Bright Red Triangle (BRT), the enterprise hub at Edinburgh Napier University (ENU), said it has agreed a new partnership with Queen Margaret University (QMU) and Edinburgh College (EC) that will offer entrepreneurial support to their students, graduates and staff.
The formal agreement means more budding entrepreneurs will be able to use services such as advice, training, workshops, and opportunities to turn innovative ideas into business ventures.
The collaboration will also offer specialist support across each institution’s key areas of expertise – including wellbeing, health, food and drink, creative industries, tourism, design, engineering, construction, computing, and AI.
Since its formation in 2005, BRT has supported more than 1,000 start-ups and freelancers from the Napier community. They have access to the BRT Start Up Studio in Edinburgh, one-to-one support from business advisers, online and in-person training opportunities, and a wealth of contacts.
These services will now be extended to students, graduates and staff of QMU and Edinburgh College. In addition, the student and graduate communities will be able to use BRT services at their own institutions, providing those seeking support with more convenience and flexibility, as well as the opportunity to collaborate with entrepreneurs from the other institutions.
Over the last year BRT has appointed two Entrepreneurs-in-Residence – tech sector leader Nigel Chadwick and serial entrepreneur and chair of Women’s Enterprise Scotland (WES) Lynne Cadenhead. A new training collaboration with WES, which supports female-led businesses, has also been set up.
The agreement will aim to create a strong entrepreneurial network across the three institutions, in line with the Scottish Government’s National Innovation Strategy 2023-2033 and its Entrepreneurial Campus blueprint.
It is hoped the partnership will help support more people to follow in the footsteps of entrepreneurs like Lauren Leisk. The QMU graduate and founder for Fodilicious, a specialist food company producing the UK’s first low FODMAP certified products for Irritable Bowel Syndrome (IBS), has made the most of support services at QMU since graduating.
Leisk said: “I’m inspired by this latest move to partner with Bright Red Triangle, which has an international reputation for entrepreneurial support.
“Scotland needs better services which support women to develop as entrepreneurs – equipping them to navigate the business environment more quickly when they graduate.
“I think that this partnership will only improve support for talented people who harbour ambitions to run their own business. I’m certainly looking forward to accessing BRT services which will help me grow Fodilicious by identifying new routes to market.”
Professor Andrea Nolan, Principal and Vice Chancellor of Edinburgh Napier University, said: “We take great pride in the many examples of entrepreneurial spirit which have emerged from the Edinburgh Napier community in recent years.
“Bright Red Triangle has an impressive record of helping to transform innovative ideas into viable, difference-making businesses.
“We hope this agreement to extend BRT’s support to the QMU and Edinburgh College communities will offer a platform to more aspiring entrepreneurs, grow the networks of our enterprise hub and strengthen regional partnerships.”
Paul Grice, Principal of Queen Margaret University, said: “We recognise the collaborative power that universities have in creating the entrepreneurs of the future and the impact of this on the economy, and we are pleased that the BRT partnership presents a unique interdisciplinary offering that ensures more students, graduates and researchers in Scotland have the opportunity to access an entrepreneurial education.
“By capitalising on BRT expertise and working collaboratively, we can create a cultural shift which helps more graduates to view entrepreneurship as a viable career path.
“This exciting partnership allows QMU to build on its long-term collaboration with Business Gateway East Lothian by harnessing BRT’s extensive expertise in entrepreneurial support and improving graduate skills and employability by stimulating entrepreneurial mindsets.”
Michael Jeffrey, Vice Principal of Edinburgh College said: “Equipping people with entrepreneurial skills as well as technical and vocational training is essential for preparing them to thrive in today’s dynamic economy.
“At Edinburgh College, we work collaboratively with a range of partners to ensure we are empowering students to not only excel in their chosen careers but to become the entrepreneurs and innovators of the future.
“We’re excited to be joining up with our university partners, through Bright Red Triangle, to tap into the wealth of entrepreneurial support available to students, staff and our wider college community, and provide increased opportunities to access business support and advice across the city.”