Scottish Enterprise

Scottish Enterprise is Scotland's primary economic development agency, operating as a non-departmental public body of the Scottish Government. Its mission is to foster economic growth by supporting the development of innovative, high-wage industries with a strong international presence. The organization plays a crucial role in assisting small and medium-sized enterprises (SMEs) in securing financing, helping them engage with funders and access the necessary capital for expansion. Scottish Enterprise invests through its arm, the Scottish Investment Bank, which focuses on various sectors, including renewable energy, life sciences, and creative industries. The firm engages in both direct and fund-of-fund investing, typically providing financial support in the form of equity or loans ranging from £0.01 million to £10 million. Additionally, it collaborates with public and private sectors and works alongside UK and international investors to enhance the funding landscape for Scottish businesses. Through these initiatives, Scottish Enterprise aims to create a sustainable economic impact and strengthen the funding market within Scotland.

Reuben Aitken

Managing Director, International Operations

Rhona Allison

Managing Director, Business Growth

Mark Hallan

Global Director, Strategic Relationships

Linda Hanna

Interim CEO

Jane Martin

Managing Director of Innovation and Investment

Jim McFarlane

Managing Director of Operations

Charlie Smith

Managing Director of Scottish Development International and Group Head of Strategy and Technology

Past deals in Biofuel

ENOUGH

Series B in 2021
ENOUGH, formerly known as 3fbio Ltd., is a technology spin-out from the University of Strathclyde, established to develop and commercialize innovative patented technology for the production of mycoprotein, a meat-free food product. The company employs integrated fermentation processes that combine the production of mycoprotein with existing bio-refinery operations, which also generate bioethanol and animal feed as co-products. By utilizing glucose syrup as feedstock for mycoprotein and carbohydrate feedstock for bioethanol, ENOUGH aims to enhance production economics while promoting sustainable food solutions. Incorporated in 2015 and based in Glasgow, United Kingdom, the company focuses on transforming the food, fuel, and feed sectors through its advanced production methods.

Arcola Energy

Grant in 2021
Arcola Energy is a leader in hydrogen and fuel cell integration, specializing in zero-emission solutions for heavy-duty vehicles and transport applications.

MiAlgae

Seed Round in 2020
MiAlgae Ltd, founded in 2016 and based in Edinburgh, United Kingdom, specializes in the production of microalgal products designed to replace fishmeal in livestock feeds. The company focuses on creating nutrient-rich supplements high in Omega-3 fatty acids and proteins, essential for aquaculture and other livestock. By utilizing wastewater remediation in its production process, MiAlgae operates within a circular economy framework, which helps lower production costs and enhances competitiveness in the £340 billion global livestock feed industry. This innovative approach not only contributes to sustainable livestock production but also addresses the growing demand for alternative protein sources in animal nutrition.

ENOUGH

Series A in 2018
ENOUGH, formerly known as 3fbio Ltd., is a technology spin-out from the University of Strathclyde, established to develop and commercialize innovative patented technology for the production of mycoprotein, a meat-free food product. The company employs integrated fermentation processes that combine the production of mycoprotein with existing bio-refinery operations, which also generate bioethanol and animal feed as co-products. By utilizing glucose syrup as feedstock for mycoprotein and carbohydrate feedstock for bioethanol, ENOUGH aims to enhance production economics while promoting sustainable food solutions. Incorporated in 2015 and based in Glasgow, United Kingdom, the company focuses on transforming the food, fuel, and feed sectors through its advanced production methods.

Kenoteq

Grant in 2017
Kenoteq is a clean tech company that specializes in the production of an innovative unfired eco-brick made from 90% recycled content sourced from demolition and construction waste. This product stands out due to its environmentally friendly manufacturing process, which eliminates the need for energy-intensive gas usage and avoids the use of cement, common in traditional clay-fired bricks. By focusing on low resource consumption and sustainable practices, Kenoteq aims to provide clients with a recyclable building material that significantly reduces life cycle environmental impacts.

ENOUGH

Seed Round in 2017
ENOUGH, formerly known as 3fbio Ltd., is a technology spin-out from the University of Strathclyde, established to develop and commercialize innovative patented technology for the production of mycoprotein, a meat-free food product. The company employs integrated fermentation processes that combine the production of mycoprotein with existing bio-refinery operations, which also generate bioethanol and animal feed as co-products. By utilizing glucose syrup as feedstock for mycoprotein and carbohydrate feedstock for bioethanol, ENOUGH aims to enhance production economics while promoting sustainable food solutions. Incorporated in 2015 and based in Glasgow, United Kingdom, the company focuses on transforming the food, fuel, and feed sectors through its advanced production methods.

Kite Power Systems

Venture Round in 2017
Kite Power Systems, founded in 2011 in Burnham-on-Crouch, Essex, UK, focuses on harnessing wind energy through an innovative twin-kite system. This technology aims to provide a reliable and efficient solution for generating clean energy at a lower cost compared to traditional wind turbines, utilizing 85 percent less material. The company's kite arrays can be deployed in both onshore and offshore locations, making them suitable for areas where conventional wind systems are not viable. Kite Power Systems has undergone continuous testing and development since its inception and has received funding from the UK Department of Energy and Climate Change and various private sector investors, reinforcing its commitment to reducing dependency on fossil fuels and mitigating climate change impacts.

CelluComp

Venture Round in 2016
CelluComp Ltd. is a material science company based in Burntisland, United Kingdom, that specializes in manufacturing biobased materials derived from waste streams of the food processing industry. The company has developed Curran, a high-performance material made from nano-cellulose fibers extracted from root vegetables. Curran is available in paste, slurry, and powder forms, and is used in various applications, including paints and coatings, paper, food, personal care, home care, cosmetics, concrete, and composites. CelluComp distributes its products across several regions, including the United Kingdom, Germany, the Netherlands, Poland, France, Spain, Portugal, the Middle East, and the United Arab Emirates. Founded in 2004, CelluComp focuses on sustainable resources, aiming to provide innovative solutions that reduce reliance on hydrocarbon feedstocks while offering cost-effective products for its clients.

CelluComp

Seed Round in 2013
CelluComp Ltd. is a material science company based in Burntisland, United Kingdom, that specializes in manufacturing biobased materials derived from waste streams of the food processing industry. The company has developed Curran, a high-performance material made from nano-cellulose fibers extracted from root vegetables. Curran is available in paste, slurry, and powder forms, and is used in various applications, including paints and coatings, paper, food, personal care, home care, cosmetics, concrete, and composites. CelluComp distributes its products across several regions, including the United Kingdom, Germany, the Netherlands, Poland, France, Spain, Portugal, the Middle East, and the United Arab Emirates. Founded in 2004, CelluComp focuses on sustainable resources, aiming to provide innovative solutions that reduce reliance on hydrocarbon feedstocks while offering cost-effective products for its clients.
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