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 Smart Cities

Smart Green Shipping

Venture Round in 2023
Smart Green Shipping specializes in creating innovative, digitally enabled wind-powered solutions for the maritime industry. The company has developed data-driven wing sails that optimize merchant shipping routes through advanced software. By utilizing meteorological and satellite data, Smart Green Shipping's system projects annual fuel savings for shipping companies, whether they retrofit existing vessels or incorporate the technology into new builds. This approach not only promotes the adoption of wind assist technologies but also aims to enhance operational efficiency and reduce fuel consumption in shipping operations.

Smart Green Shipping

Grant in 2022
Smart Green Shipping specializes in creating innovative, digitally enabled wind-powered solutions for the maritime industry. The company has developed data-driven wing sails that optimize merchant shipping routes through advanced software. By utilizing meteorological and satellite data, Smart Green Shipping's system projects annual fuel savings for shipping companies, whether they retrofit existing vessels or incorporate the technology into new builds. This approach not only promotes the adoption of wind assist technologies but also aims to enhance operational efficiency and reduce fuel consumption in shipping operations.

M2M Cloud

Grant in 2022
M2M Cloud is an internet of things (IoT) company delivering device to cloud solutions.
Intelligent Growth Solutions Ltd, founded in 2013 and based in Dundee, United Kingdom, specializes in developing and providing advanced vertical farming technology for indoor food production in diverse locations. The company offers a plug-and-play platform that includes an indoor vertical farming demonstration facility equipped with an Internet of Things (IoT)-enabled power and communications system. This system incorporates patented electrical, electronic, and mechanical technologies designed to create optimal growing conditions for plants. Intelligent Growth Solutions is committed to continuous innovation and practical design, challenging conventional approaches to agricultural technology.

pureLiFi

Debt Financing in 2020
pureLiFi Ltd. is a technology company based in Edinburgh, UK, specializing in light communication solutions through its innovative Li-Fi technology. This technology utilizes visible light spectrum instead of traditional radio frequencies for wireless data communication, addressing the growing demand for bandwidth. The company's product offerings include Li-1st for developing VLC applications, Li-Flame for secure wireless networking, and the Li-Fire Platform for enhanced communication using visible light. Additionally, pureLiFi provides devices like LiFi-XC, which includes access points and USB dongles, ensuring compatibility with various operating systems. The applications of pureLiFi's technology span several sectors, including healthcare, aviation, and transportation, enabling high-density data transfer while minimizing external network interference. Founded in 2012, pureLiFi was previously known as pureVLC Ltd. before rebranding in 2013.

IOTech

Series A in 2019
IOTech Systems Limited specializes in developing and deploying open and secure software edge platforms tailored for the Industrial Internet of Things (IIoT). The company addresses critical challenges in IoT deployments, such as latency, network bandwidth, reliability, and security, which traditional cloud-only models cannot effectively manage. IOTech offers a scalable, software-defined compute infrastructure that allows applications and services to be orchestrated locally across various domains. Central to its offerings is EdgeX Foundry, an open-source edge software platform that promotes interoperability among devices, applications, and services. Additionally, IOTech provides Edge Xpert, a commercial-grade platform designed for IIoT edge computing, which includes full support and maintenance subscriptions. Their services encompass onboarding partner software, operational technology integration, platform testing, and tailored training solutions. Established in 2017 and headquartered in Newcastle upon Tyne, United Kingdom, IOTech aims to enhance the deployment speed of IoT systems while minimizing integration costs for its partners across diverse market sectors.

pureLiFi

Venture Round in 2019
pureLiFi Ltd. is a technology company based in Edinburgh, UK, specializing in light communication solutions through its innovative Li-Fi technology. This technology utilizes visible light spectrum instead of traditional radio frequencies for wireless data communication, addressing the growing demand for bandwidth. The company's product offerings include Li-1st for developing VLC applications, Li-Flame for secure wireless networking, and the Li-Fire Platform for enhanced communication using visible light. Additionally, pureLiFi provides devices like LiFi-XC, which includes access points and USB dongles, ensuring compatibility with various operating systems. The applications of pureLiFi's technology span several sectors, including healthcare, aviation, and transportation, enabling high-density data transfer while minimizing external network interference. Founded in 2012, pureLiFi was previously known as pureVLC Ltd. before rebranding in 2013.

pureLiFi

Debt Financing in 2019
pureLiFi Ltd. is a technology company based in Edinburgh, UK, specializing in light communication solutions through its innovative Li-Fi technology. This technology utilizes visible light spectrum instead of traditional radio frequencies for wireless data communication, addressing the growing demand for bandwidth. The company's product offerings include Li-1st for developing VLC applications, Li-Flame for secure wireless networking, and the Li-Fire Platform for enhanced communication using visible light. Additionally, pureLiFi provides devices like LiFi-XC, which includes access points and USB dongles, ensuring compatibility with various operating systems. The applications of pureLiFi's technology span several sectors, including healthcare, aviation, and transportation, enabling high-density data transfer while minimizing external network interference. Founded in 2012, pureLiFi was previously known as pureVLC Ltd. before rebranding in 2013.

pureLiFi

Series B in 2019
pureLiFi Ltd. is a technology company based in Edinburgh, UK, specializing in light communication solutions through its innovative Li-Fi technology. This technology utilizes visible light spectrum instead of traditional radio frequencies for wireless data communication, addressing the growing demand for bandwidth. The company's product offerings include Li-1st for developing VLC applications, Li-Flame for secure wireless networking, and the Li-Fire Platform for enhanced communication using visible light. Additionally, pureLiFi provides devices like LiFi-XC, which includes access points and USB dongles, ensuring compatibility with various operating systems. The applications of pureLiFi's technology span several sectors, including healthcare, aviation, and transportation, enabling high-density data transfer while minimizing external network interference. Founded in 2012, pureLiFi was previously known as pureVLC Ltd. before rebranding in 2013.
Intelligent Growth Solutions Ltd, founded in 2013 and based in Dundee, United Kingdom, specializes in developing and providing advanced vertical farming technology for indoor food production in diverse locations. The company offers a plug-and-play platform that includes an indoor vertical farming demonstration facility equipped with an Internet of Things (IoT)-enabled power and communications system. This system incorporates patented electrical, electronic, and mechanical technologies designed to create optimal growing conditions for plants. Intelligent Growth Solutions is committed to continuous innovation and practical design, challenging conventional approaches to agricultural technology.

pureLiFi

Series A in 2015
pureLiFi Ltd. is a technology company based in Edinburgh, UK, specializing in light communication solutions through its innovative Li-Fi technology. This technology utilizes visible light spectrum instead of traditional radio frequencies for wireless data communication, addressing the growing demand for bandwidth. The company's product offerings include Li-1st for developing VLC applications, Li-Flame for secure wireless networking, and the Li-Fire Platform for enhanced communication using visible light. Additionally, pureLiFi provides devices like LiFi-XC, which includes access points and USB dongles, ensuring compatibility with various operating systems. The applications of pureLiFi's technology span several sectors, including healthcare, aviation, and transportation, enabling high-density data transfer while minimizing external network interference. Founded in 2012, pureLiFi was previously known as pureVLC Ltd. before rebranding in 2013.

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.

pureLiFi

Angel Round in 2013
pureLiFi Ltd. is a technology company based in Edinburgh, UK, specializing in light communication solutions through its innovative Li-Fi technology. This technology utilizes visible light spectrum instead of traditional radio frequencies for wireless data communication, addressing the growing demand for bandwidth. The company's product offerings include Li-1st for developing VLC applications, Li-Flame for secure wireless networking, and the Li-Fire Platform for enhanced communication using visible light. Additionally, pureLiFi provides devices like LiFi-XC, which includes access points and USB dongles, ensuring compatibility with various operating systems. The applications of pureLiFi's technology span several sectors, including healthcare, aviation, and transportation, enabling high-density data transfer while minimizing external network interference. Founded in 2012, pureLiFi was previously known as pureVLC Ltd. before rebranding in 2013.

pureLiFi

Venture Round in 2012
pureLiFi Ltd. is a technology company based in Edinburgh, UK, specializing in light communication solutions through its innovative Li-Fi technology. This technology utilizes visible light spectrum instead of traditional radio frequencies for wireless data communication, addressing the growing demand for bandwidth. The company's product offerings include Li-1st for developing VLC applications, Li-Flame for secure wireless networking, and the Li-Fire Platform for enhanced communication using visible light. Additionally, pureLiFi provides devices like LiFi-XC, which includes access points and USB dongles, ensuring compatibility with various operating systems. The applications of pureLiFi's technology span several sectors, including healthcare, aviation, and transportation, enabling high-density data transfer while minimizing external network interference. Founded in 2012, pureLiFi was previously known as pureVLC Ltd. before rebranding in 2013.
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