With another £750k up for grabs, the third round of the Scottish Edge fund closes for applications on the 18th September so we thought best to highlight it for any young Scottish entrepreneur or early stage startups out there.
We featured the Scottish Edge fund last year when it was first opened for round one. Since then a colossal £1.2 million has been awarded to some 35 young Scottish businesses - not bad going for sure.
So what's it all about?
Well, firstly the fund aims to support and encourage entrepreneurial activity among young companies in Scotland. With potential cash awards of £50k available, it’s a pretty worthwhile comp to enter. Here’s a few of the main things you’ll need to know:
You must be an entrepreneur based in Scotland. Yep - kinda obvious this one!
You need to be able to demonstrate the potential for your business to achieve or increase sales by £400,000 within a period of three years, or £200,000 in the Highlands and Islands region, (we’re not aware of the reasons for lower funding in the Highlands and Islands region, but its’ still good nonetheless!)
You’ll have to submit your entry before the closing date of 3pm on 18th September.
As well as the cash award, winners will also receive a package of support from the Royal Bank of Scotland.
Full details of the small print and your potential eligibility to apply an be found via the Scottish Enterprise website itself
Delivered by Scottish Enterprise and Highlands & Islands Enterprise on behalf of Scottish Government, and in partnership with Entrepreneurial Spark, The Royal Bank of Scotland and Business Gateway, this certainly sounds like a good opportunity (we didn’t have to say that but we will!)
If you’re interested and you’re gonna give yourself and your business the best chance, we reckon you may want to start looking at the application...like...now.
Good luck to all who apply!
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