According to Alice Gast, the president of Imperial college of London, the world would see many start-ups reach the stars with success and also see a few fall to dust. Hence there was a need to come up with a sustainable infrastructure.
How to have a practical foundation for startups
Gast stated, the principle concern would be subsided with the question as how to have a practical foundation because new businesses require space, subsidizing (VC and seed financing), mentorship and a situation where one can gain from each other.
How will startup survive
Gast added that, “If the failure rate in high, then how can they survive”?
The university has confined towards province of proper guidance and provides mentorship along with tutorial on how to prepare a pitch for investors, designing of perfect business plans and strategy and creating the markets.
Imperial college is looking to invest $1 billion
She also said that,
“We are also focusing on sustainable social entrepreneurship for serving the societal problems. Imperial College, a leading UK university, had attracted more than $1 billion of investment by spinout companies which came out from its incubation facilities in less than a decade. So far we have not been collaborating with Indian peers in the start-up space. But Imperial College has a number of partnerships with Indian counterparts, especially the IITs, for research in science and technology”.
Future vision of Gast
She also talks about the future perspective that it would be possible that Partnerships with Indian Universities could be forged regarding controlling of oppressive diseases like TB.
Number of India students keep on increasing
She also talks about the fact that, almost 300 Indian students are currently studying in Imperial College and this count will keep increasing irrespective of getting lower down in comparison to other UK universities.
Pilot projects are of main concern
Additionally she stated that, “We are encouraging more Indian students to go to Imperial College for studies”.
Gast also told reporters during the sidelines of a CII meet that she strongly supports more pilot projects which would help more Indian students to get streamline visas which grants up to two years of stay in UK.