Newspaper article Evening Gazette (Middlesbrough, England)

Teesside Graduates' Firms among 'Most Viable'

Newspaper article Evening Gazette (Middlesbrough, England)

Teesside Graduates' Firms among 'Most Viable'

Article excerpt

BUSINESSES founded by Teesside University graduates are among some of the most viable in the country, a new survey says.

In 2016/17 there were 143 start-ups founded by Teesside University graduates which were still active after three years. The figure was the 12th highest of all the universities in the UK, and the best in the North-east.

The research released by the Higher Education Business and Community Interaction Survey (Hebcis) also found that the university's graduate start-ups had an estimated turnover of more than PS20.8m, placing them in the top 10 in the country.

Teesside University places a strong emphasis on entrepreneurship and is one of the few in the country to run the BA (Hons) Team Entrepreneurship degree.

The university is also home to the Launchpad business incubator. Based in Middlesbrough, the co-working space sees students, graduates, alumni-entrepreneurs, SMEs and corporate partners work together.

Laura Woods, director of The Forge, Teesside University's business hub, said: "These figures show that not only are our graduate start-ups making an important contribution to the region's economy, but they're also delivering sustained impact after three years.

"It's vital that young companies are given access to support and expertise as they set up and grow. It means we can help ensure that the region not only retains its fantastic talent, but creates new wealth and opportunities from a healthy, knowledge-based economy."

One such company that has found success is game developer SockMonkey Studios.

Founded in 2013 by Bob Makin and Darren Cuthbert, it now employs nine people. It is located in Boho 5 in the heart of Middlesbrough's tech quarter and its clients include Sega, Motorola, Lucasfilm, and Unilever.

The Teesside University graduates had both left their jobs with a large games studio, with the ambition of setting up their own business. …

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