News
The Scottish tech ecosystem is showing significant momentum
Over the past decade or so, Scotland has developed a burgeoning technology ecosystem, with a growing number of companies adding significant value to the economy and supporting innovation in key areas such as net zero and life sciences.
Source: Business Insider
Scottish Secretary focusses on jobs and investment in USA visit
Jobs and investment in Scotland will be top of the agenda today [Thursday 3 April] when Scottish Secretary Ian Murray, Lord Mayor of London Alastair King and Scottish Financial Enterprise Chief Executive Sandy Begbie meet key sectors in a series of meetings in New York during Tartan Week.
Edinburgh aerospace firm backed for expansion
An aerospace technology firm has secured a £500,000 investment to accelerate its development of space launch guidance systems.
Backed by Kelvin Capital, Gabriel and Scottish Enterprise, Edinburgh-based Aurora Avionics is now looking to hire new engineers, grow its operations at the Royal Observatory and further advance its technology.
Source: Business Insider
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