News
Unleashing start-up talent
A package of measures to help entrepreneurs start and grow their businesses will be delivered next year with funding in the draft Scottish Budget 2025/26. As part of £15 million investment, at least £4 million will be invested to expand the number of women entrepreneurs by providing tailored support at the earliest stages of business creation.
New multi-million government funding to make Scotland world-leading start-up hub
The Scottish Government has announced a series of measures to unleash start-up talent and bridge the gender gap in the entrepreneurial sector.
As part of the £15m allocated to the start-up economy in the draft Scottish Budget 2025/26, £4m will be invested in encouraging female entrepreneurs.
Source: Holyrood
What Was Life Like for Innovating UK Businesses in 2024
Innovate UK has released its State of Innovation 2024 survey, drawing on data from over 2,000 UK firms to provide a thorough breakdown of UK businesses’ innovation activities, including their priorities, challenges, and plans for the year ahead.
Source: Digit News
Cytomos secures £5 million for scale-up
Midlothian-based biotechnology company Cytomos has secured £5 million to scale up production of its cell analysis technology.
Cytomos said that the investment will enable it to drive sales of its first commercial product, Celledonia™, built on its cell analysis technology platform, AuraCyt, which is “already generating significant market traction.”
Cytomos secures £5 million of scale-up investment
Cytomos has raised £5m to scale up production of its cell analysis technology.
New investment will allow the Edinburgh-based biotechnology company to drive sales of its first commercial product, Celledonia, built on its cell-analysis technology platform AuraCyt.
Source: Business Insider
Veterinary diagnostics company opens new US lab
MI:RNA is accelerating its growth plans with the opening of a new laboratory in the United States.
The veterinary diagnostics company using cutting-edge technology and science to transform animal health diagnosis, and which originally spun out of SRUC, has secured $4 million in Series A funding.
Source: Business Insider
Swinney gives ‘cast-iron’ guarantee to return £46 million to farmers
The First Minister has given farmers a “cast-iron” guarantee to return £46m taken from the agriculture budget to combat the cost-of-living crisis.
The cash was taken in 2022 and 2023 as the country grappled with soaring costs and energy bills.
Source: Business Insider
Second round of bio-based manufacturing fund opens
Businesses in Scotland’s bio-based manufacturing industry have been invited to apply for support packages of between £25,000 and £1m, as Innovate UK opens the second round of its Launchpad funding programme. A total of up to £5.25m is being channelled into the Launchpad for Scotland in this round, with grant funding available for projects from micro to small or medium-sized enterprises, or consortia.
Source: Business Insider
Scottish female-led companies set to leverage £4.5m funding
Investing Women Angels (IWA) has announced it will back a series of investment rounds over the next four months that is set to raise more than £4.5 million for four female-founded companies in Scotland.
Six business-academic collaborations get funding green light
Two alternative protein ventures and an educational digital children’s game about business are among the research and development projects awarded funding through the Scottish Inward Investment Catalyst Fund (IICF).
Source: Business Insider