy for their continuing management development.
The WEI, in partnership with Middlesex University, developed a ‘regional development strategy’ for the local economy and labour market. The report assessed the key factors influencing the development of the region’s economy, the institutional framework within which the region’s economy operated and, most crucially, likely future developments and the key factors that would influence them.
This unique initiative made an impact on the stimulation of business start-ups and the growth of SMEs by fostering an enterprise culture across all discipline areas and at all levels of our educational and SME sector through creating a collaborative and practical learning environment.
The development and implementation of an Enterprise Strategy, through the piloting of a number of projects, facilitated examples of best practice, which provided a model for Enterprise Education across Wales.
In partnership with Strategic Marketing, a market research company based in Cardiff, the WEI wrote the Entrepreneurship Action Plan for Wales (EAP). The EAP is the main Welsh Assembly Government supported policy vehicle for delivering a change in the culture of Wales towards becoming a more entrepreneurial economy.
A PDF version of the EAP document is available below
The aim of the project was to put into place a consortium of partners who will identify business community specific needs and to deliver courses to meet those needs. The consortium consisted of training providers (Cardiff ITEC and MultiTRAIN), employer representative (The Federation of Small Businesses) and the trainees – (micro business owners and employees within micro businesses). This included a review of innovation and technology within the local business community. A ‘package’ approach of training proposals was prepared which addressed the identified skills shortages and enables beneficiaries to select the preferred combination of skill development to suit their business or personal preferences. The role of the WEI was to assess the outcomes of the training provided to the participants on the courses offered.
The aim of this £229,000 programme was to foster and sustain a culture of innovation and deliver business benefits in 10 medium sized firms. The programme was funded by the European Regional Development Fund, South East Wales TEC, the University of Glamorgan and private firms. The programme ended in December 2001.
The WEI was chosen as one of three centres in the UK supervising the Golden Jubilee Queen’s Award Research Fellowships in enterprise and entrepreneurship. Director of the institute Professor David Brooksbank, attended the official reception held to honour the 2001 Queen’s Award winners at Buckingham Palace.
The Welsh Enterprise Institute was commissioned to investigate the feasibility of establishing a Regional Skills Centre within Llandarcy Travel to Work Area. It examined in detail the skill requirements of local industrial firms, and how local providers meet them. This work also included a review of innovation and technological change within these companies.
The WEI was commissioned by the SEWEF to develop a regional strategy for indigenous business development. This consisted of undertaking a detailed economic analysis of South East Wales, a review of information regarding the needs of indigenous business and an examination of the provision of business support in the region. From this, and in close consultation with the private and public sector members of the indigenous business working group, a specific short-term and medium term strategy was drawn up for the region.
This project undertook an overall ‘learning’ strategy for indigenous Welsh firms that were members of Cardiff Chamber of Commerce (the majority of which are SMEs). It enabled the Chamber to develop an appropriate strategy for their training, education and learning needs. As such, it directly addressed the main aims of priority one, strand two. The initial project was undertaken in five stages;
The initial work resulted in the publication of the Learning Chamber Report “Towards a Learning Strategy” which included specific recommendations for sectoral and size groups within the Chamber. The results of the Learning Chamber Report have been presented at an international conference and have been published in an international journal. Following the successful completion of the initial work a second stage project will be undertaken to develop a “Learning Chamber Network”.
Universities, Technology Transfer and Spin Off Activities – academic entrepreneurship on the periphery of Europe – funded by the European Commission
This £500,000 project – one of the largest of its kind in Europe – has examined the role of universities as important engines of economic growth and development within seven different regions – Finland, Sweden, Spain, Portugal, Ireland, Wales and Northern Ireland. It has established a new and detailed picture of the state of academic entrepreneurship within the different regions of Europe. It has shown that academic entrepreneurship is a phenomenon that exists in a range of different institutional and regional settings, often having to overcome the same barriers for success in all countries.
This unique and challenging £110,000 project by the Welsh Enterprise Institute, formed the basis of an enterprise development strategy for women entrepreneurs in Wales. It comprised of a series of linked activities, which would: