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Could Britain be spawning a new generation of entrepreneurs?

British educational institutions are increasingly encouraging students to launch their own businesses by providing bursary schemes and training courses in entrepreneurship.  For example the University College of London runs a technology entrepreneurship masters programme – and it offers a one-year scholarship, where students with existing business concepts can test their ideas to see whether they will work.

If British Universities are successful in their endeavours to produce a new generation of entrepreneurs, the UK economy will of course benefit.  One thing to bear in mind, however, is the fact not all University students in the UK are British.  Therefore the UK Border Agency has just launched a graduate entrepreneurs’ visa, in order to enable non-EU students to remain in the country for an additional 12 months after graduating, if they have an idea for a business venture.

There is a long-held belief that American culture fosters entrepreneurship more readily than European.  Due to the relatively weak welfare state and liberal free-market economy of the USA, Americans are perhaps more inclined than Europeans towards starting enterprises of their own, and taking risks.  The Fulbright Commission are promoting an educational exchange programme with the UCL, for American students interested in enrolling on the UCL’s technology entrepreneurship masters programme.  It may seem a little perverse that American students are being encouraged to come to the UK to learn about entrepreneurship.  However, by enticing foreign talent into the UK and facilitating their chances of staying, Britain may start to lead a new wave in entrepreneurship!  Only time will tell…

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