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.
SaaS platform Mambu’s global network of partners share their insights and predictions on the forces likely to shape the industry next year.
Employee wellbeing experts Loopin share some insights on the truth behind your employee's notice of resignation.
Proptech startup Speiz secures seed investment to support its mission of digitally transforming the broken brokerage market.
The lowdown on Manchester based startup Chatloop and its mission to transform social media, giving you the power to start conversations on any website.
BT reveals new cohort of innovative startups aiming to help solve sustainability challenges in the manufacturing sector.
London-based startup Ribbon is on a mission to help other businesses better understand their users and build better product experiences.
London-based SaaS startup OutThink has developed an innovative approach to help companies to visualise risk, target interventions and prevent data breaches.
Participants in Catalyst’s Co-Founders programme offered opportunity to avail of a £10,000 proof of concept grant from Techstart to help validate their business idea.
Atoa announces pre-seed funding for its solution to empower and improve cash flow for independent, small and mid-sized UK retail merchants.
 Tong Gu, Reem Mobassaleh Wyndham and Monik Pham.jpg)
Pact launches its first £30M fund to back early-stage European tech startups using technology for economic inclusion, well-being and climate solutions.
Published on: 27th October 2012
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- Norwegian proptech Speiz raises €1.3M to launch new European platform for warehouse leasing 5th Dec 2022 Proptech startup Speiz secures seed investment to support its mission of digitally transforming the broken brokerage market.
- BT pushes ahead with new sustainable digital solutions through its Green Tech Innovation Platform 1st Dec 2022 BT reveals new cohort of innovative startups aiming to help solve sustainability challenges in the manufacturing sector.
- Catalyst and Techstart offering startup co-founders the chance to win £10k proof of concept grants 30th Nov 2022 Participants in Catalyst’s Co-Founders programme offered opportunity to avail of a £10,000 proof of concept grant from Techstart to help validate their business idea.
- UK fintech Atoa secures $2.2M pre-seed round as it kills Visa and Mastercard fees for businesses 24th Nov 2022 Atoa announces pre-seed funding for its solution to empower and improve cash flow for independent, small and mid-sized UK retail merchants.
