News
Edinburgh and south east Scotland innovation action plan unveiled
A new action plan, which puts business growth and innovation at the forefront, has been launched.
Developed by Innovate UK, Edinburgh and South East Scotland City Region, and Scottish Enterprise, the proposals aim for a resilient and investment-attractive economy by leveraging regional capabilities.
Source: Business Insider
India and Scotland ramp up regional approach to business ties
An Indian – Scotland Business Meet was hosted in Edinburgh 3rd – 6th March and started with an event at Edinburgh City Chambers aimed at fostering business ties between India and Scotland in renewable energy, life sciences, IT and innovation, and whisky.
Source: The Scotsman
Scotland can be the “engine room of UK growth”
The Secretary of State for Scotland, the Rt Hon Ian Murray, told an audience at the University of Edinburgh’s Informatics Forum on Friday morning that Scotland can be “the engine room of UK growth”.
Source: The Edinburgh Reporter
TRICAPITAL Angels leads £2.1 million investment into Scottish insect genetics firm Beta Bugs
Pioneering Scottish business Beta Bugs has secured a multimillion-pound investment as it looks to become a global leader in insect genetics.
TRICAPITAL Angels led a £1.7 million investment into the business in 2023 – and has now followed up with a fresh £2.1 million cash injection alongside Scottish Enterprise.
Scottish National Investment Bank: A catalyst for positive change
With an ambition to be transformative and provide development capital to Scottish firms engage in three core pillars – the drive to net zero, tackling place-based inequality, and supporting innovation – the Scottish National Investment Bank (SNIB) set out its stall to before an audience of delegates from across the business spectrum in Glasgow today.
Source: The Herald
£10M Investment in New Space Facilities in Scotland
New space facilities will be constructed at the UK Astronomy Technology Centre (UK ATC) to facilitate a major European Space Agency (ESA) mission in Scotland
The laboratory, funded by the UK Government’s investments in ESA, will be used to assemble the optical benches for the Laser Interferometer Space Antenna (LISA) mission.
Source: DIGIT
Angel syndicate Tricapital's record year provides backing for 500 Scottish jobs
A Scottish business angel syndicate has helped to create and secure more than 500 jobs thanks to its record investment programme.
Tricapital Angels has completed 18 deals over the past 12 months, with its high-net-worth members pumping more than £3.5 million of their own money into some of the country’s most innovative companies.
Source: The Scotsman
Biotangents set to revolutionise dairy farming industry as investment round announced
Technology developed by Scottish biotech Biotangents, which has announced its latest investment round, is set to revolutionise the dairy farming industry with the world’s fastest on-farm, point-of-care diagnostic device aimed at addressing disease in dairy cows. Bovine mastitis alone is estimated to cost the global dairy farming industry around £20 billion every year, costing the average UK dairy farm up to £25,000 per annum.
Scottish biotech secures £2.3 million investment
Biotangents has secured £2.3m in a funding round led by Eos and British Business Investments, alongside existing investors Kelvin Capital and Scottish Enterprise and will commence on-farm trials across the UK and internationally later next year.
Based on the Pentland Science Park in Midlothian Science Zone, the innovative animal health diagnostics company claims to be developing the world’s fastest on-farm, point-of-care diagnostic device for addressing disease in dairy cows.
Source: Business Insider
Call to ‘turn up the dial’ as Edinburgh University unveils record-breaking stats
Edinburgh University’s commercialisation arm has unveiled record-breaking annual results including the launch of 127 companies.
The latest report also shows that Edinburgh Innovations filed 140 patents during the financial year 2023/24, while £141 million was invested into university-associated companies.
Source: The Scotsman