A very exciting Elevator road trip commenced last Thursday when we spent the day at RBS Gogarburn, Edinburgh to see the Live Pitching Finals of Round 9 Scottish EDGE Fund. In fact, we may even have influenced the hashtag: #ScottishEdge9 trending in the top three in the UK on that day!
Our Team was particularly excited to be supporting Friends of Elevator who ALL won funding they pitched for on the day, the results also see a return to the North East of the Higgs Award, for the second year in a row. Congratulations to...
Craig Buchan of Qpal Ltd
Gavin Munro of GM Flow
- both previous Elevator Accelerator Founders.
Stuart Ellison at Exnics Ltd pictured left, a previous Elevator Awards finalist and Spyglass Innovations Ltd: Looblade (our friends in Tayside).
During a high energy day, twenty-one of Scotland’s most promising entrepreneurs pitched their businesses to an expert panel of judges in order to win up to £100,000 each in grant funding and loans. The panel of judges, which was chaired by Lucinda Bruce-Gardyne of Genius Gluten-Free, chose fourteen of the businesses as winners on the day. Also announced were winners of Higgs EDGE, which seeks to identify innovative science and technology businesses with global commercialisation potential, Young EDGE, for entrepreneurs under the age of 30, and Wild Card EDGE for businesses who have yet to commence trading.
Scottish EDGE is awarded as a 50% grant and a 50% loan. The loan is paid back to help fellow entrepreneurs on their pathway to success. Both the Young EDGE and Wild Card EDGE awards are grants of up to £10,000. In addition, Scottish EDGE provides mentoring, training and access to professional support.
Scottish EDGE CEO, Evelyn McDonald said: “Scottish EDGE’s bi-annual finals have become a highlight of Scotland’s entrepreneurial events calendar. Our recent, well-publicised alumni successes are testament to the competition’s impact on the start-ups that we support and we are confident that today’s winners will achieve equally great and inspiring things.
‘We received a total of 218 applications for Scottish EDGE round nine from around the country, representing businesses in every sector. The twenty-one businesses who pitched today represent the best of Scotland’s entrepreneurial talent. For those who didn’t win this time around, it’s not a closed door, over fifty percent of our winners to date were returning entrants, we encourage both previous and new applicants to apply for Scottish EDGE funding and support. After the New Year we’ll be jumping straight back in as we begin preparations for round ten, opening our application window in early 2017.”
Gordon Merrylees, Scottish EDGE board member and Head of Entrepreneurship at Royal Bank of Scotland and NatWest, commented; “Scottish EDGE has had a significant impact on Scotland’s economy, with our alumni having generated an additional £45.06m in turnover, secured £44.12m in additional investment and created 818 jobs. We’re looking forward to continued success as today’s winners join our group of high-achieving alumni.”
Sir Tom Hunter, renowned Scottish entrepreneur and philanthropist, said; “It’s a cause that’s long been close to my heart – helping Scottish businesses to start and grow. Scotland’s entrepreneurial talent pool is globally recognised, we need to nurture it in any way that we can to build our economy and to provide the quality jobs that Scottish people deserve. Scottish EDGE enables us to identify the innovators of today and the job creators of tomorrow, it is a critical tool as we strive to build a far greater pipeline of high-growth businesses. I congratulate all winners and commend all the entrants for their commitment to building great entrepreneurial businesses.”
The Scottish EDGE winners were:
Amiqus Resolution: Handles compliance and onboarding of clients for legal and financial services firms. Amount Awarded: £75,000 | Edinburgh
Brewgooder Ltd: A social enterprise brewery which donates 100% of its profits to clean water projects around the world. Amount Awarded: £70,000 | Edinburgh
Care Sourcer Ltd: The first company in the UK to provide a care matching platform enabling people to source care that meets their needs. Amount Awarded: £50,000 | Edinburgh
Dear Green Ltd: First in Scotland to supply exclusively 100% Speciality Grade coffee. Amount Awarded: £25,000 | Glasgow
GM Flow: Offers flow consultancy expertise in the field of test and production separator, gas lift, gas and water injection measurement. Amount Awarded: £45,000 | Aberdeen
Kitsch Drinks Ltd: Produces refreshing sodas in innovative flavours like Rhubarb & Thai Basil. Amount Awarded: £100,000 | Edinburgh
LMB Enterprise Ltd: Pads that address the global issue of loose fitting shoes. Amount Awarded: £40,000 | Glasgow
Property Technology Ltd: Innovative technology which makes viewing and applying for a property easy. Amount Awarded: £50,000 | Edinburgh
Qpal Limited: A disruptive cashless payments solution for the live events industry. Amount Awarded: £40,000 | Aberdeen
SignLive Ltd: Software which facilitates communication between deaf and hearing people anywhere, anytime, via an app. Amount Awarded: £45,000 | Edinburgh
Slim Lizzie Ltd: Slissie – flavoursome electronic anti-snacking device, slimming aid and good eating habit trainer. Amount Awarded: £100,000 | Edinburgh
Spyglass Innovations Ltd: Looblade – a re-invention of the toilet brush which utilises SwipeClean technology. Amount Awarded: £75,000 | Perthshire
SunTech UK Ltd ta eFOLDi: An innovate concept of a personal vehicle, which can be easily folded to a trolley or suitcase. Amount Awarded: £90,000 | Fife
Swimbeam Training Ltd: Swimbeam Air Trainer – Europe’s only dry-land swim training bench. Amount Awarded: £40,000 | Edinburgh
Higgs Edge winners were:
Exnics Ltd: A subsea technology company determined to solve big problems with simple new products with the potential for large scale global commercialisation. Amount Awarded: £150,000 | Aberdeen
RD Support: RD Support has invested in the development of a graphene layer manufacture process. Amount Awarded: £100,000 | Stirling
Young EDGE winners were:
Staels Design Ltd: WheelAir – the first temperature regulating wheelchair pad alleviating pain points faced by wheelchair users. Amount Awarded: £10,000 | Glasgow
Dekko Comics Ltd: Create educational comics which are visually engaging while also being informative. Amount Awarded: £10,000 | Glasgow
Pyramid WiFi Ltd: Tiny wifi box providing a simple, inexpensive and lawful way to unlock your internet. Amount Awarded: £10,000 | Glasgow
MiAlgae: Utilising nutrient rich wastewater to produce microalgal products for the livestock feed industry. Amount Awarded: £10,000 | Edinburgh
Rory Hutton Ltd: Menswear accessories label specialising in hand-made ties, bow ties and pocket squares. Amount Awarded: £10,000 | Edinburgh
Lonely Mountain Skis Ltd: High performance and environmentally friendly skis to suit all aspects of the Alpine skiing market. Amount Awarded: £10,000 | Perthshire
The Hebridean Food Company: Create luxury foods using only ingredients from the Hebrides. Amount Awarded: £10,000 | Isle of Uist
Estendio: Present Pal – the first ever presentation support app specific to dyslexic users. Amount Awarded: £10,000 | | Glasgow
DirectDevitt Comedy Productions & Management CIC: ‘Comedy and confidence’ workshops, using comedy techniques and resources to support disengaged youths.
Amount Awarded: £7,500 | Glasgow
Ramadan Legacy Ltd: A mobile app focusing on providing a new learning experience for the holy month of Ramadan. Amount Awarded: £5,000 | Glasgow
LoCa Beverages Ltd: Minus 33 – a 33% juniper distilled spirit. A gin, in all but alcohol level. Amount Awarded: £5,000 | Edinburgh
Phone My Mum Ltd: Treasure – a pirate themed kids bead kit with a safety twist. Amount Awarded: £2,500 | Lanarkshire
WildCard EDGE winners were:
MicroSpray Technologies: On a mission is to revolutionise particle manufacturing for pharmaceutical and research industries. Amount Awarded: £10,000 | Edinburgh
Airdecks Ltd: An innovative product for the construction industry that aims to eliminate issues associated with scaffolding obstruction. Amount Awarded: £10,000 | East Lothian
BioTSptech: A new sensor, used broadly to monitor the health and general characteristics of cells grown ex vivo. Amount Awarded: £10,000 | Edinburgh
DAT Consulting Ltd: Have invented two systems for the hygiene sector – Sterl Blast (a room system) and Sterl Hand (a hand system used in intensive care settings). Amount Awarded: £10,000 | South Ayrshire
Spark and Rocket Ltd: Aims to market and sell fun, accessible and creative products to enable children to play, create and learn music. Amount Awarded: £10,000 | Hamilton
SpeyCardio Ltd: Creators of the Smart Wearable Defibrillator, now developing disposable defibrillator pads which are compatible with the device.
Amount Awarded: £10,000 | Aviemore
Nu Blvck Ltd: A fashion accessories brand and e-commerce platform transforming the traditional supply chain. Amount Awarded: £10,000 | Glasgow
Wallet.Services (Scotland) Ltd: Simplifies BlockChain in business using a software platform that enables innovation, accelerates projects, and manages risk in development and operations. Amount Awarded: £10,000 | Edinburgh
Peaches Wax Bar Ltd: Aiming to develop a UK based, quality wax brand. Amount Awarded: £5,000 | Glasgow
HakySak Ltd: An online, peer-to-peer marketplace, that connects local people to other trusted members of their community. Amount Awarded: £5,000 | Glasgow
Your Book List: A money saving app which directly connects students to the best deals on buying and selling their textbooks. Amount Awarded: £5,000| Edinburgh
Sansible Wearables: Offers a combined hardware and software system to improve performance and help prevent injury. Amount Awarded: £5,000 | Edinburgh.
Congratulations to all winners from Team ElevatorBack to blog