§ Mr. BercowTo ask the Secretary of State for Trade and Industry how many spin-outs in the university sector have been created(a)since 1997–98 and (b)in 2001–02 by the Science Enterprise Challenge Scheme. [47348]
§ Ms HewittThe Science Enterprise Challenge was set up to establish a network of centres in UK universities, specialising in the teaching and practice of commercialisation and entrepreneurialism in the field of science and technology. The creation of spin-outs is not an explicit objective. However, in their first two years of operation (period ending September 2001), the centres established under the scheme have provided help and support with the development of over 400 credible business ideas. Over 80 have led to early stage businesses, including both spin-outs and start ups from individuals receiving training or advice from the centres.