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More start-ups flourishing post COVID-19

More Scots are looking into starting businesses following the beginning of the COVID-19 pandemic, according to a leading innovation hub.

Edinburgh Napier University’s Bright Red Triangle has reported a 30 per cent in business sign-ups during lockdown.

The hub saw 71 new start-ups register with it during the 2019/20, meaning that a total of 554 students and graduates are part of the community.

Bright Red Triangle was able to continue providing its service despite lockdown restrictions coming into effect from March, carrying out a number of online initiatives virtually.

Nick Fannin, head of Bright Red Triangle, is delighted with the increase and believes that more and more people will be looking to start their own business as a result of an increasingly difficult economic climate.

He said: “With the economy contracting and competition for graduate jobs increasing, it is becoming more important to enable our graduates to make opportunities for themselves and to be prepared to build their own portfolio careers from a mix of employed, freelance and self-employed work.

“Employability skills, particularly enterprise skills, are going to be incredibly important as we look forward and Bright Red Triangle has a big role to play at Edinburgh Napier in helping our students and alumni to prepare for life living in the post Covid-19 economy.

“Starting a business or a side hustle can be a game changer for people struggling with employment in the current economic climate. Our students and graduates are already starting to recognise this and we are thrilled to have seen a spike in the numbers of new businesses registered with our incubators. We look forward to supporting these start-ups further in the months and years ahead.”

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