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Boris Johnson hails graduate start-up scheme’s “spirit of enterprise”

Mayor encourages students to enter Entrepreneur First

The mayor of London has encouraged Britain’s “ambitious young entrepreneurs” to enter a new start-up scheme, as the application process comes to a close.

There are just three weeks left to apply for Entrepreneur First – the scheme launched by the prime minister in March, to encourage graduates to start their own businesses.

The successful applicants will enter a two-year training programme, in which they will receive support and mentoring to launch their own high-growth start-up from Britain’s leading entrepreneurs and investors.

Large corporates including Microsoft, Cisco and Silicon Valley Bank are also supporting the scheme.

Application deadline

The deadline for applications is 31 December, with interest already received from nearly 50 different UK universities – including each of those in the country’s top 10. Around 10% of the applications currently received were submitted by students of Cambridge University.

Mayor of London, Boris Johnson, said: “Entrepreneur First typifies the spirit of enterprise and innovation that is building in and around the East London Tech City initiative.

“With so many promising start-ups and great ideas emerging from the Old Street area, it is the perfect focal point for ambitious young entrepreneurs from across the country.

“I look forward to hearing more about the businesses and ideas that will be coming out of the Entrepreneur First scheme in the months and years to come.”

How to apply

Matt Clifford, CEO of Entrepreneur First, added: “With three weeks still to go, we are delighted by the levels of interest we have seen…History shows us that the best ideas and businesses don’t just come from the traditional ‘red brick’ universities so it’s great to see that students from across the country believe that entrepreneurialism is the right career path for them.

“There is still time before the deadline, so anyone who wants to launch a high-growth start-up when they graduate should definitely apply. In particular, we would love to see some more applicants from students in Wales and Scotland.”

For more information about the scheme or to apply, visit the Entrepreneur First website

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