Higher education SME interaction: working with SMEs: summary

Higher education SME interaction: working with SMEs: summary
Document type
Summary
Author(s)
Forbes, Peter; King, Madeleine; Ternouth, Philip
Publisher
National Centre for Universities & Business
Date of publication
1 February 2012
Subject(s)
Trends: economic, social and technology trends affecting business, Small business & enterprise: the practicalities of running a small business and the theory of entrepreneurship
Collection
Business and management
Material type
Reports

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A report summarises the results of an investigation into engagement between small businesses and universities in London and South-East England, with suggestions for interventions to promote it. Major obstacles include lack of a clear business case for SMEs, lack of trust and confidence, underestimation by SMEs of the investment and work required on their part, and disproportionate impacts from failed projects. Opportunities include use of internships and developing shared expectations between employers and universities. Potential interventions by London Higher include developing case studies, funding feasibility studies into potential projects, and developing collaborations through workshops.

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