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Initiative turned InsightOut . . .

Byline: David Williamson

INSIGHT Out Wales - an initiative designed to spur the development of 'next generation' interactive media businesses in Wales - has been unveiled.

Designed and run as a partnership between Nesta (the National Endowment for Science Technology and the Arts) and the Welsh Assembly Government's Creative Business Wales team, it aims to set up 15-20 businesses in the sector each year for the next three years.

The Insight Out programme, which is already running in other parts of the UK, was developed specifically for creative graduates who want to either start up a new business or develop one in its early stages.

A spokesman said, 'It is the first time it has been introduced to Wales and the first time in the UK that it focuses entirely on one specific sector. Insight Out Wales has been designed to take forward the Assembly Government's Creative Industries strategy, which focuses on the film, TV, music and new media sectors.'

Launching the initiative, Enterprise Minister Andrew Davies said the creative industries strategy recognised the importance of the sector to the economy.

'New media is growing at a rapid pace globally,' he said. 'It is a highly innovative sector that embraces the latest, most advanced technologies and has the potential to play an even greater role in the Welsh economy, providing high-quality employment and making an important contribution to the wider creative sector.

'Insight Out Wales provides the entrepreneurs of tomorrow with the business skills needed to run or develop their own businesses. Creativity is a core skill for the innovation economy and Insight Out Wales will help our most talented young people turn their creative ideas into creative businesses.'

Insight Out Wales will, over seven weeks, provide around 20 individuals with business training, ranging from advice and coaching to access to start-up funding.
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Title Annotation:Business
Publication:Western Mail (Cardiff, Wales)
Date:Apr 2, 2007
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