New data shows student entrepreneurs are faster to commercialise their inventions

Business Leader quotes the Centre’s analysis of Companies House data.

The research suggests that there is often a trade-off that entrepreneurs have to consider in commercializing their inventions. The dilemma between a control or an execution-based strategy also impacts other entrepreneurial strategic choices such as targeting mass or niche markets.

UK business formation reached another record high in 2016, according to the latest Companies House data, as analysed by the Centre for Entrepreneurs (CFE)  – with a total of 657,790 new businesses started. This builds on previous records of 608,110 in 2015 and 581,173 in 2014.

The figures show the continued dominance of the UK’s major cities in generating the country’s entrepreneurial dynamism. The combined authorities of London lead with 205,325 businesses registered last year, followed by Birmingham (17,473), Manchester (9,416), Glasgow (7,845) and Leeds (7,645). Edinburgh, Bristol, Liverpool and Brighton also rank among the top 20.

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