University of Edinburgh Graduates Form Record Number of Companies
24 August 2015
The University of Edinburgh had cause to celebrate this week as it was revealed graduates from the institution formed 44 new companies in the past year, taking the total created over the last five years to 184.
£237 million was invested in 2014/15 to help hit that record high, and 343 people are now employed by the new companies formed from Edinburgh graduates. Grant Wheeler, head of company formation at Edinburgh Research and Innovation, said: “Edinburgh is now emerging as the largest technology hub outside London, and at the heart of that phenomenon is the university and its enterprise scene.
“Whether it’s from the world-class research base or from the student entrepreneurs, we’re seeing new companies being formed here and in record numbers. And more and more have the potential to develop further.”