1. SEET Study Visit Cymru 2009

2. Elin McCallum Enterprise Education Manager Welsh Assembly Government

3. 3 Priorities To start, sustain and grow businesses in Wales by providing an inclusive, focussed and tailored support for businesses First class customer service for all business support provided by the Welsh Assembly Government Enterprise education to develop and nurture self- sufficient, entrepreneurial young people in all communities across Wales, who will contribute positively to economic and social Enterprise education to develop and nurture self- sufficient, entrepreneurial young people in all communities across Wales, who will contribute positively to economic and social success

4. Making the links ACRO skills and attitudes Business creation Enterprise experience Career aspirations

5. One Wales Commitment Create links between entrepreneurship and education

6. YES Action Plan Strategic objective Impac t Desired outcomes for young people AWARENESSAWARENESS To inspire and develop an entrepreneuria l culture Social Motivated to consider business creation as a career option Recognition of the value of business as wealth-creating, exciting and rewarding Reduced barriers to enterprise The relevance of being entrepreneurial understood and valued LEARNINGLEARNING To increase entrepreneuri al experience, capability & ambition Learnin g Entrepreneurial competencies and knowledge of business creation Opportunities to apply entrepreneurial skills Act on ideas and demonstrate entrepreneurial behaviour Greater participation and take-up of enterprise activities SUPPORTSUPPORT To stimulate the creation & growth of business Econom ic Clear access to appropriate business support Individuals setting up and creating businesses and social enterprises Entrepreneurs with growth aspirations

7. Entrepreneurship Champions (EC’s) EC’s at every college and university in Wales

8. Dynamo FE/HE Funding 2008 -2011 Three levels of funding Level 1 funding of £10,000 per annum to each institution Level 2 funding of £45,000 per annum to consortia Level 3 discretionary funding available to support the embedding of entrepreneurship across Wales

9. Dynamo Level 1 Funding Level 1 funding of £10,000 per annum is available to all institutions. It is intended to enable institutions to: maintain a single point of contact attend national and regional networks co-ordinate discretionary funding applications maintain a channel for entrepreneurship communication provide data on entrepreneurship signpost graduates to the Flexible Support for Business promote and co-ordinate Dynamo Role Model presentations in their institution manage legacy scholarship commitments In addition institutions may seek discretionary funding for specific activities e.g. GEC, Enterprise Week Events, Student Interns or conferences

10. Dynamo Level 2 Funding Level 2 funding of £45,000 per annum provided to consortia. It is intended to: support lead institutions to manage their contractual commitments deliver against a three year vision for their consortium act as regional hubs of entrepreneurship encourage collaboration promote a consistency of approach provide institutions with the opportunity to consider bespoke solutions encourage innovative ways of working and provide tailored flexibility This list is not exhaustive, any reasonable request that supports the embedding of entrepreneurship can be considered.

11. Dynamo Level 3 Discretionary Fund Intended to: Support the embedding of entrepreneurship within Further and Higher Education Institutions across Wales Facilitate the delivery and sharing of best practice Support institutions to improve their capacity to promote entrepreneurship Test out new ways of promoting and delivering entrepreneurship education Support students and graduates from FE and HE Institutions to overcome barriers to starting up in business

12. Evaluation Criteria Clear vision with defined milestones Evidence of collaborative working Value for money OutputsRobust measurement & Impactevidence mechanisms Innovation Communication Evaluation and dissemination

13. Finally The road to success is always under construction’ - ANON

14. Impacts Consistent upward trend amongst young people under 30 who wish to be their own boss, from 41% in 2001 to 56% in 2008 GEM (2007) provides clear evidence that involvement in entrepreneurship education substantially increases the likelihood of involvement of individuals in entrepreneurship, particularly activity in HE HEBCIS (2007) survey reports graduates in Wales establishing 11% of all UK graduate start ups with only 5% of the student population 1200 graduates supported to start a business in the last 5 years and 600+ KEF financial Scholarships awarded. These companies contributed £22million to the Welsh economy in 2007

15. Early Stage Entrepreneurship in Wales

16. SEET Study Visit Cymru 2009