Scotland's national economic development agency enabling businesses to innovate & scale. Founded 1991, Glasgow-based. Offers equity gap-funding via Scottish Venture Fund & Scottish Co-Investment Fund (£100k-£2m). Loan scheme: £250k-£2m. R&D grants incl. SMART: SCOTLAND feasibility support. Most active UK investor in university spinouts over past decade. £620m+ invested, leveraging £1.75bn private capital.
Investment Focus
Investment Thesis
Early-stage cos to expanding businesses seeking to develop products/markets, incl. start-ups & spin-outs. Focus: renewable energy, life sciences, biotech, med-tech, food & drink, creative, digital, manufacturing. Gap-fund model: co-invests alongside private investors on equal terms, max 50% funding package; £100k-£2m checks typically. Targets companies committed to fair work & net zero; provides support to help others adopt. Excludes: defence, banking, insurance, well-served retail/hospitality; considers disruptive tech exceptions.
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