Graduate Entrepreneurs Fund reaches £13,000

STEMM NEWS

A University of Exeter crowdfunding campaign to help student entrepreneurs stay in the city after graduation, has now reached more than £13,000 thanks to donations from a number of sponsors.

Exeter’s GEM (Graduate Entrepreneur Maintenance) Fund will cover student entrepreneurs’ living costs, idea development and marketing.  There will also be a new incubation space at the University’s Innovation Centre to offer graduate entrepreneurs work space, advice, support, skills training and technical facilities.

Thanks to a donation of £5,000 from Exeter based property company, Eagle One, the campaign has reached its minimum target.  This will be matched with a further £1,000 by Santander Universities.

Paul Goodes, group managing director at Eagle One explained: “What drew me to the campaign was the fact that Exeter was at the core of it.  Exeter has a vibrant heart and through business, innovation and collaboration it can continue to thrive.  We cannot allow great students to drift off, we need to keep them and their great ideas and enthusiasm.  Exeter will only excel if everything about it continues to develop.

“I like idea of Eagle One’s sponsorship being £5,000 now but this is potentially creating a £500,000 business longer term.”

The crowdfunding campaign will close in September 2018.

www.exeter.hubub.net/p/graduateentrepreneurfund

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