The entrepreneurs have all participated in one of the school’s flagship programmes and will now be offering their expertise to other developing businesses, mentoring undergraduate and postgraduate students, assisting with research and acting as ambassadors for the Institute of Enterprise and Entrepreneurship, the hub of entrepreneurial activity at LUMS.
The 20 new Ambassadors will join Ian Gordon, the school’s founding Ambassador in Residence whose business career includes successfully launching a number of companies in the training, retail and construction sectors.
Ian, who was appointed in 2009, says: “As Entrepreneur in Residence, I have been able to bring a business perspective to the way that Lancaster engages with the SME community and help the University so that the entrepreneurial mindset can be better understood and allowed for in designing programmes.”
All of the new Entrepreneurs in Residence have participated in the Lancaster LEAD® (Leading Enterprise and Development) programme, the institute’s flagship programme where 90% of participants have reported an increase in sales turnover, employment, productivity and profits. On average Lancaster LEAD® participants increase their turnover by £200,000. The programme is franchised by Lancaster to be delivered in Wales and the South West and will be delivered in London for the first time this Autumn.