Young entrepreneurs to set up in UK

Young entrepreneurs from 13 countries are to set up their businesses in the UK under a Government scheme to attract graduates from across the world.

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Seven companies will be set up by entrepreneurs from countries including India, China, Italy and Germany under the so-called Sirius Programme

Young entrepreneurs from 13 countries are to set up their businesses in the UK under a Government scheme to attract graduates from across the world.

Among those receiving a 12-month support package, which includes financial aid of up to £48,000, are former New Zealand footballer Tim Brown, who has founded a company making running shoes which do not need socks.

Seven companies will be set up by entrepreneurs from countries including India, China, Italy and Germany under the so-called Sirius Programme.

Minister of State for Trade and Investment Lord Livingston said: "The UK is one of the best places in the world to become a successful entrepreneur and we are committed to helping talented entrepreneurs from around the globe to build their businesses here.

"The Sirius Programme will back the most talented teams and ensure the UK continues to lead in inspirational start-ups and being the first to market with innovations. Looking at the high calibre of entries we have received for this programme, it is clear that Britain is fast becoming the country of choice for talented graduates to start and grow their businesses, which will ultimately help our economy to grow, boost productivity and create jobs, and succeed in the global race."

Other business ideas set to be launched in this country include creating green energy from waste coffee grounds, a portable battery charger and a device to help consumers check whether a product is a counterfeit.