Chris Evans

I stand corrected, Mr Betts—I was in meetings all morning, so I have not seen the sports news yet. For constituencies like mine, which were dependent on heavy industry, the development of high technology offers new growth opportunities that we can harness in our valley communities once again. I want to focus my comments on a company called Academii. Academii helps organisations improve their workplace training by replacing one-size-fits-all learning with streamlined content, smart delivery and measurable outcomes. It is used by major employers in the energy and utility sectors, as well as by the NHS, community health boards and international clients. Earlier this year, the business secured £700,000 of investment from the Welsh Labour Government to further develop its platform and expand its workforce. Academii is a powerful example of what a talented team of entrepreneurs and technicians can achieve when united behind a cutting-edge idea. I firmly believe that this spirit can be fostered in our universities, which can become the powerhouse of technological change across south Wales. Clusters in university campuses can form the basis of spin-out companies, which, under the umbrella of a higher educational institution, take groundbreaking research and transform it into a market-ready product or service. Spin-outs are widely recognised for their highly effective, lucrative and sustainable business models. Their success is driven by their dynamic and entrepreneurial culture, which involves faster decision making, greater flexibility and a higher appetite for risk taking.