The University of Edinburgh was well represented at the recent Scottish EDGE 2015 final, with five young start-ups winning funding to support their growing ventures.
Young start-up companies from across Scotland competed head to head at the Scottish EDGE 2015 final. Those vying for cash in the main SCOTEDGE category delivered pitches to a panel of high profile judges including leading Scottish businessmen, Willie Haughey and Bob Keiller. All the winners were announced at the evening awards ceremony.
Scottish EDGE is a funding competition aimed at identifying Scotland’s top young, early stage and high growth potential entrepreneurs. It is led by a Board of seasoned entrepreneurs, bankers and public sector supporters, with a fund of over £5 million endowed by serial entrepreneur Sir Tom Hunter, the Royal Bank of Scotland PLC and the Scottish Government. Scottish Edge supports high growth businesses with practical support that will help accelerate growth and build success, to build Scotland’s success as an entrepreneurial nation.
Five companies that started with support from the University of Edinburgh were successful in winning funding across three of the award categories - SCOTEDGE, Young EDGE and the inaugural Higgs EDGE.
The Principal of the University of Edinburgh, Professor Sir Timothy O’Shea said:
“Edinburgh is amongst the most entrepreneurial universities in the United Kingdom. The first class support provided by the University and the wider enterprise support network play an important role, not only in the student experience but in delivering impact for the world class research coming out of our University.”
The winning companies below were supported by Edinburgh Research and Innovation (ERI), its award-winning programme for student entrepreneurs LAUNCH.ed, and Enterprise Campus, a national initiative to boost high-growth start-ups at Scotland’s universities.
Float Ltd: A software company that links to FreeAgent, Xero and generates cashflow forecasts. (Awarded £100,000)
Photon Force Ltd: An imaging company providing sensors that precisely detect and measure single photons. (Awarded £65,000)
Dr Richard Walker was supported by ERI to start his company Photon Force. He said:
"Edinburgh Research and innovation has been great help in learning about the many sources of start-up business support available and in helping me perfect the pitch so that I can compete in these national competitions."
Young EDGE winners
EuroBiotix CIC: A social enterprise company that aims expanded access to Faecal Microbiota Transplantation (FMT). (Awarded £12,500)
Turtle Pack: A swimming aid company developing a flotation device that will revolutionise the ‘Learn to Swim’ market. (Awarded £10,000)
Higgs EDGE winner
Krotos Ltd: A sound design software company that created ‘Dehumaniser’,a vocal processor producing monster sounds. (Awarded £100,000)
Orfeas Boteas used LAUNCH.ed to support the development of his company Krotos Ltd:
"I’d recommend that students get involved with schemes like LAUNCH.ed. They give you business advice, access to funding and someone to talk to when you’re struggling to apply your ideas. My sound design software, Dehumaniser, is now being used by industry professionals, including Hollywood film studios."