Students give Scottish companies the EDGE
The EDGE programme matches teams of students with companies from the west of Scotland in real life business environments.
Now in its fourth year EDGE, delivered by Scottish Enterprise, stands for ‘encouraging dynamic global entrepreneurs’. The programme brings together students from leading Scottish universities, fifth year school pupils from across the west of Scotland and international students from universities in the United States, Poland, Canada and China.
Jack Perry, chief executive of Scottish Enterprise, joined a number of the project’s partners to welcome the participants at this afternoon’s ceremony.
Over the next eight weeks, 144 students from 11 different countries and 96 Scottish students together with 48 local companies will participate in the EDGE programme, with the common goal of helping the Scottish economy to grow.
The students will work in project teams with the businesses to develop their entrepreneurial skills and support the business growth of the participating companies.
The businesses represent a number of key sectors from traditional engineering companies through to cutting edge technology businesses including life sciences software development and telecommunications.
Each company has submitted business growth projects from a diverse range of ideas including market research, new product or market development and process redesign. The students will work in self-styled consultancy teams to deliver the projects with the help of a number of business support experts.
Jack Perry said: “All the companies signed up for this programme have growth potential but felt they could benefit from the insight and fresh talents to explore new ways of innovating or developing new working practices that would improve their business performance.
“The mix of talents, perspectives and experience being brought together over the next eight weeks is a crucial factor in ensuring EDGE delivers the greatest possible benefit in terms of learning and development for the individual students as well as economic returns for the companies and for Scotland.”
EDGE 2008 aims to build on the successful 2007 programme when participating companies reported increased turnover of more than £3 million as a result of their projects.
Liz Connolly, regional operations director at Scottish Enterprise added: “EDGE isn’t just about work, it exposes international and Scottish students to different cultures and it is this cultural element of the programme that helps to broaden their exposure to different attitudes and approaches to business, while at the same time showcasing Scotland as a great place to live, work and do business.”
Background information on EDGE
Encouraging Dynamic Global Entrepreneurs Programme (EDGE) is an eight week entrepreneurship programme running from 16 June until 8 August 2008. The programme has a number of objectives:
- Promote entrepreneurial culture and attitudes among young people
- Influence the career paths of young people, encouraging them to start new businesses in the future
- Assist local companies to grow
- Create linkages between schools/universities and local SMEs
- Measure return on investment
- Promote Scotland to overseas students.
Partners include
- Six Councils (West & East Dunbartonshire, Argyll & Bute, Glasgow City and North & South Lanarkshire)
- Scottish Government
- Scottish Enterprise
Participating Universities:
- University of Glasgow
- Glasgow Caledonian University
- Strathclyde University
- Columbia University (USA)
- Simon Fraser University (Canada)
- Waterloo University (Canada)
- Warsaw University (Poland)
- Hong Kong University (China)
The EDGE 2008 programme will include 48 students from 11 different countries and 96 Scottish students together with 48 local companies.
Anticipated outputs of this year’s programme will include:
- 48 business growth projects completed
- 144 participants taking part in Scottish Enterprise funded programmes
- 24 new business ideas
- Increased confidence and self-efficiency in participants
- Promotion of Scotland to overseas students as a place to live, work and do business
- Engage Globalscots with local projects and local businesses.
Find out more about EDGE 2008