Scottish Enterprise is Scotland's primary economic development agency, functioning as a non-departmental public body of the Scottish Government. Established in 1991 and based in Glasgow, it aims to enhance Scotland's economic landscape by fostering an innovative and productive economy with a strong international presence. The agency collaborates with both public and private sectors to identify and leverage opportunities for sustainable economic growth. It supports small and medium-sized enterprises (SMEs) by connecting them with appropriate funding sources, facilitating access to finance, and assisting in management and growth strategies. Scottish Enterprise specifically targets sectors such as food and drink, creative industries, financial services, renewable energy, healthcare, and biotechnology. Additionally, it partners with various investors, including business angels and venture capitalists, to strengthen the funding landscape for Scottish businesses, ultimately contributing to the broader objectives outlined in its business plan.
Managing Director of Scottish Development International and Group Head of Strategy and Technology
Susan Armes
Senior Investment Manager
Past deals in CleanTech
Ace Aquatec
Venture Round in 2025
Ace Aquatec is specialises in acoustic marine mammal deterrents and humane electrical fish stunning equipment. Our markets are aquaculture, off-shore construction / demolition and fishermen. The US3 is the latest model of acoustic deterrent for the fish farming industry offering data logging, high and low frequency transducers, and sonar triggering. The MMD is offered to the long line fishermen, to offshore platforms engaged in pile driving and government organisations engaged in post oil spillage response. The sophisticated electronics drives marine wildlife to a zone of safety.
UFraction8
Venture Round in 2025
uFraction8 provides scalable bioprocessing technology enabling biomass filtration, separation and dewatering, used with wide range of microbes like micro algae, yeast and bacteria, sorting biomass from culture medium with no harm and no flocculants unlike centrifuges, filters and membranes.
Kaly
Seed Round in 2024
Kaly is a seaweed farming company focused on providing nature-based solutions to significant environmental challenges. It operates its own farms to cultivate seaweed, which is processed into biostimulants and serves various industries, including food, animal feed, and fertilizers. Kaly's vertical integration allows it to supply bio-based feedstock for a range of applications, including plastic alternatives, cosmetics, pharmaceuticals, and textiles. The company combines a commitment to sustainability with innovative practices, aiming to address pressing ecological issues while promoting the diverse uses of seaweed.
HonuWorx
Seed Round in 2024
HonuWorx is a technology company specializing in autonomous systems designed to enhance the efficiency and sustainability of robotic operations. The company's innovative software platform utilizes an edge-cloud architecture to facilitate communication and control among geographically distributed stakeholders, enabling them to monitor and manage robotic systems even when they are beyond line-of-sight. HonuWorx develops subsea robotics that support unmanned marine operations, significantly reducing dependence on large, costly manned vessels. By integrating off-the-shelf technologies, the company promotes lean operations and minimizes travel needs for offshore work, thereby aiding industries in restoring, exploring, and sustainably commercializing ocean resources.
ULEMCo
Venture Round in 2024
ULEMCo Limited is a company based in Liverpool, United Kingdom, that focuses on retrofitting hydrogen hybrid combustion technology for commercial vehicles. Established in 2014, ULEMCo specializes in converting diesel transit vans and other heavy-duty vehicles to operate on a hydrogen-diesel mix, thereby promoting a transition to cleaner fuel alternatives. The company also conducts research and development aimed at creating zero-emission hydrogen engines and fuel cell vehicles, which include specialized applications such as ambulances, fire engines, and refuse trucks. By advancing hydrogen technology, ULEMCo aims to support the automobile industry in reducing air pollution and enhancing environmental sustainability.
Flock Mobility
Grant in 2024
Flock Mobility is a UK-based B2B cleantech company backed by the European Space Agency. Its AI-driven EV fleet platform helps organisations run cleaner, more efficient shared transport services by optimising vehicle utilisation, routing, and booking. Flock empowers operators and partners to reduce emissions, cut costs, and increase access through smart, demand-responsive mobility.
Intelligent Growth Solutions
Series C in 2024
IGS makes platforms that deliver ideal climates for plants and people, based upon a culture of continuous innovation, brilliant, simple design and a refusal to accept conventional technical thinking.
Mocean Energy
Venture Round in 2023
Mocean Energy, founded in 2015 and based in Edinburgh, United Kingdom, specializes in developing innovative technologies that harness wave energy to promote a transition to a zero-carbon future. The company focuses on an energy converter that enhances the generation and utilization of electricity from renewable sources. This converter drives a power take-off mechanism that transforms kinetic energy from ocean waves into electricity. As a result, Mocean Energy enables customers to access reliable and affordable renewable energy to power various subsea applications, including control systems, remotely operated vehicles, and autonomous underwater vehicles.
Carbogenics
Seed Round in 2023
Carbogenics Ltd is a company based in Edinburgh, United Kingdom, specializing in the development and production of sustainable fertilizers and bio-additives. Established in 2016, Carbogenics has created an innovative process that transforms disposable coffee cups and other non-recyclable paper waste into a carbon-rich material, known as CreChar. This product serves as a carbon additive that enhances biogas production in anaerobic digestion and improves plant growth, ultimately benefiting farmers by increasing crop yields and profitability. In addition to its product offerings, Carbogenics also provides consultancy and analytical services to operators in the anaerobic digestion and wastewater treatment sectors, addressing customer inquiries through various communication channels.
Liftango
Venture Round in 2023
Liftango is a developer of a ridesharing and on-demand transport platform that focuses on optimizing transport systems to address climate change. The company assists organizations in planning, launching, and scaling shared mobility programs, thereby enhancing access to essential public transport services. By promoting more sustainable transport options, Liftango aims to help its clients achieve their carbon reduction goals and contribute to a sustainable, climate-positive future. Through its innovative solutions, Liftango empowers global organizations to implement effective shared transport systems.
ETZ
Grant in 2023
ETZ is a pioneer in the field of net zero energy transition and a net exporter of goods, services, technology, and expertise.
Revive Eco
Seed Round in 2022
Revive Eco is a resource management company focused on transforming used coffee grounds into valuable natural products. Established by individuals with extensive experience in the food and beverage industry, the company aims to address the growing issue of waste generated from coffee consumption. By utilizing innovative technology, Revive Eco extracts high-value biochemicals from coffee grounds, which can be applied across various industries. This approach not only minimizes waste but also maximizes value and contributes to reducing carbon emissions, thereby promoting a more sustainable future.
Merchant City Technologies LTD
Grant in 2022
AI enabled, real-time, wind asset management technology features real-time control software as a service solution and prescriptive maintenance for wind power and other renewable energy sectors. MCT’s SaaS optimization system combines turbine component health, energy market pricing and environmental parameters to attain peak wind turbine operating performance. MCT is a high impact subscription-based Solution that extends asset life, lowers maintenance costs and increases an operator’s ROI. Industry first, automated control system maximizes wind power output by optimizing the entire turbine fleet not just individual units.
Innovatium
Seed Round in 2022
Innovatium is a technology company dedicated to advancing renewable energy solutions. The company specializes in inventing, developing, and commercializing equipment and processes designed to lower the carbon intensity of existing systems. By leveraging expertise and innovation, Innovatium aims to create energy-efficient technologies that significantly reduce the carbon footprint of its clients. This focus on sustainability enables businesses to incorporate a higher proportion of renewable energy into their energy mix, contributing positively to environmental conservation efforts.
Mocean Energy
Seed Round in 2022
Mocean Energy, founded in 2015 and based in Edinburgh, United Kingdom, specializes in developing innovative technologies that harness wave energy to promote a transition to a zero-carbon future. The company focuses on an energy converter that enhances the generation and utilization of electricity from renewable sources. This converter drives a power take-off mechanism that transforms kinetic energy from ocean waves into electricity. As a result, Mocean Energy enables customers to access reliable and affordable renewable energy to power various subsea applications, including control systems, remotely operated vehicles, and autonomous underwater vehicles.
Verlume
Venture Round in 2022
Verlume specializes in subsea power hub technology that focuses on generating, storing, and supplying electrical power from ocean currents and tides. The company's innovative solutions are designed to help clients in underwater, offshore, and onshore sectors reduce their carbon footprint and decarbonize their operations. By converting renewable energy from marine environments into usable electrical power, Verlume enables its clients to harness clean energy while minimizing environmental impact.
UFraction8
Seed Round in 2022
uFraction8 provides scalable bioprocessing technology enabling biomass filtration, separation and dewatering, used with wide range of microbes like micro algae, yeast and bacteria, sorting biomass from culture medium with no harm and no flocculants unlike centrifuges, filters and membranes.
Liftango
Series A in 2022
Liftango is a developer of a ridesharing and on-demand transport platform that focuses on optimizing transport systems to address climate change. The company assists organizations in planning, launching, and scaling shared mobility programs, thereby enhancing access to essential public transport services. By promoting more sustainable transport options, Liftango aims to help its clients achieve their carbon reduction goals and contribute to a sustainable, climate-positive future. Through its innovative solutions, Liftango empowers global organizations to implement effective shared transport systems.
Intelligent Growth Solutions
Series B in 2021
IGS makes platforms that deliver ideal climates for plants and people, based upon a culture of continuous innovation, brilliant, simple design and a refusal to accept conventional technical thinking.
ULEMCo
Venture Round in 2021
ULEMCo Limited is a company based in Liverpool, United Kingdom, that focuses on retrofitting hydrogen hybrid combustion technology for commercial vehicles. Established in 2014, ULEMCo specializes in converting diesel transit vans and other heavy-duty vehicles to operate on a hydrogen-diesel mix, thereby promoting a transition to cleaner fuel alternatives. The company also conducts research and development aimed at creating zero-emission hydrogen engines and fuel cell vehicles, which include specialized applications such as ambulances, fire engines, and refuse trucks. By advancing hydrogen technology, ULEMCo aims to support the automobile industry in reducing air pollution and enhancing environmental sustainability.
Mocean Energy
Seed Round in 2020
Mocean Energy, founded in 2015 and based in Edinburgh, United Kingdom, specializes in developing innovative technologies that harness wave energy to promote a transition to a zero-carbon future. The company focuses on an energy converter that enhances the generation and utilization of electricity from renewable sources. This converter drives a power take-off mechanism that transforms kinetic energy from ocean waves into electricity. As a result, Mocean Energy enables customers to access reliable and affordable renewable energy to power various subsea applications, including control systems, remotely operated vehicles, and autonomous underwater vehicles.
Verlume
Venture Round in 2020
Verlume specializes in subsea power hub technology that focuses on generating, storing, and supplying electrical power from ocean currents and tides. The company's innovative solutions are designed to help clients in underwater, offshore, and onshore sectors reduce their carbon footprint and decarbonize their operations. By converting renewable energy from marine environments into usable electrical power, Verlume enables its clients to harness clean energy while minimizing environmental impact.
CuanTec
Venture Round in 2019
CuanTec are a Scottish based blue biotech company making compostable, antimicrobial bioplastic from waste of the fisheries industry, providing an environmentally responsible alternative to polluting packaging. CuanTec are using a circular economy solution where waste from processing of the fisheries industry is put to good use. Cuantec extracts chitin from marine waste, langoustines caught in the pollution free waters of the North Atlantic. Our chitin is obtained biologically, thanks to harmless bacteria, in a low-energy process with minimal wastage, and at a high yield providing a very high-quality product. Our chitosan is obtained thanks to an innovative sustainable process, using less energy and 5 time less sodium hydroxide than the current chemical process.
Intelligent Growth Solutions
Series A in 2019
IGS makes platforms that deliver ideal climates for plants and people, based upon a culture of continuous innovation, brilliant, simple design and a refusal to accept conventional technical thinking.
cyclotricity
Grant in 2018
Cyclotricity is a British company that specializes in the design and manufacture of electric bicycles and conversion kits. Known for producing the UK's best-selling electric bike conversion kit, Cyclotricity offers a diverse range of battery-powered bicycles that cater to various designs and technical specifications. The company emphasizes eco-friendly transportation solutions, making it suitable for regular commutes. All motors used in their products are handmade, highlighting the company's commitment to quality craftsmanship.
CuanTec
Seed Round in 2016
CuanTec are a Scottish based blue biotech company making compostable, antimicrobial bioplastic from waste of the fisheries industry, providing an environmentally responsible alternative to polluting packaging. CuanTec are using a circular economy solution where waste from processing of the fisheries industry is put to good use. Cuantec extracts chitin from marine waste, langoustines caught in the pollution free waters of the North Atlantic. Our chitin is obtained biologically, thanks to harmless bacteria, in a low-energy process with minimal wastage, and at a high yield providing a very high-quality product. Our chitosan is obtained thanks to an innovative sustainable process, using less energy and 5 time less sodium hydroxide than the current chemical process.
CelluComp
Venture Round in 2016
CelluComp Ltd. is a material science company based in Burntisland, United Kingdom, that specializes in the production of biobased materials derived from waste streams in the food processing industry. The company has developed Curran, a high-performance material made from nano-cellulose fibers extracted from root vegetables. Curran is available in paste, slurry, and powder forms and is suitable for a wide range of applications, including paints, coatings, paper, food products, personal care, home care, cosmetics, concrete, drilling fluids, and composites. CelluComp distributes its products across several regions, including the United Kingdom, Germany, the Netherlands, Poland, France, Spain, Portugal, the Middle East, and the United Arab Emirates. Founded in 2004, CelluComp focuses on creating sustainable, non-hydrocarbon-based materials that enhance product performance while also promoting cost savings for its clients.
Connect-In Ltd
Angel Round in 2014
Connect-In Ltd. stands for innovative Bluetooth IoT solutions, sustainable development, and state-of-the art design. Their sensors are built to be long lasting and power efficient (lasts 1-4 years on replaceable coin cell batteries) to make IoT understandable, accessible, and affordable, and to power the next generation of the Internet of Things.
CelluComp
Seed Round in 2013
CelluComp Ltd. is a material science company based in Burntisland, United Kingdom, that specializes in the production of biobased materials derived from waste streams in the food processing industry. The company has developed Curran, a high-performance material made from nano-cellulose fibers extracted from root vegetables. Curran is available in paste, slurry, and powder forms and is suitable for a wide range of applications, including paints, coatings, paper, food products, personal care, home care, cosmetics, concrete, drilling fluids, and composites. CelluComp distributes its products across several regions, including the United Kingdom, Germany, the Netherlands, Poland, France, Spain, Portugal, the Middle East, and the United Arab Emirates. Founded in 2004, CelluComp focuses on creating sustainable, non-hydrocarbon-based materials that enhance product performance while also promoting cost savings for its clients.
Waveblade
Venture Round in 2013
Wavecraft Ltd is a family-owned company focused on developing innovative technologies for bio-fouling removal. Their flagship product is a submersible handheld power tool designed to facilitate the cleaning of various surfaces, including boat hulls, docks, and inflatables, without causing damage. The tool effectively removes stubborn bio-fouling such as barnacles and mussel deposits, making maintenance easier for users. Wavecraft is committed to meeting customer needs while also emphasizing the importance of environmental stewardship, reflecting their core mission to treat others as they wish to be treated.
Smarter Grid Solutions
Funding Round in 2013
Smarter Grid Solutions has become the UK's leading dedicated smart grid technology company, with offices in Glasgow, London and New York. They work with a growing number of large power companies and utilities in the UK, mainland Europe and the US, running smart grid projects for both rural and urban electricity grids. Smarter Grid Solutions creates and delivers technologies cdesigned to help electricity distribution companies to integrate Distributed Energy Resources (DER). They are pioneers of Active Network Management, a new approach to grid management which uses software, automation and control to manage grid connected DER in real time.
Waveblade
Seed Round in 2012
Wavecraft Ltd is a family-owned company focused on developing innovative technologies for bio-fouling removal. Their flagship product is a submersible handheld power tool designed to facilitate the cleaning of various surfaces, including boat hulls, docks, and inflatables, without causing damage. The tool effectively removes stubborn bio-fouling such as barnacles and mussel deposits, making maintenance easier for users. Wavecraft is committed to meeting customer needs while also emphasizing the importance of environmental stewardship, reflecting their core mission to treat others as they wish to be treated.
Albagaia
Venture Round in 2012
Albagaia Ltd is a British environmental technology company specialising in the environmentally-sound destruction of micro-organisms and harmful organic compounds.
IRT Surveys
Series B in 2010
IRT Surveys Limited is an infrared thermal imaging company based in Dundee, United Kingdom, that specializes in non-destructive testing and diagnosis of building defects and energy inefficiencies. Founded in 2002, the company offers a range of services including thermal imaging, infrared building surveys, energy audits, air leakage detection, and electronic leak detection. Additionally, it provides energy performance certificates and maintenance planning services. IRT Surveys focuses on rapid analysis and quantification of infrared images, utilizing proprietary software to assess energy loss effectively, helping clients identify issues and plan for improvements in energy efficiency and property condition.
IRT Surveys
Series A in 2009
IRT Surveys Limited is an infrared thermal imaging company based in Dundee, United Kingdom, that specializes in non-destructive testing and diagnosis of building defects and energy inefficiencies. Founded in 2002, the company offers a range of services including thermal imaging, infrared building surveys, energy audits, air leakage detection, and electronic leak detection. Additionally, it provides energy performance certificates and maintenance planning services. IRT Surveys focuses on rapid analysis and quantification of infrared images, utilizing proprietary software to assess energy loss effectively, helping clients identify issues and plan for improvements in energy efficiency and property condition.
Cascade Technologies
Venture Round in 2008
Cascade Technologies offers a number of products that allow for monitoring of greenhouse and general industrial emissions, hazardous gases, explosives and drugs.
Cascade Technologies
Series B in 2006
Cascade Technologies offers a number of products that allow for monitoring of greenhouse and general industrial emissions, hazardous gases, explosives and drugs.
CelluComp
Seed Round in 2006
CelluComp Ltd. is a material science company based in Burntisland, United Kingdom, that specializes in the production of biobased materials derived from waste streams in the food processing industry. The company has developed Curran, a high-performance material made from nano-cellulose fibers extracted from root vegetables. Curran is available in paste, slurry, and powder forms and is suitable for a wide range of applications, including paints, coatings, paper, food products, personal care, home care, cosmetics, concrete, drilling fluids, and composites. CelluComp distributes its products across several regions, including the United Kingdom, Germany, the Netherlands, Poland, France, Spain, Portugal, the Middle East, and the United Arab Emirates. Founded in 2004, CelluComp focuses on creating sustainable, non-hydrocarbon-based materials that enhance product performance while also promoting cost savings for its clients.
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