Scottish Enterprise

Scottish Enterprise is Scotland's primary economic development agency, operating as a non-departmental public body under the Scottish Government. Established in 1991 and based in Glasgow, it aims to foster an innovative and productive economy by partnering with both public and private sectors to identify and capitalize on high-value opportunities. The organization supports small and medium-sized enterprises (SMEs) by helping them secure necessary financing, enhancing management capabilities, and facilitating growth. Through its arm, the Scottish Investment Bank, it engages in direct and fund of fund investments, focusing on sectors such as renewable energy, healthcare, technology, and creative industries. It typically invests between £0.01 million and £10 million, utilizing various financial instruments including loans, equity, and mezzanine financing. Scottish Enterprise also collaborates with UK and international investors, including business angels and venture capital groups, to stimulate the funding market in Scotland and enhance the growth potential of Scottish businesses.

Steve Dunlop

Chief Executive

Jane Martin

Managing Director of Innovation and Investment

Pat McHugh

Investment Director

Iain Scott

Chief Financial Officer

Kerry Sharp

Head of the Scottish Investment Bank

Past deals in Grant

Solasta Bio

Grant in 2023
Solasta Bio develops environment-friendly products that meet a global need for new and effective crop protection.

Mage Control Systems

Grant in 2023
Mage Control Systems is a design company that provides embedded electronic control systems for a range of industries. They can take the ideas and requirements from concept to reality, from blue sky design to increased manufacturing. Their assessment and testing methods are thorough and match industry standards, assuring dependability and performance in difficult situations.

Smart Green Shipping

Grant in 2022
Smart Green Shipping develops technical, commercially viable, digitally enabled wind-powered solutions.

448 Studio

Grant in 2022
448 Studio offer social media workshops, training and consultancy that supports the public sector and higher education.
Rhizocore Technologies produces locally-adapted mycorrhizal fungi to enhance tree planting success.

Gigged.AI

Grant in 2022
Gigged.AI is a digital talent sourcing and onboarding platform designed to connect top talent with forward-thinking clients. The platform utilizes an artificial intelligence-based algorithm to match technology professionals with appropriate projects, facilitating collaboration among clients, contractors, and freelancers. By streamlining the process of sourcing and onboarding talent, Gigged.AI enables the effective delivery of digital projects within specified timelines while ensuring compliance with local regulations.

Valneva

Grant in 2022
Valneva SE is a biotechnology company focused on developing and commercializing vaccines for infectious diseases that lack effective solutions. It offers two commercial vaccines for travelers: IXIARO/JESPECT, which prevents Japanese encephalitis, and DUKORAL, aimed at preventing cholera and certain types of diarrhea. The company is also advancing a pipeline of vaccines, including a candidate targeting Lyme disease and a single-shot vaccine for chikungunya. Valneva operates in several countries, including Austria, Canada, France, Sweden, the United Kingdom, and the United States. Established in 1999 and headquartered in Nantes, France, Valneva collaborates with Dynavax Technologies Corporation to enhance vaccine development efforts, particularly in response to COVID-19.

M2M Cloud

Grant in 2022
M2M Cloud is an internet of things (IoT) company delivering device to cloud solutions.

Cytochroma

Grant in 2021
Cytochroma manufacture genetically diverse stem cell-derived models to predict the safety and effect of drugs in a global population. Cytochroma’s automated cell manufacture, physiologically relevant models and rapid screening platform makes preclinical testing faster, safer and smarter.

Vert Rotors

Grant in 2021
VERT Rotors, Edinburgh, UK, produces ultra-compact, light and low-vibration Conical Rotary Compressors (CRC) based on its proprietary technology. VERT’s compressors consist of an Inner screw rotor revolving inside an Outer screw rotor. They are designed for applications where dimensions and weight are mission-critical, and vibration and noise are not acceptable.

O-I Glass

Grant in 2021
Full investment portfolio: Cash and cash equivalents - 0.46% Debt securities - 2.12% Other - 1.55% Founded in 1903, Owens Illinois is a corporate firm based in Ohio, United States. The firm manufactures and sells glass containers to their clients internationally. The firm sponsors a non-contributory defined benefit pension plan for its employees.
North British Distillery Company is the supplier of grain whiskey to the industry, most of which is used for blended Scotch.

Changingday

Grant in 2021
Changingday creates virtual reality games for autistic people.

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.

Stamp Free

Grant in 2021
Stamp Free Ltd. operates as a digital postage stamp company.

Xergy

Grant in 2021
Proteus is a work management automation platform designed from the ground-up by diversified energy industry professionals to help the industry digitally transform and transition to a low carbon future. It brings together talent acquisition, project management and finance into one cloud-based hub. A powerful engine of integration for your business which brings data from third party software like Microsoft 365, Google Workspaces and ERP to provide real-time project oversight, powering accurate, consistent work and driving operational efficiency and increased profitability: work. simplified.

Proteus

Grant in 2021
Proteus combines a world-class business operating system with on-demand access to rated talent and pay-as-you-go access to major engineering software into a simple-to-use platform.

UserTesting

Grant in 2020
UserTesting is an on-demand human insights platform that enables organizations to make informed, customer-centric business decisions. The platform allows brands to target specific customer audiences, create and execute studies, and engage in live conversations to gather valuable feedback and reactions. By facilitating usability testing with a broad panel of users, UserTesting helps companies capture meaningful insights that can be compiled into video reels for easy sharing across their organizations. This process aids in enhancing the customer experience, fostering brand loyalty, and ultimately driving revenue growth.
Asklepios BioPharmaceutical is a biotechnology company developing adeno-associated virus (AAV) gene therapies for genetic disorders and other rare diseases. It offers proprietary AAV technology, manufacturing capabilities, and a robust pipeline of in-house clinical programs for clients in the medical biopharmaceutical industry. Its pipeline includes clinical-stage programs in Pompe disease and congestive heart failure and a diverse preclinical portfolio of therapeutics targeting neuromuscular, CNS, and other diseases, as well as out-licensed clinical indications for hemophilia and Duchenne muscular dystrophy. The company’s gene therapy platform includes Pro10, an industry-leading proprietary cell line manufacturing process, and an extensive AAV capsid, and promoter library. Asklepios BioPharmaceutical was founded in 2001 and is headquartered in Research Triangle Park, North Carolina.

ION Geophysical

Grant in 2020
ION Geophysical Corporation is a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry. The Company offers services and products through four segments: Solutions, Systems, Software and Ocean Bottom Services (OBS). The Company's Solutions segment provides over two service activities: Ventures group and Imaging Services group. The Company's Systems segment's products include Marine Acquisition Systems, Marine Positioning Systems and Geophones. The Company's Software segment provides command and control software systems, related software and services for towed marine streamer, and seabed operations, as well as survey design. The Company, through OceanGeo B.V., offers an integrated OBS solution, which includes expert survey design, planning and optimization, superior data captured using multicomponent acquisition systems available to OceanGeo; data acquisition, and data processing, interpretation and reservoir services.

Encompass

Grant in 2020
Encompass Corporation UK Limited provides cloud-based visual analytics and automation products to professionals. The company offers SaaS solutions for law, restructuring and insolvency, ABLs and factors, and banking and finance. It allows professionals from banking, accounting, law, and restructuring and insolvency to search, review, and manage commercial information. The company was founded in 2010 and is based in Glasgow, United Kingdom. It has additional offices in Glasgow, London, and Sydney.

Willo

Grant in 2020
Building class-leading virtual interview software to help fast-growing organisations discover and develop talented people. Engineered & optimized to work anywhere on a highly scalable and secure infrastructure which is fully GDPR compliant.

Boundary

Grant in 2020
Boundary Technologies Ltd designs and develops smart burglar alarm system that can be controlled with their mobile devices. The company offers a central hub for monitoring and controlling all connected devices, motion sensors, application software for the system, door and window contact, outdoor sounder, and smart home integrations. The company was incorporated in 2018 and is based in Edinburgh, United Kingdom.

EnMovi

Grant in 2020
EnMovi is a Medical technology firm.

SHE Software

Grant in 2020
Fast growing provider of SaaS health and safety software solution, operating across EMEA, North America and ANZ. The Health, Safety & Risk industry is undergoing a major transition, triggered by cloud computing, AI, pervasive wireless connectivity and predictive analytics. The potential to have a major impact on working people’s lives is huge. SHE Software is leading this transformation and has something very special. Our team has embedded our deep understanding of our customers' world into what we believe is the very best health and safety cloud platform. And we have seen all of them. Our customers are selecting SHE because their peers confirm the major productivity and assurance improvements we deliver, because our world class mobile technology ensures high engagement and because we provide a future-proof platform for upcoming IoT & AI innovations.

Beeks Financial Cloud

Grant in 2020
Beeks Financial Cloud is a niche cloud computing and connectivity provider for automated (also known as algorithmic) trading in Forex and Futures financial products. The Beeks platform has been specifically designed for latency sensitive automated trading environments and provides 'on demand' low latency computing resources to its clients through its direct connectivity to the leading Financial Exchanges across the world. The Group is headquartered in Glasgow and operates from nine operating datacentre locations in London, New Jersey, Chicago, Frankfurt, Tokyo and Hong Kong. Each is connected via a dedicated fibre network and Beeks has connections to various Financial Exchanges including CME and CBOE and a number of Trading Venues. The Company employs 28 people across the UK, US, Austria, and Japan and engages seven contractors in Indonesia, one in the USA and one in Japan.

Diodes

Grant in 2020
Diodes is a global manufacturer and supplier of high-quality, application-specific standard products within the broad discrete and analog semiconductor markets, serving the consumer electronics, computing, communications, industrial and automotive markets. Diodes' products include diodes, rectifiers, transistors, MOSFETs, protection devices, functional specific arrays, power management devices including DC-DC switching and linear voltage regulators, amplifiers and comparators, and Hall-effect sensors.

Wobble Genomics

Grant in 2020
Wobble Genomics specializes in maximizing RNA and DNA sequencing efficiency for the discovery and detection of nucleic acid biomarkers.

Aiber

Grant in 2019
Aiber specializes in developing innovative software solutions for in-flight medical care within the aviation industry. The company's flagship product, MIME Pro, provides essential first aid emergency care guidance to cabin crew during medical incidents on flights. This software utilizes Bluetooth sensors to monitor vital signs in real time, allowing for the identification and communication of patient conditions, including deterioration and improvement. Founded in 2015 and headquartered in Inverness, United Kingdom, Aiber is dedicated to enhancing emergency response capabilities in aviation through its advanced technology.

Spire.com

Grant in 2019
Spire Global, Inc. specializes in satellite data services, leveraging a constellation of nanosatellites to provide advanced analytics in maritime, aviation, and weather tracking. The company's key products include Spire Sense, which offers ship tracking data for various applications such as trade monitoring and search and rescue, and Spire Stratus, which delivers global weather information. Spire's machine learning and analytics tools assist clients, including mining companies, governmental agencies, and port operators, in tracking vessels and monitoring environmental conditions. Founded in 2012 and headquartered in San Francisco, California, Spire Global also has offices in Glasgow and Singapore, ensuring real-time global coverage and data insights for informed decision-making.

Care Sourcer

Grant in 2019
Care Sourcer Ltd operates an online platform that enables users to search for care home and home care providers. Its platform allows users to search care providers in Birmingham, Edinburgh and Lothians, Glasgow, Gloucester, London, Manchester, Newcastle, and Nottingham/Southampton. Care Sourcer Ltd was founded in 2015 and is based in Edinburgh, United Kingdom.

M Squared Lasers

Grant in 2019
M Squared Lasers develops and manufactures next-generation lasers and photonic instruments that bring new capabilities, higher reliability and greater ease of use to a diverse range of industrial and scientific applications. With a core team that has more than twenty years of experience, and a track record of supplying award-winning products to worldwide markets, M Squared is ideally placed to help solve problems, de-risk your projects and accelerate your applications.

The Victor Pizza Co

Grant in 2019
Victor Pizza Company was established in 1974. The company changed hands to Anne-Marie and Paul Cairney in 2005, and they have transformed the business since then. Due to the continued, strong growth, they outgrew the factory and moved to the current, larger site in 2014. They are now undergoing a further £500,000 investment to upgrade the site to make it even better.

Sense Photonics

Grant in 2019
Sense Photonics, Inc. develops advanced light detection and ranging (LiDAR) solutions for various applications, including autonomous vehicles, drones, and industrial automation. Founded in 2016 and headquartered in Durham, North Carolina, the company specializes in producing LiDAR sensors that utilize lasers to generate 3D maps of environments in diverse conditions, such as day or night and across different weather scenarios. With a focus on reliable, modular, and configurable 3D sensing, Sense Photonics has established a strong technological foundation, backed by over 200 patents. Their solid-state sensors, which contain no moving parts, are designed to meet the stringent performance, reliability, and cost requirements essential for automotive and industrial sectors.

novosound

Grant in 2019
Novosound is the first spin-out company to emerge from the University of the West of Scotland. Novosound specializes in the design and manufacturing of innovative NDT products using groundbreaking, thin-film manufacturing techniques which addresses the limitations of traditional ultrasound. Novosound design and end-to-end manufacturing capabilities enables the development of highly customizable and scalable ultrasound solutions

Soar

Grant in 2019
Soar, which is developing a cloud-based banking platform to be used by credit unions and other not-for-profit banking organisations

Cherwell Software

Grant in 2019
Cherwell improves service experiences across the entire organization through integrated, adaptable technology. Whether addressing customer needs and desires, demonstrating a determination to solve problems, or making a commitment to tell the truth, smarter service is what transforms functional teams into phenomenal ones. Cherwell was founded on the notion that service comes first. And effectively managing service experiences is vital in helping organizations adapt faster, saving precious time and resources.

Incremental Group

Grant in 2018
Incremental Group is a software consultancy and analytics service provider that caters to clients in the oil and gas, financial services, and public sectors. The company specializes in technologies such as Dynamics AX, Citrix, and Microsoft server infrastructure. By offering IT management and consulting services, Incremental Group helps organizations reduce costs and enhance customer engagement, thereby improving overall operational efficiency.

TravelNest

Grant in 2018
TravelNest Limited operates an online platform that enables rental property owners to advertise their properties effectively. Founded in 2014 and based in Edinburgh, United Kingdom, the company focuses on the holiday rentals industry across Europe. It assists property owners in optimizing their listings and identifying the most suitable advertising channels to enhance visibility and attract potential guests. TravelNest was previously known as TouristCo Limited before rebranding in October 2017. Through its innovative approach, the company aims to transform the way rental properties are marketed.

cyclotricity

Grant in 2018
First company to manufactures e-bikes in Britain, also known for UK's best selling electric bike conversion kit. All motors are handmade by Cyclotricity Ltd

GETGUIDED

Grant in 2018
GETGUIDED Ltd is an online platform founded in 2015 and based in Edinburgh, United Kingdom, that connects users with unique tours and experiences through trusted and verified local guides. The platform streamlines the search, booking, and management of private tours and activities for Destination Management Companies (DMCs) and Incoming Operators by providing a closed system that allows them to distribute custom tour requests to their database of local guides efficiently. Each DMC employee can access a user-friendly dashboard to manage bookings, track previous transactions, and communicate directly with suppliers. Additionally, GETGUIDED offers a verified public pool of suppliers, enabling partners to access a wide range of ready-to-book private tours and activities. The platform also features a commission-free marketplace for registered suppliers to advertise their offerings to various industry players, including hotels and travel agencies. Furthermore, GETGUIDED utilizes AI and machine learning algorithms to analyze transaction data, generating valuable reports for clients and suppliers alike.

Synpromics Ltd

Grant in 2018
Synpromics Ltd. develops and commercializes synthetic promoters to control gene expressions and regulations. It serves AgBio researchers, developers, and manufacturers. The company was founded in 2010 and is based in Edinburgh, United Kingdom. As of August 13, 2019, Synpromics Ltd operates as a subsidiary of Asklepios BioPharmaceutical, Inc.

Renovite Technologies

Grant in 2018
RenovITe is a 21st century payment product organization founded by payment experts, offering business solutions which are based on proven frameworks and tailored to evolve with the customer ecosystem. Their core offering is RIPPS the EFT payments switching product and REXA their test automation suite. Their products have been designed to meet the requirements of an agile 21st century payments processor.
A research and development centre that creates advanced image analysis and visualization software .

Bird.i

Grant in 2018
Bird.i collates and disseminates the best of the world’s satellite, airborne and drone imagery in real time, in order to provide insights and data to businesses globally. The high quality, frequency and accuracy of Bird.i’s images are superior even to the likes of Google Maps, meaning that clients can efficiently monitor changes and trends on the ground, helping companies solve problems, make important decisions, gain competitive advantage and plan for the future.

Previse

Grant in 2018
Previse Limited develops and offers a proprietary artificial intelligence (AI) solution that supports instant payments between corporate and SMEs. It product provides a score which is a score the likelihood that a corporate buyer will ultimately pay a supplier’s invoice. The company provides the score to funders, principally banks, and asset managers, which pay the supplier instantly on the buyer’s behalf. The company was incorporated in 2014 and is based in London, United Kingdom.

Invizius

Grant in 2018
Invizius Ltd. is a medical technology company based in Edinburgh, United Kingdom, focused on improving health outcomes for patients undergoing long-term dialysis. Incorporated in 2018, the company has developed H-Guard technology, which aims to reduce the side effects associated with hemodialysis and minimize the risk of cardiovascular disease in these patients. Through its innovative approach, Invizius seeks to enhance patient safety and overall quality of care in renal treatment.

DuPont Teijin Films

Grant in 2017
DuPont Teijin Films is a leading global producer of PET and PEN polyester films, specialising in film products and related services for the Healthcare, Photovoltaics, Durable Labels, Imaging Media, Flexible Electronics, Packaging, Electrical Insulation, Capacitors Industries and many more. We have dedicated marketing, technical and manufacturing operations worldwide

Kenoteq

Grant in 2017
KENOTEQ is a clean tech company, which specialises in building products. KENOTEQ’s first product is an unfired brick with 90% recycled content from demolition and construction waste.

Crossing35

Grant in 2017
Crossing35.com's is an AI enabled platform that helps CEOs tap global markets through cross-border partnerships.

Elasmogen

Grant in 2017
Elasmogen Ltd, a biopharmaceutical company, discovers and develops sight-saving therapies for inflammatory eye diseases. The company develops soloMER that are small (11 kDa) and stable proteins that have squeezed a fourth binding loop into their single domain format and are derived evolutionarily from a non-antibody lineage, placing them outside the complex/competitive antibody patent landscape. Its pipeline includes ELN/21 and ELN/22, which are auto-immune mediated anti-inflammatory programs; soloMER-drug-conjugates; and NDure, a soloMER (humanized clinical candidate) available for extending the plasma half-life of fused partner molecules, such as scFv, peptides, growth factors, single domains, etc. Elasmogen Ltd has strategic partnerships with Almac Discovery Ltd and Merck Inc. The company was founded in 2014 and is based in Aberdeen, United Kingdom.

Odro

Grant in 2017
Odro develops industry specific live video interview software. As of 2018, our flagship product is the Odro Video Interview platform. The platform is designed with recruitment agencies in mind and works with more recruitment agencies than any other provider.

Bird.i

Grant in 2016
Bird.i collates and disseminates the best of the world’s satellite, airborne and drone imagery in real time, in order to provide insights and data to businesses globally. The high quality, frequency and accuracy of Bird.i’s images are superior even to the likes of Google Maps, meaning that clients can efficiently monitor changes and trends on the ground, helping companies solve problems, make important decisions, gain competitive advantage and plan for the future.

Calcivis

Grant in 2015
Calcivis Limited is a dental biologic and device manufacturing company based in Edinburgh, United Kingdom, established in 2012. The company focuses on addressing tooth decay and promoting preventive dentistry through innovative technology. Its flagship product, the CALCIVIS imaging system, enables live visualization of active tooth demineralization. This system utilizes CALCIVIS photoprotein, which reacts to free calcium ions released from demineralizing tooth surfaces, producing light as an indicator. The imaging device captures images of these surfaces, assisting in the assessment and diagnosis of caries and other demineralization conditions. By providing real-time insights into dental health, Calcivis supports preventive dentistry approaches. The company was co-founded through collaboration with the University of Dundee and LUX Innovate, acquiring the relevant technology and intellectual property to advance its mission.

Spire.com

Grant in 2015
Spire Global, Inc. specializes in satellite data services, leveraging a constellation of nanosatellites to provide advanced analytics in maritime, aviation, and weather tracking. The company's key products include Spire Sense, which offers ship tracking data for various applications such as trade monitoring and search and rescue, and Spire Stratus, which delivers global weather information. Spire's machine learning and analytics tools assist clients, including mining companies, governmental agencies, and port operators, in tracking vessels and monitoring environmental conditions. Founded in 2012 and headquartered in San Francisco, California, Spire Global also has offices in Glasgow and Singapore, ensuring real-time global coverage and data insights for informed decision-making.

Elasmogen

Grant in 2014
Elasmogen Ltd, a biopharmaceutical company, discovers and develops sight-saving therapies for inflammatory eye diseases. The company develops soloMER that are small (11 kDa) and stable proteins that have squeezed a fourth binding loop into their single domain format and are derived evolutionarily from a non-antibody lineage, placing them outside the complex/competitive antibody patent landscape. Its pipeline includes ELN/21 and ELN/22, which are auto-immune mediated anti-inflammatory programs; soloMER-drug-conjugates; and NDure, a soloMER (humanized clinical candidate) available for extending the plasma half-life of fused partner molecules, such as scFv, peptides, growth factors, single domains, etc. Elasmogen Ltd has strategic partnerships with Almac Discovery Ltd and Merck Inc. The company was founded in 2014 and is based in Aberdeen, United Kingdom.

TeamRock

Grant in 2013
TeamRock Radio is freely available for all of your stalking/following needs on the big social media channels.

Feusd Ltd

Grant in 2012
Feusd is a startup company that provides cloud-based membership software for enterprises. It empowers people and organizations by connecting them around their professions, industries, activities, and causes. Feusd is a U.K.-based company that was founded in 2011 by Tom Inglis.