Advertising tech firm Blis has announced plans to expand in Scotland after being awarded a £1.4 million grant from Scottish Enterprise. The company will establish an R&D Centre in Scotland, enhancing the skills base of the country’s already vibrant digital sector. The move will deliv
Scottish Enterprise
Following its launch last year, the Smart Things Accelerator Centre (STAC) is scaling up having secured a strategic partnership with Scottish Enterprise that will deliver additional services and support to Scotland’s first Internet of Things (IoT) accelerator programme. Additionally, 13 new co
Edinburgh-based PhysioMedics has secured equity and grant funding totalling £1.5 million from Archangels, Scottish Enterprise and Innovate UK to allow it to accelerate its commercial growth and product roadmap, including expanding into European and Indian markets. The investment follows the ap
Cytomos, an Edinburgh-based life science company that has developed a proprietary new approach to analysing cells, has secured £1.6 million funding to progress the development and qualification of its novel cell analysis platform, Cytomos Dielectric Spectroscopy (CDS). The fundraising round by
Glasgow-based online retailer of men’s wet shaving and grooming items, The Executive Shaving Company, has moved into employee ownership with all staff taking a stake in the business.
Family-run Brewster Brothers has secured more than £450,000 grant funding from Scottish Enterprise to create 22 new green jobs as part of its ambitious expansion plans. The sustainable resource management company, which recycles 99% of all construction, demolition and excavation (CDE) waste it
The Scottish Government will provide capital investment of £581 million to support the economy over the next four years through its enterprise agencies and the Scottish National Investment Bank (SNIB). In the Resource Spending Review published yesterday and covering the period from 2023/24 to
There are currently 195 employee-owned businesses (EOBs) operating in Scotland, according to new research commissioned by Co-operative Development Scotland (CDS), which is part of Scottish Enterprise. The research has given the clearest picture yet of Scotland’s EOBs and their economic contrib
Scottish Enterprise (SE) has unlocked more than £2 billion of private sector investment in early-stage companies operating in Scotland. Through its commercial investment activity, the economic development agency has invested more than £770 million to help unlock funding from private inve
Aberdeen-based biopharmaceutical company Elasmogen has secured an £8 million investment from BGF and the Scottish National Investment Bank, with additional support from existing investor Scottish Enterprise. The multi-million-pound investment will enable Aberdeen-based Elasmogen to continue de
Biotangents, an Edinburgh biotechnology business, has secured £2.2 million of new funding made up of £1.6m from the UK Government’s Innovate UK innovation loans programme and a further £600,000 from a funding round led by Kelvin Capital and Scottish Enterprise. The funding wi
University of Edinburgh startup OGI Bio has secured £1 million of investment to help revolutionise microbial culturing. TRICAPITAL led the investment round alongside Apollo Informal Investment, Old College Capital, the University of Edinburgh’s in-house venture investment fund, Sapphire
London-headquartered KultraLab, a behavioural science and technology company, will open a new hub in Edinburgh after it received more than £2 million investment from Kelvin Capital and Scottish Enterprise in a move that will create up to 25 jobs.
BGF has today completed a £1.6 million investment in Aiber, a Scottish med-tech firm, headquartered in Inverness. This completes a £2m fundraising round, with existing investors Scottish Enterprise and Equity Gap also participating.
Scottish Enterprise has announced a new initiative that it hopes will position Scotland as a global leader in the supply chain and manufacturing for heat pumps and heat networks.