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Global Entrepreneurship Week


Students to pick up tips from billionaire on being an entrepreneur and test their skills with £50 challenge


Could you turn a profit on £50 in 8 weeks?  What if you had the advice of Wales’s most successful entrepreneur – and first billionaire – behind you?  Students from Swansea University are about to find out if they’re up to the task as they take part in an entrepreneurial challenge, with input from Sir Terry Matthews, as part of Global Entrepreneurship Week 2012 (12-18 November).


Global Entrepreneurship Week (GEW) is a worldwide movement aimed at developing entrepreneurial skills, with events taking place in over 100 countries. 


United States President Barack Obama has underlined its importance:


"With the help of experienced entrepreneurs and companies, and through events like Global Entrepreneurship Week…, we can ensure our startups have access to the resources, connections and partnerships that will promote their success.”


GEW has as its theme this year the need to "pass on” skills needed for success.  Swansea University is taking part through its Swansea Employability Academy, which aims to boost students’ skills and experience and thus their employment prospects.  


Events taking place in Swansea during GEW include – on Monday 12th November:


-       A session with Sir Terry Matthews where students get a chance to ask the entrepreneur questions and pick up tips

-       The £50 challenge, where student teams are each given £50 and set the task of making a profit on it within 8 weeks


The week will also include other practical workshops for students, including:


-       How to turn your research into a good business idea

-       Simon Gibson on how the Alacrity Foundation can support students who want to start a high-tech business

-       How Swansea students Ben and Jezz built an award-winning bike business "Mango Bikes”, which featured on the BBC series  "Be your Own Boss”, winning £50,000 of funding.


Professor Hilary Lappin-Scott, leader of the Swansea Employability Academy, said:


"The Swansea Employability Academy develops and supports employability, entrepreneurship and employee learning across the university.  We are confident that the Academy will make a positive impact on the regional economy.” 


"Developing entrepreneurial skills is important for every student, whether they become employees or start their own business, because employers tell us that they require creative and innovative employees. Swansea University students are taking advantage of these opportunities to develop these skills during their student career, which we are organizing with the full support of the students’ union.” 

Click here for more information about Global Entrepreneurship Week