Students start a business in three days
Students are to take part in a scheme that helps them turn their business ideas into a reality in just three days.
The scheme, called 3 Day Startup (3DS), launches at Edinburgh on Friday, 8 November.
The entrepreneurship programme started at the University of Texas in Austin and has spread to other universities in North America, Europe, South America and Asia.
This is the first time the scheme has been brought to Scotland.
Great connections happen at 3DS: cofounders meet, complimentary skill sets collide, and friends are made.
3DS aims to provide students with the tools they need to start successful companies - teaching them entrepreneurial skills in a hands-on environment.
The programme brings together Undergraduate and PhD students from a variety of Schools, including Computer Science, Business, Engineering, Law and Graphic Design.
Participants gain experience in cross-disciplinary collaboration, brainstorming, and group productivity, including ad-hoc leadership and decision-making under tight time constraints.
How much can you really accomplish in three days? A whole lot. The finished product of the weekend isn’t a full-fledged revenue-generating company–it’s a team with an idea that has enough momentum to become a real company. From there we can nurture the team into a successful business.
Global Entrepreneurship Week
The weekend event is part of Global Entrepreneurship Week, which takes place from 18-24 November. It is the world’s largest campaign to promote student entrepreneurship.
During this week, next generation of entrepreneurs are encouraged to consider starting up their own business.
Over 3,500 3DS alumni from 70 programmes across four continents have started more than 41 companies that have collectively raised $14.5 million in investor capital.
The event has been organised by LAUNCH.ed - the University of Edinburgh’s service for student entrepreneurs.
It works with students to help them explore their ideas, find funding and business partners, and ultimately, start their own business.
Launch.ed has supported more than 150 students to form a business since its creation.
Last year 31 student-led companies were formed and many of these students have gone on to raise funding from several awards schemes, raising over £2million in startup capital.