M Squared Lasers

Over £40 million of public funds are expected to be lost following the collapse of M Squared Lasers, the first company ever backed by the Scottish National Investment Bank (SNIB). The Glasgow-based technology firm fell into administration in August, owing more than £60m to creditors afte

Alistair McAlinden and Geoff Jacobs, managing directors at Interpath, have been appointed as joint administrators of M Squared Lasers Limited, the first company to receive backing from the Scottish National Investment Bank. Headquartered in Glasgow, M Squared was established in 2006 as a photonics a

The Scottish National Investment Bank (SNIB) has officially opened for business with the completion of its first major investment. It is the UK’s first mission-led development bank and it is being capitalised by the Scottish Government with £2 billion over ten years.