Applying a successful university venturing programme offers money to support budgets under pressure, better links to business with the insights from technology back to research and jobs and work experience for graduates that helps attract the brightest minds.

George Bernard Shaw’s comment about teachers was: "Those who can, do; those who can’t, teach."

And it certainly seems most universities are better at teaching people how to be entrepreneurs than in supporting and funding them once they leave the faculty or student ranks.

Universities provide "negligible" impact when it comes to trying to help turn these ideas into entrepreneurial businesses through providing venture capital, according to an extensive survey for the European Commission.

The European Union-funded Vico Project found…

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