Scottish Enterprise

Scottish Enterprise is Scotland's primary economic development agency, operating as a non-departmental public body of the Scottish Government. Its mission is to foster economic growth by supporting the development of innovative, high-wage industries with a strong international presence. The organization plays a crucial role in assisting small and medium-sized enterprises (SMEs) in securing financing, helping them engage with funders and access the necessary capital for expansion. Scottish Enterprise invests through its arm, the Scottish Investment Bank, which focuses on various sectors, including renewable energy, life sciences, and creative industries. The firm engages in both direct and fund-of-fund investing, typically providing financial support in the form of equity or loans ranging from £0.01 million to £10 million. Additionally, it collaborates with public and private sectors and works alongside UK and international investors to enhance the funding landscape for Scottish businesses. Through these initiatives, Scottish Enterprise aims to create a sustainable economic impact and strengthen the funding market within Scotland.

Reuben Aitken

Managing Director, International Operations

Rhona Allison

Managing Director, Business Growth

Mark Hallan

Global Director, Strategic Relationships

Linda Hanna

Interim CEO

Jane Martin

Managing Director of Innovation and Investment

Jim McFarlane

Managing Director of Operations

Charlie Smith

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

Past deals in SME

Mage Control Systems

Grant in 2023
Mage Control Systems is a design company that provides embedded electronic control systems for a range of industries. They can take the ideas and requirements from concept to reality, from blue sky design to increased manufacturing. Their assessment and testing methods are thorough and match industry standards, assuring dependability and performance in difficult situations.

Swipii

Seed Round in 2020
Swipii Labs Ltd. operates a customer loyalty and marketing platform specifically designed for small businesses. Founded in 2012 and based in Glasgow, the company offers a suite of digital tools that enable businesses to implement loyalty programs, boost online reviews, and attract new customers. Swipii's app facilitates cashback rewards on purchases, allowing users to earn points automatically through card-linking technology. This platform not only helps local businesses compete with larger brands but also encourages consumers to discover local offers and share them within their communities. By providing these services, Swipii aims to enhance customer engagement and loyalty while supporting the growth of small businesses.

Swipii

Debt Financing in 2020
Swipii Labs Ltd. operates a customer loyalty and marketing platform specifically designed for small businesses. Founded in 2012 and based in Glasgow, the company offers a suite of digital tools that enable businesses to implement loyalty programs, boost online reviews, and attract new customers. Swipii's app facilitates cashback rewards on purchases, allowing users to earn points automatically through card-linking technology. This platform not only helps local businesses compete with larger brands but also encourages consumers to discover local offers and share them within their communities. By providing these services, Swipii aims to enhance customer engagement and loyalty while supporting the growth of small businesses.

SHE Software

Grant in 2020
SHE Software Ltd. specializes in developing health and safety software solutions designed to mitigate workplace risks. The company offers Assure, a comprehensive management software that facilitates workplace safety risk assessments, incident reporting and investigation, training record management, asset regulation, contractor oversight, audits, and action tracking. Additionally, SHE Software provides various software modules focused on risk assessment, incident management, health and safety audits, and more. Its solutions are available across multiple platforms, including desktop, web, cloud, and mobile applications. The firm serves a diverse range of industries, including manufacturing, healthcare, retail, and education, and operates in regions such as EMEA, North America, and Australia. Founded in 1993 and based in East Kilbride, United Kingdom, SHE Software was formerly known as Lexware International Ltd. and is recognized for its innovative approach to integrating cloud computing and mobile technology into health and safety practices.

Swipii

Venture Round in 2019
Swipii Labs Ltd. operates a customer loyalty and marketing platform specifically designed for small businesses. Founded in 2012 and based in Glasgow, the company offers a suite of digital tools that enable businesses to implement loyalty programs, boost online reviews, and attract new customers. Swipii's app facilitates cashback rewards on purchases, allowing users to earn points automatically through card-linking technology. This platform not only helps local businesses compete with larger brands but also encourages consumers to discover local offers and share them within their communities. By providing these services, Swipii aims to enhance customer engagement and loyalty while supporting the growth of small businesses.

M Squared Lasers

Grant in 2019
M Squared Lasers develops and manufactures next-generation lasers and photonic instruments that bring new capabilities, higher reliability and greater ease of use to a diverse range of industrial and scientific applications. With a core team that has more than twenty years of experience, and a track record of supplying award-winning products to worldwide markets, M Squared is ideally placed to help solve problems, de-risk your projects and accelerate your applications.

Swipii

Venture Round in 2019
Swipii Labs Ltd. operates a customer loyalty and marketing platform specifically designed for small businesses. Founded in 2012 and based in Glasgow, the company offers a suite of digital tools that enable businesses to implement loyalty programs, boost online reviews, and attract new customers. Swipii's app facilitates cashback rewards on purchases, allowing users to earn points automatically through card-linking technology. This platform not only helps local businesses compete with larger brands but also encourages consumers to discover local offers and share them within their communities. By providing these services, Swipii aims to enhance customer engagement and loyalty while supporting the growth of small businesses.

Scottish EDGE

Venture Round in 2018
Scottish EDGE is a competition aimed at identifying and supporting Scotland’s up-and-coming, innovative, high-growth potential entrepreneurial talent. The company believes that it’s important to support entrepreneurs and start-up businesses in any way we can. Scottish EDGE also recognizes that supporting businesses isn’t a one-off thing. From providing prize funding of up to £150,000 to a quick catch-up, we’re here for the long haul. Are you in? Let’s get down to business.

SKOOG

Seed Round in 2018
Skoogmusic Ltd. is a company based in Edinburgh, United Kingdom, founded in 2009 by David Skulina and Ben Schogler. The company specializes in developing innovative musical instruments and accessories, notably the Skoog, which is designed to empower individuals with special educational needs. This instrument allows users, including children with global delays, genetic conditions, sensory impairments, and behavioral issues, to engage with music through various tactile interactions such as pressing, squeezing, or tilting. Skoogmusic offers its products online, catering to markets both in the United Kingdom and internationally. Since its inception, the company has received support and investment from various entities, including Barwell PLC and the Scottish Enterprise Co-investment Fund, to enhance its mission of making music accessible to all.

Ateeda

Venture Round in 2016
Ateeda Limited, based in Edinburgh, United Kingdom, specializes in the design and manufacture of testing modules and electronic design automation tools for the semiconductor industry. The company provides analog test modules tailored for high-precision testing of audio and instrumentation integrated circuits, serving sectors such as HD audio, precision medical, industrial, and automotive markets. Its offerings include built-in self-test capabilities for linear circuits and digital testing for analog circuits, aimed at enhancing the efficiency and quality of electronic chip manufacturing. Established in 2005 and formerly known as York Place (No. 359) Limited, Ateeda focuses on helping microchip enterprises reduce production costs while meeting the stringent testing specifications demanded by leading consumer brands in the mobile and wearable technology sectors.
Edinburgh Molecular Imaging Limited is a biotechnology company based in Edinburgh, United Kingdom, founded in 2014. The company specializes in optical molecular imaging technology that facilitates image-guided therapy for the detection, diagnosis, and monitoring of diseases. It focuses on the discovery and development of small molecules and peptides that can be conjugated with fluorescent dyes, allowing for real-time disease detection during interventional procedures, such as surgery. Edinburgh Molecular Imaging has raised over £15 million in non-dilutive funding from organizations like the Wellcome Trust, EPSRC, and MRC to advance its innovative SMART Agents, which enhance molecular imaging capabilities. The team behind the company comprises experienced scientists and clinicians with extensive expertise in medicinal chemistry, biochemistry, cell biology, and clinical development, positioning the company to contribute significantly to the field of medical imaging.

Sumerian

Venture Round in 2013
Sumerian, originally known as Sumerian Europe Limited, was founded in 2001 and is based in Edinburgh, United Kingdom. The company specializes in IT operations and service management, offering services designed to improve operational IT capacity planning for enterprises. Its primary product, Capacity Planning as a Service (CPaaS), delivers insights into current IT infrastructure capacity, forecasts potential future issues, and enables organizations to model and assess the impact of changes. Sumerian's solutions focus on optimizing costs, managing risks associated with IT services, and facilitating complex infrastructure changes, such as technology transformations and data center consolidations. By utilizing advanced IT operational analytics, Sumerian assists companies in achieving significant performance gains and cost reductions, thereby supporting their growth and operational efficiency. As of August 2018, Sumerian operates under the name ITRS Scotland Limited as a subsidiary of ITRS Group Ltd.

Smarter Grid Solutions

Funding Round in 2013
Smarter Grid Solutions Ltd. is a prominent smart grid technology company based in Glasgow, with additional offices in London and New York. Founded in 2008, the company specializes in developing and deploying Active Network Management (ANM) products that facilitate the integration of Distributed Energy Resources (DER). Its key offerings include ANM Strata, ANM 100, ANM 50, and CONNECT+, which provide utilities with tools to connect, control, and optimize DER across various scales. Additionally, the company offers Capacity Analysis Portal Tools for assessing DER connection feasibility and a Grid Connection Assessment Tool for detailed connection studies. Smarter Grid Solutions also provides consultancy services focused on strategic planning, modeling, and smart grid training. The company serves a diverse clientele, including large power companies and utilities across the UK, mainland Europe, and the US, contributing to the advancement of smart grid initiatives in both urban and rural settings.

mLED

Venture Round in 2012
mLED limited develops and manufactures gallium nitride micropixellated light emitting diodes (LED) arrays systems. mLED limited is based in the United Kingdom

mLED

Seed Round in 2010
mLED limited develops and manufactures gallium nitride micropixellated light emitting diodes (LED) arrays systems. mLED limited is based in the United Kingdom

Ateeda

Venture Round in 2010
Ateeda Limited, based in Edinburgh, United Kingdom, specializes in the design and manufacture of testing modules and electronic design automation tools for the semiconductor industry. The company provides analog test modules tailored for high-precision testing of audio and instrumentation integrated circuits, serving sectors such as HD audio, precision medical, industrial, and automotive markets. Its offerings include built-in self-test capabilities for linear circuits and digital testing for analog circuits, aimed at enhancing the efficiency and quality of electronic chip manufacturing. Established in 2005 and formerly known as York Place (No. 359) Limited, Ateeda focuses on helping microchip enterprises reduce production costs while meeting the stringent testing specifications demanded by leading consumer brands in the mobile and wearable technology sectors.

Ateeda

Venture Round in 2008
Ateeda Limited, based in Edinburgh, United Kingdom, specializes in the design and manufacture of testing modules and electronic design automation tools for the semiconductor industry. The company provides analog test modules tailored for high-precision testing of audio and instrumentation integrated circuits, serving sectors such as HD audio, precision medical, industrial, and automotive markets. Its offerings include built-in self-test capabilities for linear circuits and digital testing for analog circuits, aimed at enhancing the efficiency and quality of electronic chip manufacturing. Established in 2005 and formerly known as York Place (No. 359) Limited, Ateeda focuses on helping microchip enterprises reduce production costs while meeting the stringent testing specifications demanded by leading consumer brands in the mobile and wearable technology sectors.

MMIC Solutions

Series A in 2008
MMIC Solutions is deploying technology to allow the commercial use of high frequencies in the millimeter wave bands. The company develops, manufactures, and supplys innovative solutions for a range of systems operating at frequencies between 50GHz and 250GHz

EDEM Simulation

Venture Round in 2007
EDEM develops and markets high performance discrete element method (DEM) simulation software, a CAE tool designed for simulation-based engineering of equipment that handle or process bulk particles. Bulk particles, also known as bulk materials or bulk solids, such as powders, granules, tablets and aggregates, are handled and processed in every major manufacturing and process industry, including, pharmaceutical, food processing, consumer packaged goods, mining, minerals processing, metals manufacturing, and construction and agricultural machinery. The Company’s ground-breaking EDEM Simulation Software provides advanced engineering and operational benefits to all industries handling and processing bulk materials, enabling them to reduce design prototyping time and costs, optimize equipment performance, increase productivity and operational efficiencies, and enhance product innovation. DEM Solutions provides EDEM® simulation software platform, EDEM BulkSim® software, and engineering support services to blue-chip companies around the world in mining & energy, equipment manufacturing and process industries. Founded in 2003, the Company is headquartered in Edinburgh (UK) with offices in Denver (USA), Yokohama (Japan) and Shenzhen (China) supporting direct sales in Europe, Americas, Japan, China, and Australia, and channel sales in the rest of the world. DEM Solutions also works with a network of industry-expert engineering service partners worldwide supporting customers in deployment of EDEM simulation technology to address engineering challenges involving bulk particles.

MMIC Solutions

Seed Round in 2006
MMIC Solutions is deploying technology to allow the commercial use of high frequencies in the millimeter wave bands. The company develops, manufactures, and supplys innovative solutions for a range of systems operating at frequencies between 50GHz and 250GHz

EDEM Simulation

Venture Round in 2005
EDEM develops and markets high performance discrete element method (DEM) simulation software, a CAE tool designed for simulation-based engineering of equipment that handle or process bulk particles. Bulk particles, also known as bulk materials or bulk solids, such as powders, granules, tablets and aggregates, are handled and processed in every major manufacturing and process industry, including, pharmaceutical, food processing, consumer packaged goods, mining, minerals processing, metals manufacturing, and construction and agricultural machinery. The Company’s ground-breaking EDEM Simulation Software provides advanced engineering and operational benefits to all industries handling and processing bulk materials, enabling them to reduce design prototyping time and costs, optimize equipment performance, increase productivity and operational efficiencies, and enhance product innovation. DEM Solutions provides EDEM® simulation software platform, EDEM BulkSim® software, and engineering support services to blue-chip companies around the world in mining & energy, equipment manufacturing and process industries. Founded in 2003, the Company is headquartered in Edinburgh (UK) with offices in Denver (USA), Yokohama (Japan) and Shenzhen (China) supporting direct sales in Europe, Americas, Japan, China, and Australia, and channel sales in the rest of the world. DEM Solutions also works with a network of industry-expert engineering service partners worldwide supporting customers in deployment of EDEM simulation technology to address engineering challenges involving bulk particles.
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