June 26, 2022


In excess of £1.5m has been awarded to an array of early phase corporations at the Scottish EDGE Awards previous night.

A total of 40 companies which had been deemed as obtaining “entrepreneurial potential” benefited from the financial investment at the awards ceremony.

Scottish EDGE is a level of competition aimed at figuring out and supporting Scotland’s entrepreneurial talent, and returned for its 19th spherical this yr.

A person of the most significant winners at the awards was Edinburgh-based mostly Lentitek Ltd, a company of subsequent-technology cancer therapy cure Motor vehicle-T.

A group photo of all the entrepreneurs and winners at the Scottish EDGE Awards.
The awards noticed more than £1.5m awarded to 40 Scottish early phase enterprises. (C) Sandy Youthful Photography

The company, founded by Adam Inche, gained a overall of £100k in the award sponsored by the Industrial Biotechnology Innovation Centre (IBioIC) in Glasgow.

In the Young EDGE group, for entrepreneurs less than the age of 30, winners incorporated North Coast Watersports and Robocean, who gained the prime Harper Macleod and Scottish Enterprise £15k prizes respectively.

Scottish Business agreed to extend its contribution of £75k in the Younger EDGE class for the two rounds 19 and 20, enabling a additional 7 winners aged 18-30 to be supported every single round, taking the whole to 14.

Leah Pape, Head of Entrepreneurship and Financial investment at Scottish Company, stated: “The substantial calibre of modern candidates EDGE attracts gave the EDGE 19 judging panel a quite rough job. Our congratulations to all the winners.

“Scottish EDGE has an crucial purpose to engage in in supporting revolutionary, high development possible start-ups.

“Scottish Company is very pleased to support nurture the entrepreneurial talent that will drive Scotland’s long term financial prosperity by way of our ongoing help for the Youthful EDGE catergory.”

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Wildcard EDGE winners – the group for pre-investing businesses, sole-traders and partnerships – been given £85k in full.

Royal Financial institution of Scotland has pledged even further assistance to Scottish EDGE pursuing the prosperous debut of the Net Zero class final year.

This year’s Internet Zero award was won by Edinburgh based mostly Farm-Hand Ltd, a info pushed farm-administration platform applied for connecting farmers and farming aggregators to acceptable agriculture answers.

Founder Abhimanyu Bhavgava been given resources of £70k to further more support the company’s advancement ambitions.

In the Social Enterprise classification, Glasgow-based mostly firm The Whisky Chairmen been given £50k for its zero-squander producing social business tackling poverty and social isolation in Inverclyde.

The supplemental funding from Royal Bank of Scotland and Scottish Enterprise compliments the £1m increase led by The Hunter Foundation from a number of Scots entrepreneurs last year.

The remaining provides the full pot of cash awarded by Scottish EDGE to help early stage, significant advancement enterprises to about £20m in the 19 rounds now concluded with more than 500 thriving applicants.

Judith Cruickshank, Regional Taking care of Director for Scotland & North of England, Royal Bank of Scotland, mentioned: “Enterprise is at the main of our overall economy, and the economical sector has a collective accountability to foster an surroundings wherever entrepreneurs can commence, scale, and prosper. 

“The time to act on climate modify is now and investing in high expansion businesses through initiatives this kind of as the Net Zero award not only has a favourable effect on persons, but on the foreseeable future of Scotland as a nation.

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“Each and each a single of this year’s winners demonstrates the innovation and willpower required to enable bolster and strengthen Scotland’s economic climate after a complicated interval, even though also earning good strides in the direction of our climate ambitions.

“Congratulations to this year’s winners.”

Evelyn McDonald, CEO of Scottish EDGE extra: “It’s now our eighth year functioning Scottish EDGE and it is been a genuine pleasure to have supported more than 500 enterprises all through this time.

“Scottish EDGE was set up with the intention of providing a alternative to the funding hole for likely substantial growth firms so we’re delighted to be able to spend a more £1.5m in this hottest round to an added 40 enterprises.

“The results achieved does not only reward the organizations but offers a prospective substantially desired boost to the broader Scottish financial system.”

This calendar year, Scottish EDGE obtained 177 apps. The finalists pitched to judges on 25th and 26th May in front of a live viewers.