Dxcover — a Glasgow-based company developing a blood test that can detect cancer at an early stage — has raised £9.7 million through a Series A investment round and grant funding. The £7.5m funding round was led by existing investors Eos Advisory LLP, Mercia Asset M
The 11 companies selected to take part in the Scotland Can Do ‘Applying Space Data to the Net Zero Economy’ research and development (R&D) challenge came together yesterday to share their innovative ideas after recently being selected from a competitive field of applicants.
Twelve Scottish companies have been successful in receiving a share of £560,000 to support the decarbonisation of heavy duty vehicles. A second challenge call for Zero Emissions Heavy Duty Vehicles was completed recently by Transport Scotland and Scottish Enterprise through its Can Do Innovati
Scottish startup Waire Health has received £2 million in funding from St Andrews-based Eos Advisory and Scottish Enterprise. The investment will allow the firm to scale its sensor technology and grow its management team, production, and product development capabilities, while enablin
Pufferfish, which uses its spherical displays to create immersive solutions for a wide range of clients including Google, NASA, BBC, Fortum, Amazon Prime and Aramco, has exceeded its £600,000 target in the its latest funding round. The Edinburgh tech firm will use the funding to expedite its g
FinTech Scotland has announced a further increase in the number of entrepreneurial fintech SME firms as well as a record-breaking new investment funding for the year. In the last 12 months, Scottish fintechs received over £305 million in funding supporting their growth and development, represe
University projects from Edinburgh and Aberdeen have each secured £75,000 in funding from Scottish Enterprise’s high growth spin-out programme (HGSP) to support renewable energy. An innovative project from the University of Edinburgh that is developing heat exchange technology for marine
Revive Eco has raised a £375,000 investment led by Gabriel Investment Syndicate to commercialise its patent-pending process to recycle coffee grounds into a sustainable palm oil alternative. The Glasgow-based green tech startup was launched by co-founders Fergus Moore and Scott Kennedy in 2019
Scottish Enterprise’s support is forecast to generate £709.74 million of Scottish innovation expenditure. The agency approved £120m in grant funding and equity investment for innovation activities in the 2021-22 financial year, which is now calculated to deliver a further £50
The 20th round of the Scottish EDGE Awards saw an investment of £1.6 million being handed out to businesses with high growth potential.
Fitabeo Therapeutics has ‘spun-out’ from the University of Strathclyde with ambitious plans to address some of society’s most pressing healthcare challenges within chronic pain and women’s health. The firm has also announced the appointment of accomplished pharmaceutical exec
Snappy Shopper, the Dundee-based home delivery marketplace serving convenience stores, has raised a seven-figure sum from existing investors Highland Technology, Kelvin Capital and Scottish Enterprise, to fuel growth ambitions.
Scotland’s national economic development agency Scottish Enterprise has been named as one of the key partners supporting AccelerateHER Awards 2023, a programme recognising and celebrating the achievements of the nation’s female-founded businesses. The 2023 awards were launched last month
Satellite-enabled cloud services company Mangata Networks has announced it has chosen Scotland as the location for its research & development activities as well as satellite manufacturing, space systems and core network operations. Over the coming few years, up to 575 new jobs will be created as
A funding round for Edinburgh-based Sofant Technologies has been joined by international holding company NetScientific plc, taking the total joint investment round to £4.2 million. The round is being led by NetScientific subsidary EMV Capital Ltd alongside Scottish Enterprise, Kelvin Capital L