The Scottish EDGE launches
by Startacus Admin
Good news 
this week if you’ve got an idea for a business or are an early stage startup based in Scotland. A new £1 million fund is about to be launched with the primary purpose of helping boost Scottish entrepreneurial activity. The Scottish EDGE fund which is being administered by both Scottish Enterprise and Highlands and Islands Enterprise, will see winning businesses being awarded with prizes up to £50,000 each as well as a package of support from RBS.
The fund itself is aimed at small startup businesses based anywhere in Scotland which have the potential to achieve or increase their sales by £400000 within a 3 year period as well as the potential to create new jobs. For businesses based in the Highlands and Islands region, that target is reduced to £200000 within the same period.
The fund opens for applications on November 1st and there are 2 main elements to the application process:
- the completion of an application form detailing why you want The Scottish Edge funding, what impact the money would have on your company, and also what your business growth plan is as well as
- the submission of a 60 second video where you have to pitch your business
Those applications which are deemed to have the ‘strongest’ growth plans will be invited to present and pitch their ideas to a selection of business and public sector representatives at 1 of 3 regional events. The pitches which demonstrate the greatest potential will then be invited to pitch their ideas to a select panel, who will in turn choose the winners who will receive between £20000 - £50000 funding to help them deliver their projected growth plans.
More details on the Scottish EDGE fund itself and how to apply can be found here.
As we all know, it’s not that easy getting started at the moment so any funding scheme or initiative of this sort, has to be welcomed. Finally, best of luck to any of you that apply!
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.
.png)
2021 may be a challenging time to start a business, but these tips should help you get it right...
Startacus and Hatch Enterprise celebrate International Women’s Day by partnering with NetMinds to bring together female founders for a virtual speed networking event
.jpeg)
Keeping customers engaged is vital for any small business - these basic tips will help you do just that
Alchemy Technology Services, the Derry-based centre of excellence for insurance software implementation receives recognition for its commitment to diversity
For the first time ever, the Postcode Lotteries Green Challenge has both a British winner and runner up in the form of innovative startups SoluBlue and Jiva Materials
The lowdown on Pentaform, the London-based startup that has created an easy-to-use and eco-friendly personal computer that is globally accessible
Need a temporary space or structure for your startup? Here are a few of the key factors that you should consider
Realife Tech and Southampton FC launch new partnership to help transform current engagement with fans and provide safety-minded experience when stadiums reopen
Rob Edmonds, Founder and Creative Director at NRG Digital, shares his advice and tips on how to adapt your internal comms to keep your team engaged
The lowdown on Timekettle - the LA-based startup that has created the world's first bi-directional translation earbuds
Published on: 27th October 2012
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Startacus and Hatch Enterprise offer speed networking IWD-inspired event 24th Feb 2021 Startacus and Hatch Enterprise celebrate International Women’s Day by partnering with NetMinds to bring together female founders for a virtual speed networking event
- Alchemy Technology Services receives Bronze Diversity Mark NI Award 23rd Feb 2021 Alchemy Technology Services, the Derry-based centre of excellence for insurance software implementation receives recognition for its commitment to diversity
- *embargo 24/2 Groundbreaking British inventions win global sustainability prize 23rd Feb 2021 For the first time ever, the Postcode Lotteries Green Challenge has both a British winner and runner up in the form of innovative startups SoluBlue and Jiva Materials
- Wombat lands £2m investment as appetite for thematic, fractional trading grows 9th Feb 2021 The innovative investment platform Wombat secures major funding to help with further development and to expand the shares and investments on offer
