Undergraduate startups at Liverpool John Moores University (LJMU) Centre for Entrepreneurship have been given a boost of £500,000 from the Bathgate Start-up Fund.
The Bathgate Start-up Fund is named after the Bathgate Group of companies, which has a vast business portfolio including silica sand, access flooring and transport.
According to the Liverpool Echo, the funding will be available over five years to students on regular courses, those on degree sandwich years, and those who wish to access 'try it out' schemes, where they can use the funds to test and explore their ideas.
The fund will be available to entrepreneurs and those looking for self-employment opportunities of many different varieties, including freelance opportunities, contracts, partnerships, social enterprises and community interest companies.
Commenting on the fund, Emma Robinson, LJMU head of student entrepreneurship, stated that it would offer a significant number of opportunities to those involved with the Centre for Entrepreneurship, and possibly increase the number of startups emerging from the university.
She continued: "With mentoring to support business and social enterprise start-up where appropriate, the number of student start-ups and students developing careers as freelancers will increase, with additional opportunities for all students to develop an 'entrepreneurial mindset' no matter what their discipline."