Entrepreneurs are our wealth creators.British prosperity, in all its forms, is central to The Duke of York’s work. His Royal Highness recognises and rewards the people and organisations that work to ensure we have the workforce, intellectual property and entrepreneurial culture to succeed.The Duke of York considers it a priority to support young people in developing skills that make them more employable so that they can become economically active. There is no point having the right skills if there are no jobs. Generally, businesses are becoming more efficient and require fewer employees, so any growth in job opportunities will come from a more entrepreneurial economy.
His Royal Highness believes that the UK has the best scientists and engineers in the world – they create valuable intellectual property that can be exploited by entrepreneurial endeavour. There must be a common acknowledgement that entrepreneurs will drive growth and be the wealth creators of the future.
Numerous efforts are being made to “translate” this activity into a new business, product or service, but more often than not there is a plea that we need greater amplification and acceleration for these early-stage entrepreneurs.
Pitch @ Palace is in response to the message that The Duke of York has been receiving: more is needed to support entrepreneurs at the early stage. While His Royal Highness cannot fill that gap single- handed, he hopes that by drawing on his experiences and convening Pitch @ Palace he can raise the profile of new businesses, amplify the excellent work being done to support early-stage entrepreneurship, and, most importantly, act as an accelerant for entrepreneurs.