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£4m Scottish fund looks to support the entrepreneurs of the future

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by Startacus Admin

A new Scottish scheme to nurture and support up to 40 budding entrepreneurs each year, was yesterday set out by Scotland's First Minister Nicola Sturgeon, at the Start-Up Summit in Edinburgh.

Backed by £4 million, the Scottish CAN DO Unlocking Ambition Challengewill link established and successful entrepreneurs with high potential individuals who can demonstrate that their ideas can be a success, create jobs and benefit Scottish society.

Open for entry early in the New Year, the programme will recruit candidates from anywhere in the world – on the basis thatCAN DO Unlocking Ambition Challenge they relocate or establish their business in Scotland. The successful cohort will be mentored and funded as they develop their ideas, receiving bespoke support by partner organisations from the public and private sectors.

The Unlocking Ambition Challenge will be delivered as part of Scotland CAN DO, the programme to support Scotland becoming a world-leading entrepreneurial nation.

The cohort will receive 12 months of funding, mentoring, and incubation with one of the partner organisations. Those demonstrating the most progress will receive support for a further 12 months.

The entrepreneurial mentors, who will select the candidates, include:

The fund was launched at the WeAreTheFuture facilitated Startup Summit – a fab annual event to help new businesses in Scotland to grow and thrive. 

WeAreTheFuture is a global youth entrepreneurship organisation, which organise global summits across the world to inspire and connect entrepreneurs and is the brainchild of friend of Startacus Bruce Walker, a leading young Scottish entrepreneur.

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Published on: 1st November 2017

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