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.
Rent the Backyard will build a studio apartment in your backyard, splitting the rental profits with you 50/50. Intrigued?
Revive was created to bring new life to coffee waste, collecting and recycling used coffee grounds to create a palm oil alternative!
Chilled beers, wines and spirits delivered in one hour, thanks to Edinburgh-based startup Drinkly.
Bubblebum has had its flagship product named as one of the Most Innovative and Most Attractive at the Child Baby & Maternity Expo in China.
Influencer marketing remains largely unchartered territory for many businesses, so here are some tips for getting it right on the first go.
Step forward Raise Accelerator, Northern Ireland's first privately-run startup accelerator. We chatted to three founders from their first cohort.
Rich Maaghul, CEO of ODEM.io explores the future of education and how disruption will transform the way that we learn...
The app that helps you achieve your goal body with easy to follow workouts for the gym or home.
The London based startup that has safer home care provision as its mission
The ethical rewards app Koin Rewards, reimagining loyalty through responsible shopping and tokenisation.
Published on: 27th October 2012
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.
- IAG’s Hangar 51 takes flight with latest innovation programme 31st Jul 2019 The latest Hangar 51 innovation programme is on the hunt for tech startups with a broad range of aviation industry solutions.
- 10 FMCG startups selected for first Seedrs accelerator 24th Jul 2019 10 FMCG startups selected for the 1st Seedrs FMCG accelerator, which aims to help FMCG startups raise capital on the platform
- Startup Leadership Program invites applications for its 9th London cohort 12th Jul 2019 The Startup Leadership Program continues to grow, inviting applications for its 9th London cohort to join the six-month program.
- Latest Zinc Company Builder Programme to transform the quality of later life 9th Jul 2019 Do you want to build a new purpose-driven startup with support from a world-class network of experts?
