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Support for start-up businesses

Extra investment to grow and nurture high-growth businesses and entrepreneurs has been announced by the Scottish Government.

 

The £5 million package aims to help deliver end-to-end support for Scotland’s start-up companies. It forms part of an ongoing to commitment by the government to deliver on the recommendations of the Logan report into developing a world-class technology sector, and the Pathways report which is focussed on expanding the number of women starting and scaling-up businesses.

 

The package includes:

 

– funding to expand the business funding competition Scottish EDGE, helping broaden and tailor the range of financial support available to fledgling businesses

– the development of pre-start support, aimed at stimulating the earliest stages of business creation and product development for under-represented groups.

– support to maximise the economic impact of university spin-out companies, and commercialise research

– investing in initiatives that will attract the world’s top talent and showcase Scotland as a global destination for start-up founders and investors.

The additional support coincides with an announcement that Codebase, delivery partners of the Scottish Government’s £42 million Techscaler programme, are to partner with Scottish EDGE to develop the end-to-end support offered to businesses and entrepreneurs.

 

Deputy First Minister and Economy Secretary Kate Forbes announced the new funding as she visited the National Robotarium, the UK’s centre for Robotics and Artificial Intelligence and home to a number of spin-out tech companies.

Support for start-up businesses – gov.scot (www.gov.scot)

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