Graduate entrepreneurship and business start ups/success

10 04 2008

Some 40 per cent of graduates from the top business schools are running successful entrepreneurial ventures 10 years after graduation, writes Arnoud De Meyer (director of the Judge Business School at the University of Cambridge) in a recent Financial Times article discussing one hundred years of MBA courses.  A follow-up interview with Marcos Galperín (who launched MercadoLibre – “Free Market” – the eBay of Latin America) demonstrates the impact that graduate entrepreneurs can have on a national and global basis.  Speaking about his successful venture, Galperín stated that “I could not have done this without the MBA”.

The National Council for Graduate Entrepreneurship (NCGE) was formed in 2004 with the aim of raising the profile of entrepreneurship and the option of starting a business as a career choice amongst students and graduates.  Four years on, and with an enhanced role arising from the 2008 Enterprise Strategy, the NCGE continues to monitor the evidence base supporting the importance of graduates setting up businesses.  For example, earlier this year the NCGE commissioned research into the graduate status of the founders of the UK’s fastest growing private companies, which showed that 70% of the UK’s fastest-growing companies were founded by graduates. 

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