Exist Insight ISSUE 08

University Crowdfunder races past first milestone thanks to Eagle One

  • University Crowdfunder races past first milestone thanks to Eagle One image 1

Added: 06 July 2018

A University Crowdfunding Campaign to help student entrepreneurs stay in the city after graduation, has raced to its first milestone of £12,000 in less than a week.

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.

Eagle One has long standing links with the University of Exeter and the Exeter Science Park in which the University of Exeter is a key partner.

Paul explained: “What drew me to the campaign was the fact that Exeter was at the core of it. I was lucky enough to be born here and get a great job. 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.”

“The fund will enable entrepreneurs to have a go, make mistakes and learn along the way.”

Paul said: “The fund is absolutely pitched at the right level with contributions at every stage making a difference. Entrepreneurs don’t want to be worried about paying their rent or affording their next meal. The GEM fund allows them to concentrate on their business.” He continued: “I like the idea of Eagle One’s sponsorship being £5,000 now but this potentially creating a £500,000 business longer term. This is an investment poised at the root of challenges for entrepreneurs, rather than a one-off charitable donation. It really gets to the heart of the matter whilst the businesses are still growing.”

Paul concluded: “I look forward to watching the growth of these entrepreneurs and the development of their businesses. I would like to continue to support the campaign either financially or by providing insight and mentorship.”

Joe Pearce, Head of the University’s Student Business Support team said: “I am delighted that Paul has chosen to invest in our GEM fund. By keeping these talented individuals in Exeter, we are boosting the regional economy and enhancing the innovation ecosystem.”

More news

  1. SAVE THE DATE: ExIST Quarterly Event - 31st January 2019

    SAVE THE DATE: ExIST Quarterly Event - 31st January 2019

        The next ExIST event will take place on Thursday 31st January 2019 at Sandy Park from 8.

    Read article

  2. ExIST explores the impact of living with plastics

    ExIST explores the impact of living with plastics

    This month, Exeter Chamber subgroup, Exeter Initiative for Science and Technology (ExIST) held its latest event which focused on the extremely relevant topic of plastics and what impact plastic is having on the planet combined with the science, research and development of alternative materials and technology.

    Read article

  3. Multi-million-pound project will put Devon at the forefront of solving global environmental and big data challenges

    Multi-million-pound project will put Devon at the forefront of solving global environmental and big data challenges

    A £6.

    Read article

  4. Thompson Jenner LLP back Exeter Initiative for Science and Technology

    Thompson Jenner LLP back Exeter Initiative for Science and Technology

    Leading independent city Chartered Accountants and Business Advisers, Thompson Jenner LLP, has made a two-year deal to support the Exeter Initiative for Science and Technology (ExIST), joining a group of prestigious organisations that fund the group’s work to support the growth of Exeter’s science and technology sector.

    Read article

  5. Official Opening of state-of-the art Exeter College Advanced Engineering Centre

    Official Opening of state-of-the art Exeter College Advanced Engineering Centre

        The formal opening of a state-of-the art £3 million ‘Advanced Engineering Centre’ - at Exeter College - a UK leading centre of excellence for robotics and virtual welding – has taken place.

    Read article

  6. Scientists propose solution to ‘Gaia puzzle’

        Scientists may have solved a long-standing puzzle over why conditions on Earth have remained stable enough for life to evolve over billions of years.

    Read article

  7. Professor boosts dementia expertise at Exeter

    Professor boosts dementia expertise at Exeter

      A professor who is an expert in older people’s medicine has further bolstered Exeter’s research expertise in dementia.

    Read article

  8. Women in science award for university department

    Women in science award for university department

      The Department of Sport and Health Sciences (St Luke’s Campus) has been awarded an Athena SWAN Silver Award, recognising its commitment to advancing the careers of women in science through addressing gender inequality, tackling unequal gender representation across the student and staff population and improving career progression for female academics.

    Read article

  9. swcomms wins industry award for apprenticeship scheme

    swcomms wins industry award for apprenticeship scheme

        South West Communications Group has won a national industry award for its innovative apprenticeship scheme.

    Read article

For older news articles please click here to view our news archive.