Exploring the impact of the venture studio model on entrepreneurship and collaboration across industry sectors

Glasgow City Innovation District’s (GCID) Venture Studio represents a pioneering model for fostering innovation and entrepreneurship within Glasgow’s thriving innovation ecosystem. Established in 2024 with funding from the UK Shared Prosperity Fund, the Venture Studio has been instrumental in driving inclusive economic growth by supporting enterprises and facilitating collaboration across industries.  

The Venture Studio has already demonstrated tangible success, engaging over 60 businesses, fostering industry-academia collaborations, and enhancing Glasgow’s position as a leader in the global innovation economy. The impact of GCID Venture Studio aligns with broader trends in venture studio models, which have been shown to deliver superior startup success rates and economic returns.  

As a replicable framework for other cities and Areas of Innovation, GCID’s Venture Studio underscores key principles for success, including multi-stakeholder collaboration, and a commitment to inclusivity. By integrating structured support with a community-driven approach, GCID is not only accelerating business growth but also reinforcing Glasgow’s reputation as a dynamic hub for innovation, enterprise, and societal impact.