Part of 1. Questions to the Minister for Economy and Transport – in the Senedd at 1:57 pm on 8 May 2019.
I thank the Minister for that. Some critics point out the fact that as much as 44 per cent of these start-ups end in failure and that would-be entrepreneurs attempt this route because they are unable to find suitable employment. But is it true to say that many businesses fail, which are not started by students, and we should also acknowledge that many things can be learned from failure? There are many reasons for the failure of a business, but probably the most frequent is poor market research and lack of capital. Whilst I acknowledge the Government has set up sources of advice and capital, especially through the Development Bank of Wales and Business Wales, are we doing enough to bring universities and these two institutions together, so that there is a greater knowledge of the help available to these budding entrepreneurs?