£4m Scottish fund looks to support the entrepreneurs of the future
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 Challenge, will 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 that
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:
- James Watt, co-founder of BrewDog
- Leah Hutcheon, founder of online scheduling business Appointedd
- Cally Russell, founder of multi-retailer shopping app Mallzee
- Chris van der Kuyl, co-founder of videogame developer 4J Studios
- Amy Livingstone, co-founder of baby products company Cheeky Chompers
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.
Subscribe to our newsletter
If you would like to receive our startup themed newsletter, full of the latest startup opportunities, events, news, stories, tips and advice, then sign up here.
Want to gain an edge over your business competitors? Listening to your audience is an absolute must.
The Clothes Doctor mission to fight fast fashion continues as the innovative eco clothing care brand raises £1m to support further growth.
If you plan on using social media to promote your brand, these simple rules will help, increasing both brand awareness and the number of consumers.
High-potential social impact startups from the UK sought for the 9th annual Les Tremplins by Voyage Privé programme.
The lowdown on Danish startup EvodiaBio and its innovative tech that produces sustainable aromas for the food and beverage industry.
Small Business Britain’s ‘How to Grow’ report outlines how small businesses are responding to economic challenges and how they can grow during recession.
Odd Coffee Company - the startup that's tackling coffee wastage by offering sustainably-sourced surplus coffee, rescued from British roasters.
Tech Nation shares an overview of the impact they have had on the UK's tech economy and ecosystem.
The lowdown on London-based Tutti and its digital marketplace that connects event space owners with the creatives wishing to book them.
.jpg)
UK-based and got a business idea with a link to colour or colouration? A new investment fund from The Dyers' Company is well worth a look.
Published on: 1st November 2017
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Leading French Travel Co. Offers Mentoring to two UK startups on its prestigious two-month programme 23rd Jan 2023 High-potential social impact startups from the UK sought for the 9th annual Les Tremplins by Voyage Privé programme.
- Small businesses need new model for growth in recession 23rd Jan 2023 Small Business Britain’s ‘How to Grow’ report outlines how small businesses are responding to economic challenges and how they can grow during recession.
- Tech Nation responds to the DCMS Digital Growth Grant announcement 20th Jan 2023 Tech Nation shares an overview of the impact they have had on the UK's tech economy and ecosystem.
- Colour/dyeing industries- seed capital investment fund launches for UK entrepreneurs 19th Jan 2023 UK-based and got a business idea with a link to colour or colouration? A new investment fund from The Dyers' Company is well worth a look.
