Techscaler supporting more entrepreneurs across Scotland.
Start-up tech companies participating in the Scottish
Government's Techscaler business accelerator programme have
raised more than £118 million of capital investment in the past
two years.
It comes from both private and public sources and is supporting
businesses in sectors such as medical technology, artificial
intelligence and space.
Deputy First Minister described Scotland as one of
the best places in the world to launch a start-up tech company
during a speech marking the publication of Techscaler's Annual
Report.
It also reveals that the number of companies involved in the
programme almost doubled last year from 502 to 978, while the
number of individual entrepreneurs more than doubled from 610 to
1,411. They were able to access benefits including mentoring,
training and introductions to potential investors and customers.
Further activity included two international pop-up hubs in
Singapore and San Francisco to help companies penetrate global
markets.
Konversable, a Glasgow AI chatbot and messaging technology
company which helps companies convert enquiries into sales, was
introduced to potential investors and customers at Techscaler's
Singapore pop-up in October. The company secured £300,000
investment over the year.
Deputy First Minister and Economy Secretary said:
“The Techscaler programme - which I am deeply proud to have
launched just two years ago - is contributing to Scotland's
reputation as one of the best places in the world to launch a
tech start-up.
“While this is a relatively young programme, what this report
makes clear is that it is delivering results and helping
entrepreneurs to unleash their ability to innovate, spearheading
Scotland's presence in expanding new markets.
Edinburgh company CodeBase runs the Techscaler programme. CEO and
co-founder Stephen Coleman said:
“We're proud of our collective achievements over the first two
years of Techscaler, delivering strong support for our ambitious
founders and startups both here in Scotland and increasingly as
they target global markets, building on our position as a
catalyst driving innovation, partnerships, and collaboration
across the Scottish tech ecosystem.”
Background
Techscaler Annual
Report
Backed by £42 million of Scottish Government investment,
Techscaler was founded in 2022 to help tech founders grow their
businesses.
