Scottish Enterprise

Scottish Enterprise, established in 1991, is Scotland's principal economic development agency, operating as a non-departmental public body of the Scottish Government. Its mission is to stimulate Scotland's economic growth by fostering an innovative, high-wage, and productive economy with a strong international presence. The agency partners with both public and private sectors to identify and capitalize on opportunities that drive significant, lasting economic impact. Scottish Enterprise provides comprehensive support to businesses, including helping companies secure appropriate finance, strengthening management teams, and facilitating growth and export initiatives. It works closely with Scottish SMEs, as well as UK and international investors, such as business angels, venture capital groups, and corporate investors. The agency operates across Scotland in collaboration with Highlands and Islands Enterprise, aiming to increase the supply of finance for businesses and support the SME funding market.

Reuben Aitken

Managing Director, International Operations

Rhona Allison

Managing Director, Business Growth

Victoria Carmichael

Commercial Director

Mark Hallan

Global Director, Strategic Relationships

Linda Hanna

Managing Director

Jane Martin

Managing Director of Innovation and Investment

Jim McFarlane

Managing Director of Operations

Kerry Sharp

Director of Entrepreneurship and Investment

Charlie Smith

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

Susan Armes

Senior Investment Manager

Past deals in Aerospace

Aurora Avionics

Seed Round in 2025
Aurora Avionics is engaged in the manufacture of avionics systems for air and spacecraft, focusing on flexible and modular platforms designed for launch vehicles. The company specializes in creating electrical systems essential for flight operations, as well as fault-tolerant hardware. This expertise allows space agencies to obtain standardized and universal control systems, facilitating the development of launch vehicles. By providing reliable and adaptable avionics solutions, Aurora Avionics supports the advancement of aerospace technology and the efficiency of space missions.

Novosound

Venture Round in 2024
Novosound Ltd is a company based in Edinburgh, United Kingdom, that specializes in manufacturing printable ultrasound sensors for various sectors, including aerospace, oil and gas, industrial, medical, veterinary, and dental applications. Founded in 2016, it emerged as the first spin-out from the University of the West of Scotland. Novosound employs innovative thin-film manufacturing techniques to overcome the limitations of traditional ultrasound technology, allowing for the development of highly customizable and scalable ultrasound solutions. The company's offerings include sensors, systems, and software designed to facilitate high-resolution imaging and measurement, particularly in non-destructive testing and medical fields.

Aurora Avionics

Pre Seed Round in 2024
Aurora Avionics is engaged in the manufacture of avionics systems for air and spacecraft, focusing on flexible and modular platforms designed for launch vehicles. The company specializes in creating electrical systems essential for flight operations, as well as fault-tolerant hardware. This expertise allows space agencies to obtain standardized and universal control systems, facilitating the development of launch vehicles. By providing reliable and adaptable avionics solutions, Aurora Avionics supports the advancement of aerospace technology and the efficiency of space missions.

Flowcopter

Grant in 2024
Flowcopter is currently enabling long-range, big payload logistics. Providing a strong platform for humanitarian and environmental applications that can operate in the most harsh environments.

Novosound

Venture Round in 2022
Novosound Ltd is a company based in Edinburgh, United Kingdom, that specializes in manufacturing printable ultrasound sensors for various sectors, including aerospace, oil and gas, industrial, medical, veterinary, and dental applications. Founded in 2016, it emerged as the first spin-out from the University of the West of Scotland. Novosound employs innovative thin-film manufacturing techniques to overcome the limitations of traditional ultrasound technology, allowing for the development of highly customizable and scalable ultrasound solutions. The company's offerings include sensors, systems, and software designed to facilitate high-resolution imaging and measurement, particularly in non-destructive testing and medical fields.

RAB Microfluidics

Series B in 2022
RAB Microfluidics specializes in diagnosing early signs of failure in lubricated machinery, such as gearboxes in wind turbines and engines in the mining industry, using its patented microfluidic technology and artificial intelligence. The company has automated the lubricating oil analysis process, enabling real-time delivery of critical data that identifies equipment deterioration and potential failures. This innovation aims to revolutionize maintenance practices by enhancing equipment reliability and availability through early diagnosis. RAB Microfluidics targets various industries, including maritime, renewable energy, aerospace, and manufacturing, with the goal of facilitating a transition to condition-based and predictive maintenance strategies. By providing intelligent insights and data-driven automation solutions, RAB Microfluidics seeks to improve asset condition management while significantly reducing costs.

RAB Microfluidics

Venture Round in 2021
RAB Microfluidics specializes in diagnosing early signs of failure in lubricated machinery, such as gearboxes in wind turbines and engines in the mining industry, using its patented microfluidic technology and artificial intelligence. The company has automated the lubricating oil analysis process, enabling real-time delivery of critical data that identifies equipment deterioration and potential failures. This innovation aims to revolutionize maintenance practices by enhancing equipment reliability and availability through early diagnosis. RAB Microfluidics targets various industries, including maritime, renewable energy, aerospace, and manufacturing, with the goal of facilitating a transition to condition-based and predictive maintenance strategies. By providing intelligent insights and data-driven automation solutions, RAB Microfluidics seeks to improve asset condition management while significantly reducing costs.

Skylark Lasers

Venture Round in 2020
Skylark Lasers is a photonics company that specializes in the development and production of continuous wave (CW) single frequency diode-pumped solid-state (DPSS) lasers. Utilizing its proprietary BRaMMS Technology® platform, the company offers lasers known for their exceptional spectral performance and high output power. Skylark Lasers serves a diverse clientele across various industrial and scientific fields, providing solutions for applications such as microchip inspection, quantum sensing, metrology, avionics, wind power generation, defense, financial data servers, and biomedical research. The compact design of Skylark's NX lasers enables customers to reveal the unseen, detect the invisible, and measure the unknown effectively.

Skylark Lasers

Venture Round in 2020
Skylark Lasers is a photonics company that specializes in the development and production of continuous wave (CW) single frequency diode-pumped solid-state (DPSS) lasers. Utilizing its proprietary BRaMMS Technology® platform, the company offers lasers known for their exceptional spectral performance and high output power. Skylark Lasers serves a diverse clientele across various industrial and scientific fields, providing solutions for applications such as microchip inspection, quantum sensing, metrology, avionics, wind power generation, defense, financial data servers, and biomedical research. The compact design of Skylark's NX lasers enables customers to reveal the unseen, detect the invisible, and measure the unknown effectively.

Albacom

Debt Financing in 2020
Albacom Ltd is a company that designs, manufactures, and tests equipment and components across five key divisions: Electronic Design and Manufacture, Lifting Equipment Testing, Microwave Design and Manufacture, Electric Motor, and Surface Engineering and Machining. The Electronic Design and Manufacture division specializes in contract manufacturing services for PCB assembly, equipment assembly, and environmental testing. The Lifting Equipment Testing division provides testing and repair services for various lifting equipment, while the Microwave Design division focuses on the production and testing of microwave components. The Electric Motor division offers refurbishment, repair, and testing services for electric motors, and the Surface Engineering and Machining division is involved in the manufacturing, design, and repair of electro-mechanical systems. Established in 1989, Albacom has developed a strong reputation in the international defense market, particularly for its advanced technology products originating from its heritage as a division of Ferranti. The company operates as a subsidiary of Genista Energy, emphasizing its role as a single source supplier for many of its products.

Novosound

Venture Round in 2019
Novosound Ltd is a company based in Edinburgh, United Kingdom, that specializes in manufacturing printable ultrasound sensors for various sectors, including aerospace, oil and gas, industrial, medical, veterinary, and dental applications. Founded in 2016, it emerged as the first spin-out from the University of the West of Scotland. Novosound employs innovative thin-film manufacturing techniques to overcome the limitations of traditional ultrasound technology, allowing for the development of highly customizable and scalable ultrasound solutions. The company's offerings include sensors, systems, and software designed to facilitate high-resolution imaging and measurement, particularly in non-destructive testing and medical fields.

Spire Global

Convertible Note in 2019
Spire Global, Inc., established in 2012 and headquartered in San Francisco with offices in Glasgow and Singapore, specializes in satellite data services. The company offers two primary data services: Spire Sense, which provides ship tracking data for applications such as illegal fishing monitoring, trade analysis, and maritime domain awareness; and Spire Stratus, which delivers global weather data. Additionally, Spire Global provides machine learning and analytics tools to enhance vessel detection and information gathering. Its clients include mining companies, government authorities, port operators, and those involved in arctic shipping routes.

Spire Global

Grant in 2019
Spire Global, Inc., established in 2012 and headquartered in San Francisco with offices in Glasgow and Singapore, specializes in satellite data services. The company offers two primary data services: Spire Sense, which provides ship tracking data for applications such as illegal fishing monitoring, trade analysis, and maritime domain awareness; and Spire Stratus, which delivers global weather data. Additionally, Spire Global provides machine learning and analytics tools to enhance vessel detection and information gathering. Its clients include mining companies, government authorities, port operators, and those involved in arctic shipping routes.

M Squared Lasers

Grant in 2019
M Squared Lasers is a manufacturer of advanced lasers and photonic instruments designed to enhance capabilities, reliability, and usability across various industrial and scientific sectors. With over twenty years of experience, the company specializes in harnessing the power of light to drive innovation and facilitate cross-sector partnerships. Its product offerings cater to diverse industries, including manufacturing, oil and gas, space technology, and healthcare. M Squared's technology plays a significant role in breakthroughs in fields such as dementia research, cancer diagnosis, and whiskey maturation. By providing cutting-edge solutions, M Squared Lasers aims to address complex challenges and accelerate advancements in multiple applications.

Novosound

Grant in 2019
Novosound Ltd is a company based in Edinburgh, United Kingdom, that specializes in manufacturing printable ultrasound sensors for various sectors, including aerospace, oil and gas, industrial, medical, veterinary, and dental applications. Founded in 2016, it emerged as the first spin-out from the University of the West of Scotland. Novosound employs innovative thin-film manufacturing techniques to overcome the limitations of traditional ultrasound technology, allowing for the development of highly customizable and scalable ultrasound solutions. The company's offerings include sensors, systems, and software designed to facilitate high-resolution imaging and measurement, particularly in non-destructive testing and medical fields.

Skylark Lasers

Venture Round in 2019
Skylark Lasers is a photonics company that specializes in the development and production of continuous wave (CW) single frequency diode-pumped solid-state (DPSS) lasers. Utilizing its proprietary BRaMMS Technology® platform, the company offers lasers known for their exceptional spectral performance and high output power. Skylark Lasers serves a diverse clientele across various industrial and scientific fields, providing solutions for applications such as microchip inspection, quantum sensing, metrology, avionics, wind power generation, defense, financial data servers, and biomedical research. The compact design of Skylark's NX lasers enables customers to reveal the unseen, detect the invisible, and measure the unknown effectively.

Skylark Lasers

Venture Round in 2018
Skylark Lasers is a photonics company that specializes in the development and production of continuous wave (CW) single frequency diode-pumped solid-state (DPSS) lasers. Utilizing its proprietary BRaMMS Technology® platform, the company offers lasers known for their exceptional spectral performance and high output power. Skylark Lasers serves a diverse clientele across various industrial and scientific fields, providing solutions for applications such as microchip inspection, quantum sensing, metrology, avionics, wind power generation, defense, financial data servers, and biomedical research. The compact design of Skylark's NX lasers enables customers to reveal the unseen, detect the invisible, and measure the unknown effectively.

Novosound

Venture Round in 2018
Novosound Ltd is a company based in Edinburgh, United Kingdom, that specializes in manufacturing printable ultrasound sensors for various sectors, including aerospace, oil and gas, industrial, medical, veterinary, and dental applications. Founded in 2016, it emerged as the first spin-out from the University of the West of Scotland. Novosound employs innovative thin-film manufacturing techniques to overcome the limitations of traditional ultrasound technology, allowing for the development of highly customizable and scalable ultrasound solutions. The company's offerings include sensors, systems, and software designed to facilitate high-resolution imaging and measurement, particularly in non-destructive testing and medical fields.

Skylark Lasers

Venture Round in 2017
Skylark Lasers is a photonics company that specializes in the development and production of continuous wave (CW) single frequency diode-pumped solid-state (DPSS) lasers. Utilizing its proprietary BRaMMS Technology® platform, the company offers lasers known for their exceptional spectral performance and high output power. Skylark Lasers serves a diverse clientele across various industrial and scientific fields, providing solutions for applications such as microchip inspection, quantum sensing, metrology, avionics, wind power generation, defense, financial data servers, and biomedical research. The compact design of Skylark's NX lasers enables customers to reveal the unseen, detect the invisible, and measure the unknown effectively.

Skylark Lasers

Venture Round in 2016
Skylark Lasers is a photonics company that specializes in the development and production of continuous wave (CW) single frequency diode-pumped solid-state (DPSS) lasers. Utilizing its proprietary BRaMMS Technology® platform, the company offers lasers known for their exceptional spectral performance and high output power. Skylark Lasers serves a diverse clientele across various industrial and scientific fields, providing solutions for applications such as microchip inspection, quantum sensing, metrology, avionics, wind power generation, defense, financial data servers, and biomedical research. The compact design of Skylark's NX lasers enables customers to reveal the unseen, detect the invisible, and measure the unknown effectively.

Ceres Holographics

Seed Round in 2016
Ceres Holographics specializes in digital holographic mastering and hologram replication technology, focusing on the production of precision-engineered holographic optical elements. Their innovative technology transforms transparent surfaces into highly transparent screens capable of displaying projected information, which significantly enhances the delivery of real-time data across various applications. In the automotive sector, Ceres's holographic displays are utilized in ultra-compact heads-up display (HUD) systems, which improve driver safety and comfort while offering engaging user experiences for both drivers and passengers. The company’s advanced manufacturing methods allow for scalable production of high-quality holographic optical elements, making it a leader in creating new mass-market display applications that enhance connectivity and usability in everyday life.

Spire Global

Grant in 2015
Spire Global, Inc., established in 2012 and headquartered in San Francisco with offices in Glasgow and Singapore, specializes in satellite data services. The company offers two primary data services: Spire Sense, which provides ship tracking data for applications such as illegal fishing monitoring, trade analysis, and maritime domain awareness; and Spire Stratus, which delivers global weather data. Additionally, Spire Global provides machine learning and analytics tools to enhance vessel detection and information gathering. Its clients include mining companies, government authorities, port operators, and those involved in arctic shipping routes.

Clyde Space

Venture Round in 2011
Clyde Space Ltd. designs and manufactures small and micro spacecraft systems, focusing on the growing small satellite market. Established in 2005 and based in Glasgow, United Kingdom, the company provides a range of products including power conditioning and distribution systems, CubeSat platforms, and spacecraft batteries. Their offerings also encompass electrical power systems, solar panels, attitude control systems, and various communication equipment such as transceivers and antennas. In addition, Clyde Space provides engineering education and training services, catering to international universities, commercial enterprises, and government organizations. The company serves clients primarily in the United Kingdom and European Union and operates as a subsidiary of ÅAC Microtec AB.
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