Enterprise

University marks new milestone in startups

Perfect match: (from left): Peter Mathieson, Dr George Baxter, CEO of Edinburgh Innovations; Collin Powers; and Lorna Baird

Edinburgh University students and recent graduates have launched 100 startup companies in a single year for the first time.

The total is higher than any institution in the Russell Group of 24 leading UK universities has previously recorded.

The milestone was also reached despite many students having been absent from campus in the last academic year because of the Covid-19 pandemic.

Of the 100 start-ups, 43 were founded by women, and 21 of the businesses define themselves as social enterprises.

Forty-five of the companies were launched by current or recent undergraduate students, while 55 were set up by postgraduates.

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Since the University of Edinburgh launched its first spinout company, Reynolds Medical, in 1967, staff and students at the University have established more than 800 companies.

The number of student start-ups launched has been growing consistently in recent years, more than doubling over the past three years from 50 in 2017-18.

Students and staff at the university receive free support from Edinburgh Innovations, the university’s commercialisation service.

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