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.
New research from Corporate Coach Group reveals the UK's most ambitious cities and includes top tips on how to make 2021 your best year ever when it comes to achieving your goals

The accolade this week goes to MyPlasticDiary, an innovative app which will enable you to track, understand and reduce your plastic footprint

The innovative Spanish startup raises major funding to scale its team and help more businesses design smarter automated conversations with customers

The lowdown on the Japanese robotics startup that has created Qoboo, a therapeutic robot in the form of a cushion with a tail

The EverLearner launches a GoFundMe campaign to help disadvantaged children in the UK who are struggling to complete their online learning

10 startups solving challenges the aerospace sector faces are selected for the latest ATI Boeing Accelerator. We took a look at the cohort

Whether you're recruiting for a small tech startup or a large well-established organisation, these tips will help you stay on top of your game

The lowdown on the innovative EdTech app Tappity that's on a mission to help kids learn about science in a way they'll actually enjoy...

AlphaBeats is a startup that's created an innovative way to help us all us fight stress while we unwind listening to our favourite music

Major seed investment secured by the innovative Insurtech startup Nayms to assist with developing further pilot programs and building its customer base
Published on: 27th October 2012
If you would like to enable commenting via your Startacus account, please enable Disqus functionality in your Account Settings.







- Where are the UK’s most ambitious people in 2021? 21st Jan 2021 New research from Corporate Coach Group reveals the UK's most ambitious cities and includes top tips on how to make 2021 your best year ever when it comes to achieving your goals
- No-Code Chatbot Builder Landbot Secures $8M Series A 20th Jan 2021 The innovative Spanish startup raises major funding to scale its team and help more businesses design smarter automated conversations with customers
- Supporting disadvantaged children with their online learning 19th Jan 2021 The EverLearner launches a GoFundMe campaign to help disadvantaged children in the UK who are struggling to complete their online learning
- Insurtech startup, Nayms Closes £1.5m seed round 15th Jan 2021 Major seed investment secured by the innovative Insurtech startup Nayms to assist with developing further pilot programs and building its customer base