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.
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.
WellFish Diagnostics
Seed Round in 2022
WellFish Tech is an aquaculture company headquartered in Bridge of Weir, United Kingdom, focused on enhancing fish health monitoring through rapid and non-lethal blood analysis. Founded in 2021 by Brian Quinn, the company aims to improve the sustainability and productivity of the aquaculture industry. WellFish Tech provides health monitoring services that assess fish stock in marine net pens, including smoltification, toxicity assessment, and aquafeed optimization. Their dynamic diagnostic platform is designed to adapt to the evolving needs of the growing aquaculture sector, enabling industrialists to reduce costs, increase productivity, and ultimately enhance profitability.
CuanTec
Venture Round in 2019
CuanTec Ltd is a Scottish biotechnology company based in Motherwell, specializing in the production of biodegradable plastic films for the food industry. Founded in 2016, CuanTec utilizes a sustainable approach by extracting chitin from waste generated by the fisheries sector, particularly from langoustines sourced from the pollution-free waters of the North Atlantic. This extraction is achieved through a low-energy fermentation process that employs harmless bacteria, resulting in a high-quality product with minimal waste. The company’s compostable and antimicrobial bioplastics serve as an environmentally friendly alternative to conventional packaging, aiming to reduce plastic pollution and food waste while extending the shelf life of fresh food. By employing a circular economy model, CuanTec effectively transforms marine waste into valuable packaging solutions.
CuanTec
Seed Round in 2016
CuanTec Ltd is a Scottish biotechnology company based in Motherwell, specializing in the production of biodegradable plastic films for the food industry. Founded in 2016, CuanTec utilizes a sustainable approach by extracting chitin from waste generated by the fisheries sector, particularly from langoustines sourced from the pollution-free waters of the North Atlantic. This extraction is achieved through a low-energy fermentation process that employs harmless bacteria, resulting in a high-quality product with minimal waste. The company’s compostable and antimicrobial bioplastics serve as an environmentally friendly alternative to conventional packaging, aiming to reduce plastic pollution and food waste while extending the shelf life of fresh food. By employing a circular economy model, CuanTec effectively transforms marine waste into valuable packaging solutions.
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