An inspiring £1.25 million donation from distinguished entrepreneur Rob Wood will establish a new academy at Newcastle University. The initiative aims to cultivate entrepreneurial skills among youth.
Rob Wood, a Newcastle native, shifted from a thriving career in pharmaceuticals to entrepreneurship. After founding STEM Healthcare, he sold it for £84 million in 2016, further leveraging his success into a global investment portfolio focusing on innovative healthcare businesses.
The £1.25 million donation by Wood aims to inspire youth in Newcastle. The Rob Wood Enterprising Futures Academy is designed to enhance the entrepreneurial capabilities of young individuals, reaching thousands annually and nurturing their business aspirations through practical support and mentoring.
By providing practical examples and mentorship, the academy aims to empower young minds to embrace challenges and pursue their business ideas bravely.
University Vice Chancellor Prof Chris Day emphasizes the initiative’s potential, highlighting the region’s need for more opportunities. The collaboration seeks to retain talent within the region by encouraging students to start businesses locally.
With the academy’s support, young entrepreneurs are encouraged to imagine and realize their business dreams, potentially transforming the regional economic landscape.
He advises young entrepreneurs to take calculated risks and understand that while not every venture will succeed, each offers valuable lessons.
The Rob Wood Enterprising Futures Academy stands as a beacon of opportunity, urging young people to pursue their entrepreneurial dreams. This initiative not only supports potential entrepreneurs but also reinforces the values of resilience and innovation.
Rob Wood’s generous donation establishes a legacy that will foster entrepreneurship in Newcastle. This initiative promises to inspire and equip future generations with the skills needed to succeed.
