On 9th October 2025, Bates Wells, in partnership with London Social Ventures (LSV), recently hosted an in-person panel event dedicated to exploring how universities can best support founders of social ventures.
Bringing together university representatives, experienced founders, and sector experts, the event provided a platform for sharing practical insights and real-world experiences. With a lively panel discussion and opportunities for networking, attendees gained valuable perspectives on the unique challenges and opportunities facing social ventures emerging from the university environment. Here are the top five tips that emerged:
1. Work with potential founders at an early stage
Universities should actively engage with potential founders from the earliest stages, helping them transform promising ideas into viable social ventures. This could include providing guidance on how to spark and refine ideas, offering feedback, and supporting founders as they explore different directions. As highlighted by Will Russell (Social Venture Development Manager at LSV) and founders like Julie Lanigan and Danielle Stephens, early collaboration and encouragement can give new ventures the edge they need to succeed.
2. Help staff and students understand what ventures the university can support
It’s vital for universities to clearly communicate the types of ventures they are equipped to support. This includes outlining relevant policies (such as intellectual property and funding), sharing examples of successful spin-outs, and making support pathways transparent. By demystifying the process, universities empower more staff and students to consider launching their own ventures.
Not all academics and students will be aware that starting a social venture is an option for them – or what “social venture” means – and sharing the support universities can offer more broadly can help individuals from under-represented groups become founders.
3. Guide founders in choosing the right legal entity
Selecting the right legal structure is crucial for social ventures, especially when it comes to attracting investment and funding. Universities should offer expert advice on the pros and cons of different legal forms, from charities to CICs and beyond. As Oliver Hunt discussed, the right structure can help ensure that the intellectual property created by the venture is protected and that the venture is investment-ready when the time comes.
4. Set up formal and informal support networks
Support doesn’t stop at funding. Universities should establish both formal schemes (like mentoring programs) and informal opportunities (such as networking sessions) to connect founders with experienced mentors, peers, and potential partners. The panel emphasised that non-financial support—patient guidance, peer learning, and access to networks—can be just as important as grants or investment.
5. Help founders find their role in the spin-out
Not every founder wants to be a CEO, and that’s okay. Universities should help founders identify the role that best suits their skills and ambitions—whether that’s leading the venture, serving as an advisor, or focusing on research and development. As Leela Fair and others noted, building the right team and governance structure is key to staying true to the mission and ensuring long-term impact.
Final Thoughts
Supporting social ventures is about more than just providing funding or office space. It’s about building trust, offering tailored advice, and creating a culture where social innovation can thrive. By following these five tips, universities can play a pivotal role in helping founders turn their ideas into impactful, sustainable ventures.