Student and graduate-led startups from Loughborough University have raised more than a million pounds in funding during the 2022/23 academic year.

The businesses supported by Loughborough Enterprise Network (LEN) have secured £1.6m through private equity, crowdfunding and grants, according to an impact report.

The report also highlights how 184 students applied for finance to launch a startup, whilst the university’s business incubator LUinc helped create 36 new businesses.

Professor Nick Jennings, Vice-Chancellor of Loughborough University, said:

“Loughborough’s commitment to entrepreneurship and innovation is at the very heart of our mission to drive positive change and create better futures.

“Through LEN, we’re helping to develop a new generation of businesses that are improving lives, enhancing sustainability and creating jobs. To have reached £1.6million worth of funding and investment is testament to the hard work of our incredibly talented students and graduates, as well as the wider innovation community, including our alumni supporters and other business champions, who all play a key role in helping these businesses to flourish.”

The full impact report can be viewed here.