Scottish Enterprise

Scottish Enterprise, established in 1991, is Scotland's principal economic development agency, operating as a non-departmental public body of the Scottish Government. Its mission is to stimulate Scotland's economic growth by fostering an innovative, high-wage, and productive economy with a strong international presence. The agency partners with both public and private sectors to identify and capitalize on opportunities that drive significant, lasting economic impact. Scottish Enterprise provides comprehensive support to businesses, including helping companies secure appropriate finance, strengthening management teams, and facilitating growth and export initiatives. It works closely with Scottish SMEs, as well as UK and international investors, such as business angels, venture capital groups, and corporate investors. The agency operates across Scotland in collaboration with Highlands and Islands Enterprise, aiming to increase the supply of finance for businesses and support the SME funding market.

Reuben Aitken

Managing Director, International Operations

Rhona Allison

Managing Director, Business Growth

Victoria Carmichael

Commercial Director

Mark Hallan

Global Director, Strategic Relationships

Linda Hanna

Managing Director

Jane Martin

Managing Director Of Business Services

Jim McFarlane

Managing Director of Operations

Kerry Sharp

Director of Entrepreneurship and Investment

Charlie Smith

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

Susan Armes

Senior Investment Manager

684 past transactions

Ace Aquatec

Venture Round in 2025
Ace Aquatec Limited is a company focused on providing innovative technological solutions to the aquaculture and marine industries. Established in 1999 and headquartered in Dundee, United Kingdom, with additional offices in Scotland and Canada, Ace Aquatec specializes in several key areas, including acoustic marine mammal deterrents, humane electrical fish stunning equipment, and underwater 3D cameras for biomass measurement. Their products are designed to enhance animal welfare and promote responsible marine practices. The US3 model of acoustic deterrent serves the fish farming sector by offering advanced features such as data logging and sonar triggering, while the MMD model targets longline fishermen and offshore platforms involved in activities like pile driving and oil spill responses. Through these innovations, Ace Aquatec aims to support sustainable practices in aquaculture and marine operations globally.

CSignum

Series A in 2025
CSignum specializes in wireless communications solutions, digitization of subsea assets, and actionable insights for ocean industries.

Moblyze

Seed Round in 2025
Moblyze is a pioneering talent marketplace application tailored specifically for the energy sector. It connects skilled freelance workers with local projects, facilitating a streamlined process for both job seekers and project managers. Users can register and create profiles, allowing them to manage their careers efficiently from a single platform. By focusing on the energy transition, Moblyze addresses the unique workforce needs of this evolving industry, ensuring that companies have access to the right talent while providing freelancers with opportunities that align with their skills and expertise.

Green Bioactives

Grant in 2025
Green Bioactives is a company focused on sustainable biomanufacturing, specializing in the production of plant biomolecules through a cell-based platform. This innovative approach involves identifying, isolating, and cultivating plant vascular stem cells, allowing for the development of bioactive molecules suitable for various commercial applications. The company's technology aims to provide new solutions for the cosmetic, pharmaceutical, food, and agricultural sectors, addressing the global demand for efficient and sustainable food production. By leveraging natural plant biochemistry, Green Bioactives offers a reliable and economical alternative to traditional methods, promoting sustainability in multiple industries.

Mask Logic

Grant in 2025
Mask Logic is a manufacturer of personalized protective gear specializing in respirators designed for safety and comfort. The company focuses on creating masks that offer respiratory protection, aiming to enhance health and safety in various workplace environments. By providing effective barriers against airborne health hazards, Mask Logic enables users to work with reduced risk of exposure to harmful particles, thus prioritizing the well-being of individuals in diverse settings.

Aurora Avionics

Seed Round in 2025
Aurora Avionics is engaged in the manufacture of avionics systems for air and spacecraft, focusing on flexible and modular platforms designed for launch vehicles. The company specializes in creating electrical systems essential for flight operations, as well as fault-tolerant hardware. This expertise allows space agencies to obtain standardized and universal control systems, facilitating the development of launch vehicles. By providing reliable and adaptable avionics solutions, Aurora Avionics supports the advancement of aerospace technology and the efficiency of space missions.

Lentitek

Seed Round in 2025
Lentitek is a biotechnology company focused on developing gene and gene-modified cell therapies, particularly aimed at treating cancer. The company is dedicated to enhancing the accessibility of innovative cures by increasing the yield of lentiviral vectors, which are critical for gene therapy applications. Lentitek employs a proprietary method that utilizes a novel promoter to significantly boost lentiviral production, potentially increasing yields by tenfold or more. This innovative approach not only improves the efficiency of lentivirus production but also aims to reduce overall production costs for healthcare providers, thereby facilitating broader availability of advanced therapeutic options for patients.

Airglove Medical

Seed Round in 2025
Airglove Medical provides the wrapmaster cling film and foil dispenser. They have developed new airglove technology with a USB port, x3 LED magnification lamp, and multi-voltage that makes it easier to access intravenous lines for venipuncture and IV access.

UFraction8

Venture Round in 2025
uFraction8 specializes in scalable bioprocessing technology that enhances biomass filtration, separation, and dewatering. The company's innovative approach utilizes microfluidic devices to efficiently process a wide range of microbes, including microalgae, yeast, and bacteria. Unlike traditional methods such as centrifuges, filters, and membranes, uFraction8's technology sorts biomass from culture media without causing harm and without the use of flocculants. This advanced cell separation technology enables industries to achieve higher throughput and reduce costs compared to conventional liquid processing methods. By focusing on industrial-scale applications, uFraction8 provides solutions that streamline operations in various sectors while maintaining efficiency and effectiveness.

ESG360°

Grant in 2025
ESG360° is an online tool for integrating ESG data and targets into business. They help large businesses gather and interpret primary value chain data in order to promote informed decision-making for effective risk reduction and opportunity capitalization.

United Kingdom Testing and Certification

Grant in 2025
United Kingdom Testing and Certification provide solutions for end-to-end testing, inspection and full fire certification.

Highland Heritage Woodworks

Grant in 2025
Highland Heritage Woodworks engages in timber industry, dedicated to demonstrating the untapped potential of locally-sourced timber.

Sisaltech

Seed Round in 2025
Sisaltech a natural fiber from the Agave plant, is durable, biodegradable, and has low environmental impact in production. Sisaltech makes the use of these in building insulation a very eco-friendly choice.

Dyneval

Grant in 2025
Dyneval specializes in portable technology for the analysis of cattle semen quality. Its innovative system measures semen motility in conditions that closely mimic natural environments, providing valuable insights into sperm behavior. By utilizing dynescan data, Dyneval's technology assists in formulating breeding plans and verifying semen quality throughout the supply chain. This approach aims to enhance livestock production, thereby contributing to food security while also addressing environmental concerns by reducing methane emissions. Ultimately, Dyneval's solutions help farmers minimize losses associated with low conception rates.

Scotmas

Venture Round in 2025
Manufacturer of chemicals catering to agriculture, Healthcare, vertical farming and other industries. The company specializes in chlorine dioxide products, dosing systems and other related products to its clients.

Kaly Group

Seed Round in 2024
Kaly is a seaweed farming company focused on providing nature-based solutions to significant environmental challenges. It operates its own farms to cultivate seaweed, which is processed into biostimulants and serves various industries, including food, animal feed, and fertilizers. Kaly's vertical integration allows it to supply bio-based feedstock for a range of applications, including plastic alternatives, cosmetics, pharmaceuticals, and textiles. The company combines a commitment to sustainability with innovative practices, aiming to address pressing ecological issues while promoting the diverse uses of seaweed.

Bettii Pod

Seed Round in 2024
Bettii Pod is a pioneering FemTech start-up that creates a one-of-a-kind menstruation cup and disc washer for use in public restroom stalls.Bettii Pod's primary product, the menstrual cup/disc washer, is a step forward in normalizing discussions about menstruation and increasing availability to eco-friendly menstrual choices.

Concinnity Genetics

Seed Round in 2024
Concinnity Genetics transforms the safety of gene therapies by designing novel control mechanisms using an AI platform.

Biotangents

Venture Round in 2024
Biotangents Ltd., founded in 2015 and based in Glasgow, United Kingdom, specializes in designing and building biological pathways for the production of valuable natural materials. The company utilizes its proprietary Leapfrog Assembly platform to create complex genetic constructs from various DNA components. Among its innovations is the development of terpenoid biosynthesis strains and the Short Sequence Randomisation technology for DNA randomisation. Biotangents has also conceptualized Moduleic Sensing, a modular cell-free nucleic acid detection technology, which led to the creation of a diagnostic test for identifying infectious diseases in livestock. This veterinary diagnostic device employs isothermal amplification technology, enabling precise detection without significant technical demands and allowing for quick adaptation to new targets. The solutions provided by Biotangents aim to mitigate the impact of infectious diseases in livestock, thereby enhancing the efficiency of animal protein production.

Cytomos

Venture Round in 2024
Cytomos Limited is a biotechnology company based in Edinburgh, United Kingdom, that specializes in developing advanced cell sorting devices for laboratory research and clinical diagnostics. Founded in 2011, the company utilizes its patented Dielectric Spectroscopy (CDS) technology to enable label-free cell analysis, providing detailed insights at single-cell resolution. This technology supports various applications in biopharma and cell therapy by facilitating automated, quantitative assessments of samples and enhancing phenotypic drug discovery. Cytomos’ system is designed to scale across all upstream production stages, leveraging machine learning algorithms to analyze extensive data from individual cells, thus improving the efficiency of cell-based diagnostics and enabling researchers to optimize therapeutic dosing.

Novosound

Venture Round in 2024
Novosound Ltd is a company based in Edinburgh, United Kingdom, that specializes in manufacturing printable ultrasound sensors for various sectors, including aerospace, oil and gas, industrial, medical, veterinary, and dental applications. Founded in 2016, it emerged as the first spin-out from the University of the West of Scotland. Novosound employs innovative thin-film manufacturing techniques to overcome the limitations of traditional ultrasound technology, allowing for the development of highly customizable and scalable ultrasound solutions. The company's offerings include sensors, systems, and software designed to facilitate high-resolution imaging and measurement, particularly in non-destructive testing and medical fields.

Neuranics

Grant in 2024
Neuranics is a company focused on developing advanced magnetic sensors integrated with semiconductor technology for applications in health, fitness, and the metaverse. Their proprietary technology is designed to detect minute magnetic impulses produced by the body's organs, utilizing scalable spintronics sensors. This innovative approach aims to address the limitations of current health monitoring devices and enhance human-machine interfaces. By leveraging magnetic sensing, Neuranics seeks to improve the interaction with the central, peripheral, and autonomic nervous systems, as well as muscles, thereby offering significant advancements for healthcare companies in creating next-generation wearable and implantable devices.

Invizius

Venture Round in 2024
Invizius is a biotech company focused on enhancing extracorporeal treatments for patients, particularly in the areas of dialysis, cardiopulmonary bypass, and ECMO. The company has developed H-Guard, an advanced hemocompatible coating designed to mitigate foreign body reactions in the bloodstream. This innovative coating acts as an anti-inflammatory treatment that lines the inside of dialysis filters, allowing the process to occur without triggering the body's immune response. By suppressing unwanted innate immune reactions, Invizius aims to reduce the risk of cardiovascular disease among patients undergoing long-term dialysis. The company's efforts are positioned to revolutionize the way dialysis and other extracorporeal treatments are administered, improving patient outcomes and overall treatment efficacy.

Triyit

Venture Round in 2024
Triyit Ltd. is a UK-based company that specializes in test marketing services, enabling brands to gather valuable feedback on products from their target audiences prior to launch. Established in 2016 and located in Paisley, Triyit operates a product discovery club that offers consumers the opportunity to try a curated selection of new products at no cost. The platform not only facilitates in-home sampling but also provides detailed product descriptions and insights into lifestyle preferences. This approach allows consumers to discover products that suit their needs while assisting brands in analyzing and refining their marketing strategies for improved market reach and growth.

MiAlgae

Series A in 2024
MiAlgae Ltd, founded in 2016 and based in Edinburgh, United Kingdom, specializes in producing microalgal products aimed at replacing fishmeal in livestock feeds. The company focuses on creating nutrient-rich microalgae, which are high in omega-3 fatty acids and proteins essential for aquaculture and other livestock. By utilizing wastewater remediation in their production process, MiAlgae implements a circular economy approach that lowers operating costs and enhances sustainability. Their innovative methodology not only provides a viable alternative to traditional fishmeal but also supports more sustainable practices in the livestock feed industry, which is valued at £340 billion globally.

Exergy3

Pre Seed Round in 2024
Exergy3 is an energy storage company that increases energy efficiency and reduces carbon dioxide emissions from industrial processes. It is a spinout from the University of Edinburgh.

Solasta Bio

Series A in 2024
Solasta Bio specializes in the development of environmentally friendly agricultural products focused on crop protection. The company offers a range of biological pesticides and neuropeptide-based insect control solutions designed to address the challenges posed by pests, including those resistant to traditional synthetic chemicals. By providing effective natural alternatives, Solasta Bio aims to assist farmers in managing pest populations while enhancing crop production sustainably and safely. Its innovative approach aligns with the growing global demand for effective and eco-conscious agricultural practices.

ILC Therapeutics

Venture Round in 2024
ILC Therapeutics Ltd is a biotechnology company based in Lanarkshire, United Kingdom, specializing in the modulation of the innate immune system through the development of novel peptide therapeutics. Founded in 2012 and formerly known as Alfacyte Limited, the company focuses on creating hybrid interferons, which are innovative medicines that combine features from various natural interferon subtypes. These hybrid molecules aim to enhance therapeutic efficacy and improve safety across several high-value areas, including cancer, atopic dermatitis, psoriasis, and COVID-19. By advancing this new class of therapeutics, ILC Therapeutics seeks to improve patient outcomes and contribute to the treatment of challenging diseases.

Rockit Tech

Grant in 2024
Heriot-Watt University's "Rockit" technology prevents unwanted leaks of greenhouse gases (methane, CO2), flammables, poisons, carcinogens (hydrocarbon gas, H2S, mercury vapour), and stored gases (hydrogen, CO2) from escaping into the atmosphere via dug wells.

HonuWorx

Seed Round in 2024
HonuWorx is a technology company specializing in autonomous systems designed to enhance the efficiency and sustainability of robotic operations. The company's innovative software platform utilizes an edge-cloud architecture to facilitate communication and control among geographically distributed stakeholders, enabling them to monitor and manage robotic systems even when they are beyond line-of-sight. HonuWorx develops subsea robotics that support unmanned marine operations, significantly reducing dependence on large, costly manned vessels. By integrating off-the-shelf technologies, the company promotes lean operations and minimizes travel needs for offshore work, thereby aiding industries in restoring, exploring, and sustainably commercializing ocean resources.

Nandi Proteins

Convertible Note in 2024
Nandi Proteins Limited is a technology-driven company based in Edinburgh, United Kingdom, focused on enhancing the functional properties of proteins in food manufacturing and nutrition. Established in 2000 and spun out of Heriot Watt University in 2001, the company specializes in patented processes that improve common proteins such as whey, egg, and soy. Nandi Proteins aims to be a leader in denatured protein technology, facilitating growth through direct trading of value-added proteins and strategic licensing agreements with industry partners. Its innovative approach employs a combination of heat, time, and temperature control to modify proteins, enabling food and beverage manufacturers to achieve desirable characteristics and health benefits while efficiently extracting valuable components like enzymes.

Metacarpal

Seed Round in 2024
Metacarpal specializes in the development of innovative bionic prosthetic hands designed to enhance the quality of life for individuals with limb differences. Their pioneering technology features fully mechanical prostheses capable of variable grips, allowing users to effortlessly switch between different hand positions for various tasks. This adaptability ensures a secure grip on objects of varying shapes and sizes, complemented by a grip lock feature for added stability. By integrating intuitive control mechanisms reminiscent of body-powered devices, Metacarpal aims to provide users with a natural and responsive experience. In addition to serving individuals in developed regions, the company is committed to supplying prosthetics to underprivileged communities in the developing world, addressing a critical need for accessible assistive technology.

Chromacity

Seed Round in 2024
Chromacity Ltd. is a company based in Edinburgh, United Kingdom, that specializes in the development, manufacture, and distribution of wavelength tunable femtosecond lasers for various applications in life sciences and spectroscopy. The company's product lineup includes several advanced laser systems, such as the Spark 1030-nm and Spark-HP 1040-nm femtosecond lasers, which are designed for high performance and versatility. Additionally, Chromacity offers femtosecond optical parametric oscillators (OPOs), such as the Spark-OPO and Spark-ultra, which produce tunable femtosecond pulses across a broad range of wavelengths. The technology is built on robust, patent-pending fiber-laser innovations, providing reliable and user-friendly operation through an embedded web server. Chromacity also collaborates with systems manufacturers to supply custom OEM femtosecond and picosecond lasers tailored to specific engineering and materials processing needs. Founded in 2013 as a spin-out from Heriot-Watt University, the company leverages over 40 years of expertise in ultrafast lasers and serves clients in North America, the United Kingdom, the Middle East, and beyond.

Shot Scope

Series B in 2024
Shot Scope is a company based in Edinburgh, United Kingdom, that specializes in developing performance-tracking devices for golfers. Its technology is designed to collect and analyze various statistics from golf games, allowing players to improve their performance by identifying areas of weakness. The device provides insights into club distances, approaches, short games, tee shots, and putting, enabling golfers to make informed decisions during play and tailor their practice sessions accordingly. The company has been conducting trials on UK golf courses and anticipates a general release of its product.

Aveni

Series A in 2024
Aveni is a video conferencing company that utilizes artificial intelligence and natural language processing to enhance client engagement for financial advisors. Its platform features a GPT-powered AI assistant that automates various tasks, including CRM functions and live risk monitoring. By providing tools for identifying risks and improving compliance, Aveni enables advisors to streamline their operations, increase efficiency, and better serve their clients while meeting regulatory requirements.

University of Dundee Endowment

Grant in 2024
The University of Dundee is an esteemed educational institution located in Dundee, United Kingdom, recognized for its excellence in Biological Sciences, ranking among the best in the U.K. and internationally. The university manages an endowment fund, the earnings from which are directed towards supporting various academic initiatives, including scholarships, professorships, and fellowships. These funds also contribute to basic research and enhance both academic and public service programs. The endowment's assets are overseen by the university's executive management team, ensuring that the financial resources effectively support the institution's mission and strategic goals.

Mirna

Series A in 2024
Mirna is a veterinary diagnostics company that specializes in the development of veterinary disease testing technology.

ŌGI Bio

Seed Round in 2024
ŌGI Bio is a start-up company emerging from The University of Edinburgh, focused on transforming microbial cultivation and management. The company has developed a modular culturing system that aims to replicate traditional manual flask culturing methods. This innovative system consists of a base unit, which can be customized with retrofittable modules that allow users to add or remove features according to their specific measurement and control needs during the culturing process. By offering this flexible approach, ŌGI Bio seeks to enhance the efficiency and effectiveness of microbial research and applications.

Vector Photonics

Seed Round in 2024
Vector Photonics is a spin-out company from the University of Glasgow, located in Glasgow, Scotland, a notable center for optical and photonics innovation. The company specializes in developing advanced semiconductor laser technology aimed at enhancing data communications and additive manufacturing processes, including metal and plastic printing. Its innovative approach centers on photonic crystal surface-emitting lasers, which are cost-effective and emit light from their top surface, similar to vertical-cavity surface-emitting lasers (VCSELs). This design facilitates easy packaging and integration into printed circuit boards (PCBs) and electronic assemblies, allowing various industries to seamlessly adopt this semiconductor laser technology into their operations.

Sofant

Venture Round in 2024
Sofant is focused on developing advanced radio-frequency microelectromechanical systems (RF MEMS) technology aimed at addressing power consumption and heat management challenges in high-frequency phased array antenna systems. The company specializes in creating smart antenna solutions for mobile devices and is actively involved in the millimeter-wave market, which includes applications for fifth-generation communications and satellite communications. By integrating its patented technology with innovative antenna designs and machine learning algorithms, Sofant enables organizations to lower costs and simplify the complexities associated with state-of-the-art antenna designs.

SymphoMe

Grant in 2024
SymphoMe is an innovative music education platform designed to revolutionise the way music is taught and learned. Utilising advanced AI-driven multimodal music teaching technology, SymphoMe provides a personalised, engaging, and effective learning experience for music students and teachers alike.

Aurora Avionics

Pre Seed Round in 2024
Aurora Avionics is engaged in the manufacture of avionics systems for air and spacecraft, focusing on flexible and modular platforms designed for launch vehicles. The company specializes in creating electrical systems essential for flight operations, as well as fault-tolerant hardware. This expertise allows space agencies to obtain standardized and universal control systems, facilitating the development of launch vehicles. By providing reliable and adaptable avionics solutions, Aurora Avionics supports the advancement of aerospace technology and the efficiency of space missions.

Heero Technologies

Convertible Note in 2024
Heero Technologies is a company that focuses on enhancing energy efficiency in residential properties. It provides a comprehensive platform that simplifies the energy retrofit process for homeowners, offering personalized recommendations to improve home energy performance. The company addresses common challenges associated with energy retrofits, such as the disruption caused by invasive measures and the complexities of financing options. By enabling lenders and installers to better differentiate their services, Heero Technologies facilitates the adoption of renewable technologies in privately owned homes, ultimately aiming to reduce emissions and create a more streamlined user experience in energy improvements.

ULEMCo

Venture Round in 2024
ULEMCo Limited is a company based in Liverpool, United Kingdom, that focuses on retrofitting hydrogen hybrid combustion technology for commercial vehicles. Established in 2014, ULEMCo specializes in converting diesel transit vans and other heavy-duty vehicles to operate on a hydrogen-diesel mix, thereby promoting a transition to cleaner fuel alternatives. The company also conducts research and development aimed at creating zero-emission hydrogen engines and fuel cell vehicles, which include specialized applications such as ambulances, fire engines, and refuse trucks. By advancing hydrogen technology, ULEMCo aims to support the automobile industry in reducing air pollution and enhancing environmental sustainability.

Nami Surgical

Seed Round in 2024
Nami Surgical provides robotic surgery technology solutions to enhance patient care while giving surgeons intuitive, high-performance moveable instruments.

Nebu-Flow

Venture Round in 2024
Nebu-Flow is a manufacturer focused on developing advanced inhaled drug delivery systems for patients with respiratory disorders. The company specializes in innovative technology that controls droplet size to enhance deep lung deposition, facilitating effective drug delivery through inhalation. This technology not only targets existing formulations but also accommodates emerging therapeutics, including biologics, nanomedicines, and vaccines. By enabling injection-free systemic drug delivery, Nebu-Flow aims to improve treatment options for various respiratory, cardiovascular, and central nervous system conditions. The company is also dedicated to minimizing its environmental impact while ensuring its nebulizers remain user-friendly and high-performing.

Glen Clova Scientific

Seed Round in 2024
Glen Clova Scientific is focused on developing a new generation of active biological drugs that aim to create natural antibodies against harmful targets. These innovative drugs are designed to improve the treatment of chronic diseases by minimizing the need for safety monitoring and reducing the frequency of dosing. As a result, patients benefit from a more cost-effective treatment approach, while the company also seeks to address healthcare challenges in markets with limited infrastructure.

Phlo

Venture Round in 2024
Phlo is a digital pharmacy based in London, England, established in January 2019 by Nadeem Sarwar. The company specializes in delivering NHS and private prescriptions directly to patients, focusing on both repeat and acute prescriptions. Phlo's platform allows users to create accounts, manage their medical records, receive prescriptions, and request medications online. By leveraging technology and analytics, Phlo aims to enhance the patient experience, offering real-time, on-demand delivery that saves time and eliminates the need for in-person visits to pharmacies. The service is designed to provide a safe and secure way for patients to access prescription and over-the-counter medications from the comfort of their homes.

EnteroBiotix

Series B in 2024
EnteroBiotix Limited is a biotechnology company based in Edinburgh, United Kingdom, founded in 2017. It specializes in researching, developing, and commercializing orally available products for fecal microbiota transplantation. The company creates microbiome-modulating drugs composed of bacterial communities derived from the human gastrointestinal tract, aimed at restoring health and preventing bacterial infections. EnteroBiotix focuses on addressing serious unmet medical needs by offering tailored high-diversity microbial therapeutics, which help physicians prevent and treat debilitating infections and diseases linked to imbalances in gut bacteria.

Bright Ascension

Convertible Note in 2024
Bright Ascension Ltd. is a Dundee-based company founded in 2011 that specializes in the research and development of software and hardware tailored for the space industry. The company offers a unified software platform and tool suite designed to facilitate the efficient integration of various space systems, including satellites and service delivery applications. By utilizing a customizable library of components, Bright Ascension avoids a one-size-fits-all approach, allowing clients to create solutions that meet their specific needs. This strategy not only lowers the total cost of ownership for clients but also enhances the potential of space missions by providing comprehensive end-to-end solutions.

SMASH

Seed Round in 2024
SMASH exploits a gap in the creative industries and transforms the way content is pitched and discovered. SMASH introduces standardised pitch tools and easily accessed sales projections. It equips content creators with a new generation of digital tools including a Pitch Builder, Pitch Protector, Sales Estimator, Automated Legal Templates and Talent Discoverer on one easy-to-use platform. SMASH launches in the film & TV industries before moving into web series, short-form content, music videos, VR, games.

Staffscanner

Grant in 2024
Staffscanner Outstaffing digital agency

QuickBlock

Seed Round in 2024
QuickBlock is a manufacturer of modular building systems made from recycled plastic, providing an alternative to traditional concrete blocks. Its innovative flat-packed building blocks are designed for various temporary construction projects, including those in the defense and military sectors, agricultural buildings, and shelter structures. By utilizing recycled materials, QuickBlock aims to promote sustainability in construction while offering cost-effective solutions to users.

ITZA

Grant in 2024
ITZA is a digital platform that facilitates self-directed learning by providing personalized data, incentives, and engaging, sustainability-focused content. Aimed primarily at teens, ITZA simplifies the learning process through an e-learning platform that incorporates quizzes and immersive virtual teaching. The company collaborates with renowned schools and universities globally, enabling young learners to explore their interests and build knowledge and confidence in a flexible online environment. By focusing on motivational content and innovative educational technology, ITZA supports independent learning for individuals of all ages.

ITZA

Venture Round in 2024
ITZA is a digital platform that facilitates self-directed learning by providing personalized data, incentives, and engaging, sustainability-focused content. Aimed primarily at teens, ITZA simplifies the learning process through an e-learning platform that incorporates quizzes and immersive virtual teaching. The company collaborates with renowned schools and universities globally, enabling young learners to explore their interests and build knowledge and confidence in a flexible online environment. By focusing on motivational content and innovative educational technology, ITZA supports independent learning for individuals of all ages.

Kingdom Technologies

Grant in 2024
Kingdom Technologies Ltd. is a company based in Glasgow, United Kingdom, established in 2018. It specializes in the development and manufacturing of robotic lawn mowers designed specifically for large terrains. The innovative approach taken by Kingdom Technologies aims to enhance lawn care efficiency through automation, catering to a growing demand for advanced landscaping solutions.

ilosta

Venture Round in 2024
Ilosta specializes in developing novel technology to reduce the cost, time, and dangers associated with monitoring the health of engineering structures and extending their lifespan without requiring human intervention.

Tymor Marine

Grant in 2024
Tymor Marine is a maritime technology and naval architecture consulting firm.

Flock Mobility

Grant in 2024
Flock Mobility is a UK-based B2B cleantech company backed by the European Space Agency. Its AI-driven EV fleet platform helps organisations run cleaner, more efficient shared transport services by optimising vehicle utilisation, routing, and booking. Flock empowers operators and partners to reduce emissions, cut costs, and increase access through smart, demand-responsive mobility.

Sellmyartworks

Venture Round in 2024
SellmyArtworks is to buy and sell pre-loved artwork in a simple, fast, and affordable way like no other pre-owned art seller.

Carcinotech

Seed Round in 2024
Carcinotech is transforming cancer research through the innovative production of 3D-printed micro-tumours derived from patient biopsies, primary cells, immune cells, and cancer stem cells. This technology facilitates rapid, ethical, and precise drug screening as well as pre-clinical and personalized medicine testing. By leveraging tissue engineering and advanced robotic manufacturing, Carcinotech creates highly predictive, assay-ready tumours that reflect the unique cancer heterogeneity of individual patients. This approach aims to enhance the drug screening process and expedite the development of more effective cancer treatments. Collaborating with global partners, including leading pharmaceutical companies, surgeons, pathologists, and clinicians, Carcinotech is dedicated to advancing oncology drug development and improving treatment outcomes for cancer patients, ultimately increasing their chances of survival.

Aurum Biosciences

Venture Round in 2024
Aurum Biosciences Ltd is a pharmaceutical company based in Glasgow, United Kingdom, specializing in the development of innovative treatments for various clinical conditions with significant unmet medical needs. Founded in 2010, the company is focused on its lead product, ABL101, which is aimed at managing acute ischaemic stroke. This product incorporates a unique perfluorocarbon technology that carries oxygen to organs and tissues, independent of hemoglobin levels. Aurum also utilizes proprietary image analysis software in conjunction with magnetic resonance imaging to enhance the assessment of stroke patients. The company is in the final stages of preclinical development and plans to initiate clinical studies to evaluate the efficacy and safety of ABL101 soon. Additionally, Aurum is exploring follow-on programs targeting heart disease, cancer, epilepsy, and dementia, demonstrating its commitment to addressing diverse health challenges.

Flowcopter

Grant in 2024
Flowcopter is currently enabling long-range, big payload logistics. Providing a strong platform for humanitarian and environmental applications that can operate in the most harsh environments.

Intelligent Growth Solutions

Series C in 2024
Intelligent Growth Solutions Ltd, founded in 2013 and based in Dundee, United Kingdom, specializes in developing and providing advanced vertical farming technology for indoor food production in diverse locations. The company offers a plug-and-play platform that includes an indoor vertical farming demonstration facility equipped with an Internet of Things (IoT)-enabled power and communications system. This system incorporates patented electrical, electronic, and mechanical technologies designed to create optimal growing conditions for plants. Intelligent Growth Solutions is committed to continuous innovation and practical design, challenging conventional approaches to agricultural technology.

Trojan Energy

Venture Round in 2024
Trojan Energy Limited, established in 2016 and headquartered in Stonehaven, United Kingdom, specializes in providing innovative charging infrastructure solutions for electric vehicles. The company focuses on the development of on-street flat and flush charging points, addressing the challenges faced by vehicle owners who lack access to off-street parking. This system allows drivers to park their vehicles in available street spaces and utilize an on-street charging lance, thereby enhancing the convenience and practicality of electric vehicle usage. Trojan Energy aims to support the widespread adoption of electric vehicles by ensuring that charging options are accessible to all, regardless of their parking situation.

Medical Device Manufacturing Centre

Grant in 2023
Medical Device Manufacturing Centre provides medical device developers and manufacturers with the advice, technical expertise, and facilities essential for companies that are seeking to translate medical device concepts into commercial products.

Lind

Seed Round in 2023
Lind is a company specializing in battery storage transformation, aiming to reduce carbon emissions through innovative, patented technology that stores green electricity. Its energy transition systems harness the potential of water-filled heating systems, allowing for the efficient storage and use of renewable energy in residential and commercial settings. Additionally, Lind's technology supports larger-scale battery systems tailored for shipping companies, particularly effective in hot climates, where these systems can function independently within shipping containers. This approach not only facilitates energy storage but also contributes to lowering overall costs in energy management.

Ingenious Audio

Venture Round in 2023
Ingenious Audio Ltd is a Scottish startup that specializes in designing and manufacturing audio electronics. Founded in 2010 and headquartered in Edinburgh, the company has developed an innovative product known as the invisible guitar cable. This compact plug-in device transforms traditional analogue audio equipment, such as electric guitars and amplifiers, into Wi-Fi-enabled devices. The invisible guitar cable facilitates wireless connections between existing guitars and amplifiers, allowing users to utilize wireless effect pedals for the first time. Additionally, it enables seamless connections to any Wi-Fi-enabled PC, effectively replacing the need for costly recording and audio effects equipment. This technology also allows for the sharing of audio over the internet, enhancing the versatility of audio production and performance.

Glox Therapeutics

Seed Round in 2023
Glox Therapeutics is a company that is pioneering the development of precision antibiotic therapies based on naturally occurring bacteriocins.

Mocean Energy

Venture Round in 2023
Mocean Energy, founded in 2015 and based in Edinburgh, United Kingdom, specializes in developing innovative technologies that harness wave energy to promote a transition to a zero-carbon future. The company focuses on an energy converter that enhances the generation and utilization of electricity from renewable sources. This converter drives a power take-off mechanism that transforms kinetic energy from ocean waves into electricity. As a result, Mocean Energy enables customers to access reliable and affordable renewable energy to power various subsea applications, including control systems, remotely operated vehicles, and autonomous underwater vehicles.

Trojan Energy

Grant in 2023
Trojan Energy Limited, established in 2016 and headquartered in Stonehaven, United Kingdom, specializes in providing innovative charging infrastructure solutions for electric vehicles. The company focuses on the development of on-street flat and flush charging points, addressing the challenges faced by vehicle owners who lack access to off-street parking. This system allows drivers to park their vehicles in available street spaces and utilize an on-street charging lance, thereby enhancing the convenience and practicality of electric vehicle usage. Trojan Energy aims to support the widespread adoption of electric vehicles by ensuring that charging options are accessible to all, regardless of their parking situation.

Beta Bugs

Venture Round in 2023
Beta Bugs is an insect genetics company focused on developing high-performance breeds of Black Soldier Fly for insect farmers. The company's primary mission is to enhance the productivity of the insect protein sector, making it competitive with traditional feed ingredients such as fishmeal and soymeal. To achieve this, Beta Bugs operates a breeding program called HiPer-Fly® and runs an egg production site known as The Multiplier®, supplying its breeds to both UK and international markets. By leveraging biotechnology and breeding techniques, Beta Bugs aims to establish a sustainable protein source that converts food waste into high-quality protein for use in livestock, aquaculture, and pet feed, thereby providing an alternative to conventional feed sources. The company is headquartered at the Easter Bush Campus, collaborating with the Roslin Institute, a leader in animal genetics.

Cyacomb

Venture Round in 2023
Cyacomb is a software company that specializes in forensic analysis tools aimed at assisting law enforcement agencies in identifying and blocking harmful digital content. Its innovative software employs contraband filter technology, which allows for the rapid detection of illegal material in existing national databases. This technology significantly enhances the speed of digital forensics, enabling police forces to uncover crucial evidence on computers in a matter of minutes rather than days. By providing these advanced solutions, Cyacomb supports law enforcement, social media platforms, and cloud service providers in their efforts to combat criminal activities related to pedophilia and terrorism.

Heero Technologies

Seed Round in 2023
Heero Technologies is a company that focuses on enhancing energy efficiency in residential properties. It provides a comprehensive platform that simplifies the energy retrofit process for homeowners, offering personalized recommendations to improve home energy performance. The company addresses common challenges associated with energy retrofits, such as the disruption caused by invasive measures and the complexities of financing options. By enabling lenders and installers to better differentiate their services, Heero Technologies facilitates the adoption of renewable technologies in privately owned homes, ultimately aiming to reduce emissions and create a more streamlined user experience in energy improvements.

Trickle

Seed Round in 2023
Trickle is an employee engagement and well-being platform that facilitates open communication within large organizations. It allows employees to express their concerns, challenges, and suggestions, fostering an environment where they feel valued and recognized for their contributions. The platform collects daily feedback and insights from employees, which are then conveyed to management. This process promotes transparency and encourages meaningful conversations, ultimately helping organizations improve collaboration and create healthier, more productive workplaces.

Krucial (formerly R3 IoT Limited)

Seed Round in 2023
R3 IoT enables organisations to access their critical operational data by automating the collection of sensor data. This data is transferred from remote operations to the cloud via satellite providing business leaders and operational management the capability to make better decisions and reduce inefficiencies.

Microplate Dx

Seed Round in 2023
Microplate Dx is a developer of diagnostic technology focused on reducing fatalities from drug-resistant infections. As an award-winning spinout from the University of Strathclyde in Glasgow, the company aims to address the global health challenge of antimicrobial resistance. Microplate Dx's innovative solutions utilize highly sensitive biosensor electrodes, combined with miniaturized hydrogel deposits containing antibiotics specific to the infection being detected. Their medical diagnostic device provides a low-cost and accurate point-of-care alternative, enabling rapid antibiotic prescribing in under one hour. This approach enhances antibiotic stewardship and strives to manage the spread of antimicrobial resistance effectively.

Ossur

Grant in 2023
Ossur is a global leader in the development, manufacturing, distribution, and marketing of high-technology orthotic and prosthetic devices. Headquartered in Reykjavik, Iceland, the company operates U.S. sales and marketing from Aliso Viejo, California, with additional offices in Vancouver, Canada; Uppsala, Sweden; and Eindhoven, Netherlands. Ossur is committed to enhancing the quality of life for individuals with mobility challenges, dedicating 6-8 percent of its revenue to medical technology research and development. The company also offers extensive educational resources through the Ossur Academy and actively engages in community outreach initiatives and partnerships with non-profit organizations.

Recycl8

Grant in 2023
Recycl8 is a company focused on transforming incinerator bottom ash (IBA) into a sustainable concrete solution, collaborating with the waste-to-energy and construction industries. By converting IBA, which is typically sent to landfills, into a low-carbon alternative for concrete production, Recycl8 aims to significantly reduce carbon emissions associated with traditional concrete manufacturing. This innovative process not only supports concrete manufacturers in lowering their carbon footprint but also contributes to broader climate goals. The company emphasizes its commitment to social and environmental responsibility while addressing the pressing need for sustainable construction materials.

Adimo

Venture Round in 2023
Adimo is a developer of a shoppable marketing platform that enhances digital marketing by integrating shopping functionality directly into various forms of content and campaigns. The platform allows brands to connect with shoppers more effectively by enabling them to add products to their online grocery baskets directly from display advertisements, landing pages, websites, and social media. This approach simplifies the purchasing process for consumers, allowing them to choose products and save them for later purchase, thus bridging the gap between product discovery and acquisition in the fast-moving consumer goods sector.

IOTech

Venture Round in 2023
IOTech Systems Limited specializes in developing and deploying open and secure software edge platforms tailored for the Industrial Internet of Things (IIoT). The company addresses critical challenges in IoT deployments, such as latency, network bandwidth, reliability, and security, which traditional cloud-only models cannot effectively manage. IOTech offers a scalable, software-defined compute infrastructure that allows applications and services to be orchestrated locally across various domains. Central to its offerings is EdgeX Foundry, an open-source edge software platform that promotes interoperability among devices, applications, and services. Additionally, IOTech provides Edge Xpert, a commercial-grade platform designed for IIoT edge computing, which includes full support and maintenance subscriptions. Their services encompass onboarding partner software, operational technology integration, platform testing, and tailored training solutions. Established in 2017 and headquartered in Newcastle upon Tyne, United Kingdom, IOTech aims to enhance the deployment speed of IoT systems while minimizing integration costs for its partners across diverse market sectors.

Enough

Series C in 2023
Enough is a technology spin-out from the University of Strathclyde focused on the development and commercialization of innovative mycoprotein-based food products. The company aims to enhance the sustainability of protein production by integrating its manufacturing processes into existing bio-refinery operations that produce bio-ethanol and animal feed. This approach not only optimizes the production of food but also contributes to a circular economy by utilizing resources efficiently. Enough's products are designed to be environmentally friendly, utilizing less water and generating lower carbon dioxide emissions. The fermentation process employed is zero-waste, resulting in food ingredients that provide all essential amino acids and are high in dietary fiber, making them viable substitutes for meat at a low cost.

Bio-Images Drug Delivery

Venture Round in 2023
Bio-Images Drug Delivery Ltd, based in Glasgow, United Kingdom, specializes in drug formulation and delivery systems. The company offers a comprehensive range of services tailored to meet individual client needs, including troubleshooting, formulation development, and both in vitro and in vivo testing. Bio-Images is known for its patented time release technology, OralogiK, which provides precise control over drug release timing and location, allowing for the oral delivery of single, multi-dose, or combination drugs within a timeframe of one to twelve hours after ingestion. This technology supports various dosing strategies, such as nighttime administration and multi-phased delivery, which enhance therapeutic efficacy. Additionally, the company employs gamma scintigraphy to analyze the in vivo behavior of formulations, offering insights into disintegration timing, gastric emptying, and gastrointestinal transit. Bio-Images also features a clinical division that manages all aspects of clinical study processes, from protocol development and regulatory submissions to the production of compliant clinical study reports.

Cytomos

Series A in 2023
Cytomos Limited is a biotechnology company based in Edinburgh, United Kingdom, that specializes in developing advanced cell sorting devices for laboratory research and clinical diagnostics. Founded in 2011, the company utilizes its patented Dielectric Spectroscopy (CDS) technology to enable label-free cell analysis, providing detailed insights at single-cell resolution. This technology supports various applications in biopharma and cell therapy by facilitating automated, quantitative assessments of samples and enhancing phenotypic drug discovery. Cytomos’ system is designed to scale across all upstream production stages, leveraging machine learning algorithms to analyze extensive data from individual cells, thus improving the efficiency of cell-based diagnostics and enabling researchers to optimize therapeutic dosing.

Allied Vehicles

Grant in 2023
Allied Vehicles offers a wide collection of special purpose vehicles and automotive for people with disabilities.

Rapscallion Soda

Venture Round in 2023
Rapscallion Soda operates as an independent craft soft drink producer.

Administrate

Venture Round in 2023
Administrate Limited is a cloud-based training management solution provider based in Edinburgh, United Kingdom, with an additional office in Bozeman, Montana. Established in 2007, the company offers a suite of tools designed to support training companies, internal training departments, and educational institutions. Its primary offerings include CORE, a training management system; a Learning Management System for eLearning; and WEB, which facilitates automatic course listings and online bookings. These solutions enable users to define employee learning plans, manage course logistics, and track progress over time. Administrate's platform is designed to enhance operational efficiency and support data-driven decision-making, making it suitable for a variety of training environments, including executive education and vocational training, both in the United Kingdom and internationally.

Exergy3

Grant in 2023
Exergy3 is an energy storage company that increases energy efficiency and reduces carbon dioxide emissions from industrial processes. It is a spinout from the University of Edinburgh.

Carbogenics

Seed Round in 2023
Carbogenics Ltd is a company based in Edinburgh, United Kingdom, specializing in the development and production of sustainable fertilizers and bio-additives. Established in 2016, Carbogenics has created an innovative process that transforms disposable coffee cups and other non-recyclable paper waste into a carbon-rich material, known as CreChar. This product serves as a carbon additive that enhances biogas production in anaerobic digestion and improves plant growth, ultimately benefiting farmers by increasing crop yields and profitability. In addition to its product offerings, Carbogenics also provides consultancy and analytical services to operators in the anaerobic digestion and wastewater treatment sectors, addressing customer inquiries through various communication channels.

Pneumagen

Venture Round in 2023
Pneumagen Limited, established in 2015 and based in Saint Andrews, United Kingdom, is focused on developing glycan-targeted carbohydrate-binding modules (CBMs) aimed at treating respiratory tract infections and cancer. This innovative approach seeks to create a universal therapeutic modality that targets respiratory viruses, helping to prevent infections and reduce the need for hospitalization among patients with underlying respiratory conditions. As a spin-out from the University of St Andrews, Pneumagen benefits from access to advanced scientific expertise in glycobiology, positioning itself at the forefront of novel treatment options for these significant health challenges.

Manus Neurodynamica

Venture Round in 2023
Manus Neurodynamica Ltd specializes in manufacturing medical diagnostic technologies aimed at identifying and monitoring neuromotor impairments, particularly focusing on Parkinson's disease. Founded in 2008 and based in North Shields, United Kingdom, the company has developed a triage device that supports early diagnostics for this condition. Its innovative technology integrates analytical software to assess a patient's movement parameters by examining subtle limb and hand motions. This capability allows clinicians to quantify fine motor skills and motion features, enhancing the diagnosis and ongoing monitoring of Parkinson's disease. Manus Neurodynamica's solutions are utilized across various sectors, including academic and pharmaceutical research, as well as non-medical applications, contributing to improved efficiency and reduced costs in specialist neuromotor services.

IbisVision

Venture Round in 2023
IbisVision Limited specializes in developing a visual field test software application aimed at the early detection of glaucoma, a leading cause of blindness worldwide. The company's primary product, Ring of Sight (ROS), is a cloud-based solution that enables healthcare professionals to conduct eye tests efficiently. Utilizing patented technology, ROS integrates various eye tests into a single device, offering both Full Threshold and Suprathreshold tests. It is designed for remote and in-practice use, allowing optometrists to deliver high-quality eye care while optimizing their investment. The application operates within a Windows environment and ensures that all patient data is securely stored on encrypted servers to uphold privacy and security. Founded in 2013 and headquartered in Livingston, United Kingdom, IbisVision is committed to advancing eye care through innovative technology.

Liftango

Venture Round in 2023
Liftango is a developer of a ridesharing and on-demand transport platform that focuses on optimizing transport systems to address climate change. The company assists organizations in planning, launching, and scaling shared mobility programs, thereby enhancing access to essential public transport services. By promoting more sustainable transport options, Liftango aims to help its clients achieve their carbon reduction goals and contribute to a sustainable, climate-positive future. Through its innovative solutions, Liftango empowers global organizations to implement effective shared transport systems.

Heero Technologies

Seed Round in 2023
Heero Technologies is a company that focuses on enhancing energy efficiency in residential properties. It provides a comprehensive platform that simplifies the energy retrofit process for homeowners, offering personalized recommendations to improve home energy performance. The company addresses common challenges associated with energy retrofits, such as the disruption caused by invasive measures and the complexities of financing options. By enabling lenders and installers to better differentiate their services, Heero Technologies facilitates the adoption of renewable technologies in privately owned homes, ultimately aiming to reduce emissions and create a more streamlined user experience in energy improvements.

Solasta Bio

Grant in 2023
Solasta Bio specializes in the development of environmentally friendly agricultural products focused on crop protection. The company offers a range of biological pesticides and neuropeptide-based insect control solutions designed to address the challenges posed by pests, including those resistant to traditional synthetic chemicals. By providing effective natural alternatives, Solasta Bio aims to assist farmers in managing pest populations while enhancing crop production sustainably and safely. Its innovative approach aligns with the growing global demand for effective and eco-conscious agricultural practices.

Solasta Bio

Seed Round in 2023
Solasta Bio specializes in the development of environmentally friendly agricultural products focused on crop protection. The company offers a range of biological pesticides and neuropeptide-based insect control solutions designed to address the challenges posed by pests, including those resistant to traditional synthetic chemicals. By providing effective natural alternatives, Solasta Bio aims to assist farmers in managing pest populations while enhancing crop production sustainably and safely. Its innovative approach aligns with the growing global demand for effective and eco-conscious agricultural practices.

WhiteHaul

Grant in 2023
WhiteHaul is a technology company specializing in telecommunications. It operates a system that enables Internet Service Providers (ISPs) to deliver gigabit-capable broadband speeds to users, even over long distances and challenging terrains. The company's core technology involves spectrum aggregation, which facilitates high-speed, long-distance backhaul links. This allows ISPs to provide affordable internet access, particularly in rural areas.

ETZ

Grant in 2023
ETZ is a pioneer in the field of net zero energy transition and a net exporter of goods, services, technology, and expertise.

Merck

Grant in 2023
Merck, established in 1668, is a global science and technology company operating in three main segments: Life Science, Performance Materials, and Healthcare. The Life Science division (44% of 2023 sales) supplies laboratory consumables and services to researchers, while the Healthcare segment (38%) focuses on developing, manufacturing, and selling branded pharmaceuticals, with key therapeutic areas in oncology, multiple sclerosis, and fertility. The Electronics segment (17%) provides specialty materials for various industries, including semiconductors, electronics, and cosmetics. Merck's extensive global presence spans over 100 countries, with significant operations in Europe, Asia, and emerging markets. The company is committed to partnerships, innovation, and improving lives through its products and solutions.
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