Spark Impact
Report 2023
Making a world of difference
to student enterprise.
In a year of economic turmoil, with the cost of living crisis, war in Ukraine, and “climate boiling” dominating the headlines, it is easy to think that business is not as usual.Yet our student and graduate entrepreneurs continue to surprise and impress us.
We have seen an increase again this year in the number of start-ups, an increase in the revenue these businesses generate, and a growing confidence in their abilities demonstrated by the levels of investment from external sources. Jobs are being created and businesses remaining in the region has been strong.
Our innovative, creative and highly motivated students and graduates are forming unique ventures which capitalise on the current situations. We have seen more environmental companies, more competitive services and products being launched, and even more tech companies created, including those in the buzz sector of AI.
Enterprise at the University is strong and with senior management buy-in, Spark has adapted and developed our offering. Our “Discover, Learn. Launch” structure, in collaboration with the CEES, completes a circle, providing a wider range of enterprise activities available to our current students. Enterprise zones in Helix and the Edward Boyle Library means that enterprise is accessible to everyone. Student led activities such as the TedX and Student Enterprise Week events are on the increase. Our Spark Business Incubator in Nexus remains a powerful player in the ecosystem and our Enterprise Scholarships are a real jewel in the crown.
As ever, the donations from our alumni and local businesses are vital to what we do and our continued thanks goes to them. We know just how much these grants mean to our entrepreneurs and this is highlighted by the number of Spark alumni business owners who now donate back.
Our offering is sophisticated, sustainable, consistent and robust and long may this continue.
Kairen Skelley
Head of Business Start-Up
Spark
Economic Impact
The economic impact of Spark supported Businesses throughout 2022 and 2023.
External Leveraged Funding
Revenue Generated
Jobs Created
Spark Business Incubator Residents
Business Start-ups
Start-up Visa Recipients
Patents Pending
Ownership Breakdown
The ownership breakdown of Spark businesses throughout 2022 and 2023.
Click on a segment to discover more.
35%
Service
Faculty Breakdown
Breakdown by faculty of Spark businesses throughout 2022 and 2023.
Arts, Humanities & Cultures
Medicine & Health
Engineering and Physical Sciences
Education, Social Sciences & Law
Earth & Environment
Biological Sciences
Leeds University Business School
Spark Businesses
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Enterprise Scholarships
An Enterprise Scholarship is an alumni supported scholarship for current students that comes with a £3,000 grant and a programme of tailored business support.
The Scholarship is unlike most other scholarships in that this is an opportunity to develop a business idea through a programme which is entirely based around the practical elements of business start-up rather than the traditional academic and sporting scholarships.
Enterprise Scholars are awarded a place on an intensive business boot camp and are automatically eligible to take advantage of the on-campus Spark incubation space. Moreover, access to business advisers, accountants, lawyers and other business professionals is available to the Enterprise Scholars throughout the year.
Applications open for the 2023/24 Enterprise Scholarship Programme open on Monday 11th Sept and close at 10am on Friday 3rd November. For more details click here.
Current Enterprise Scholars include;
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Sir Peter Thompson Award
Supported by Michael Collins of Goldcrest Custom Homes Ltd.
Top enterprise award is music to students’ ears. A product addressing a gap in the home music production industry, spotted by two Music, Multimedia and Electronics students, has won the University of Leeds’ Sir Peter Thompson Enterprise Award.
The prestigious annual award, organised by the University’s business start-up service, Spark, comes with a huge cash prize of £5,000 generously gifted by Mr Michael Collins, Chairman at Goldcrest Custom Homes Ltd. This year’s winners are friends and business partners, Sol Harter and Matthew Twitchen (both 22), whose business venture, Ludwig Devices, will design and manufacture small affordable decibel meters for the burgeoning home music production community.
“The idea came about through a chance conversation,” explains Sol. “Matt and I are both music producers with home studios. We both independently tried to by a low-cost decibel meter designed for small production studios and neither of us could find one because such a product didn’t exist. We thought this was bizarre, considering how useful it would be to the huge numbers of ‘bedroom’ Producers, DJs’ and musicians. It set us thinking that we had the skills and knowledge to design a low-cost version ourselves that amateur musicians could afford.”
The aim of their product is to prevent long-term hearing damage that can be caused by prolonged exposure to loud and persistent noise. Matthew explains: “The threshold for hearing damage is 85 decibels, but the most popular and commonly used monitoring speakers for home studios have a maximum decibel rating of 100-110 decibels. There are decibel measuring tools available for building sites, factories and nightclubs but these products are not suitable – or affordable - for the home environment, so it’s an untapped market for us.”
The Sir Peter Thompson Award requires selected students and graduate entrepreneurs to present their business ventures to a judging panel. Mr Collins, who chaired the panel, said: “Matthew and Sol had an exceptionally well thought out product and business plan. They were the only candidates for Sir Peter’s prize to have already thought about and incorporated responses to challenges and suggestions made by myself and the panel or had a detailed plan to do so. It was very impressive.”
Says Sol: “The cash prize is an incredible boost and we’re very grateful to Mr Collins and Spark. It means we can now accelerate our plans and go straight from concept to an initial production run with minimal additional fundraising.”
Matt and Sol are already researching components for their first prototype and will be designing a custom Printed Circuit Board using the embedded systems development and design skills honed in their university degree. They hope to be able to launch their first product in around six months’ time, with a first small run of around 500 units.
Kairen Skelley, head of Student start-up at Spark, said: “The Spark team wholeheartedly encourages, supports and celebrates student enterprise across the board, whatever the inspiration or target market. But it is especially exciting to see Sol and Matt using knowledge and expertise gained from their degree studies here to develop a novel business venture with such great potential!”
Business Plan Competition 2023
Organised by Spark, the University’s business start-up team, the prestigious Business Plan Competition is open to both undergraduates and alumni who graduated up to 7 years ago.
This annual competition awards prizes in two main categories: Pre-trading and Trading up to 24 months, with the winners of each receive a prize of £2,000. Altogether, the total of prizes awarded this year approaches £10,000.
“We are always incredibly impressed by the high calibre of entries we receive from our enterprising students and graduates,” said Kairen Skelley, Spark’s Head of Business Start-Up. “The brilliant business plans we judged this year were from individuals across all faculties, leading to a diverse mix of applications, and this competition allows us to shine a spotlight on their talent, innovation and creativity”.
First place in the trading category
Team Rosie Fitness Training
Rosie Musk
Rosie, a current Spark Enterprise Scholar, primarily focuses on coaching females.
“In regard to women in particular, I’ve seen first-hand how important community is, with clients regularly expressing their preference for team discussions, meet-ups and personal motivation”.
First place in the pre-trading category
Make Maths Easier
Zachary Morgan
Make Maths Easier is a children’s educational platform for both mobile and web applications. Zachary has already created the mobile application and a website to display information about a child’s educational journey, creating unique worksheets and allowing teachers to track their pupils progress.
“The USP of Make Maths Easier is the fact that there are no educational platforms that have specifically tailored educational lessons for pupils and then convey the results to teachers and we have managed to plug that gap”.
Special recognition award
The Closet Concierge
Ritu Munshi
Undergraduate Ritu Munshi received a special recognition award from Spark for her business concept, The Closet Concierge, an innovative AI personal stylist providing customised fashion recommendations to users based on their personal style, body shape, skin tone, and occasion based on clothes they already own and clothes which they might want to buy.
List of Winners
Trading Category
First prize - £2000: Rosie Musk – Team Rosie Fitness Training
Second prize - £1250: Anatoly Safiulov – Studyply - an online educational platform
Third equal - £750: Sid Adams - My Adventure Project - a UK based Australian travel agency
Third equal - £750: Russell Ives – So Papo’s – agave based cocktails
Pre-trading Category
First prize - £2000:Zachary Morgan - Make Maths Easier – online maths educational platform
Second prize - £1250: Sol Harter & Matthew Twitchen - Ludwig Devices - decibel meters
Third prize - £750: Ziah Shamil Bicha - The Trailblazers of Yesterday – children’s books
Enterprise on Campus
It has long been an ambition of ours to have a place on campus where students can go to engage in enterprise activities and be enterprising.
The opening of Helix is central to that ambition being realised and along with the enterprise zone in the Edward Boyle Library, students and graduates can now come together with experienced mentors and teachers to develop a wide range of skills and commercial awareness.
The new makerspaces on campus provide a joined up approach to innovation; areas where prototyping, product development and design thinking will lead to greater experiences and opportunities for our students and graduate entrepreneurs.
And key to this is the collaborations that are emerging. Collaborations such as the link with the libraries, the Digital Education Services and the alumni businesses who will use the space and coach new students coming through.
These areas will provide the focal point for student enterprise across the whole campus and are open to any student or graduate who has an inkling for life as an entrepreneur or simply expanding their enterprise skillset.
The future of Enterprise at Leeds
With “Enterprise” being one of the University’s key strategic elements, our new strategy for student enterprise, uniquely developed alongside the Centre for Enterprise and Entrepreneurship Studies, sees the introduction of “Discover, Learn, Launch”. This allows students to try, fail, learn and try again in a safe secure environment before launching their business ventures or taking a mindset of intrapreneurship out into their working lives.
The three elements combined provides a clear roadmap for students from early stage ideas and enterprise education through to launching a business.
Launch
"Launch" continues to build upon the already established and proven offering which Spark provides.
Learn
"Learn" comprises the academic teaching elements of enterprise at the University.
Discover
"Discover" is the new development of the offering and provides the basis for a wide range of enterprise programmes across all faculties and open to all students. Ideation, mindset and opportunities are at the heart of Discover which aims to allow every student the chance to sample enterprise and learn new skills.
Progressing Businesses
As well as supporting emerging entrepreneurs, Spark also enjoys maintaining relationships with many of the start-ups that have previously been through the programme, watching them grow and continuing to support them if required.
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