Business Irish

Friday 19 January 2018

Trinity College top in Europe for producing entrepreneurs

Trinity College Graduate memorial building
Trinity College Graduate memorial building
Michael Cogley

Michael Cogley

AS Ireland’s name for enterprise and tech start-ups continues to grow, it has been revealed that Trinity College Dublin (TCD) has produced more entrepreneurs than any other university in Europe since 2010.

A new report, titled The Universities Report, conducted by private equity and venture capital research company, Pitchbook, said that Trinity generated 106 companies, produced 114 entrepreneurs and raised $655m (€575.7m) over the last five years.

TCD was not the only Irish college in the top ten as University College Dublin (UCD) came in fourth after it produced 70 entrepreneurs, 62 companies and gathered $275m (€241m).

The Universities Report evaluates colleges based on the number of undergraduate alumni they have who went on to create companies who have gotten first-round venture capital funding.

Director of Trinity Research & Innovation, Diarmuid O’Brien, said: “This is a fantastic achievement and underlines the impact our graduates are making as innovators and entrepreneurs whose companies are changing Ireland – and the world – for the better. Trinity is committed to supporting out students develop into entrepreneurs who can create real social and economic impact.”

Among Trinity’s many high-profile success stories are the companies Artomatix and Foodcloud, both of which were nurtured through the College’s Launchbox programme. Launchbox is a three-month student start-up accelerator, which runs through the summer months and provides young entrepreneurs with funding and mentorship to help them develop their business ideas.

The College this year secured ties with the Blackstone Charitable Foundation, to establish the Blackstone Launchpad programme to provide thousands of students with a major network of venture coaches and an entrepreneurial support system.

The top ten European universities for producing entreprenuers:

1. Trinity College Dublin

2. Oxford University

3. University of Manchester

4. University College Dublin

5. Cambridge University

6. London School of Economics

7. University of Copenhagen

8. Imperial College, London

9. University of Nottingham.

10. University of Warwick

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