Young entrepreneurs can drive economic recovery

Young entrepreneurs graduating from university can play an important role in the UK's economic recovery, it has been claimed.

John King, entrepreneurship careers advisor at the University of London's Careers Group, said students are responding "resiliently" to challenging economic circumstances.

"Widespread publicity about the increased competition for places in graduate schemes appears to be causing students to spend more time considering alternative careers," he remarked.

"If we are to succeed as a nation, we will need more successful businesses - such as Facebook and Google - which originate from students."

Mr King's comments come after research by small business insurer Hiscox revealed that 40 per cent of students are thinking about starting up their own company when they leave university.

The IT and computing sectors were named as the most common ones for young entrepreneurs to enter.

Those questioned said creativity and risk-taking were more important attributes to have than academic qualifications in order to succeed as an entrepreneur.

Posted by Christopher Evans

Published on: October 1, 2010

Did you like this article? Share it!