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 Fuel Cell
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.
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.
Arcola Energy
Grant in 2021
Arcola Energy is a leader in hydrogen and fuel cell integration, specializing in zero-emission solutions for heavy-duty vehicles and transport applications.
Pyreos
Venture Round in 2016
Pyreos Limited, founded in 2007 and based in Edinburgh, United Kingdom, specializes in developing infrared sensor array products using patented thin film pyro-electric ceramic technology. The company focuses on providing high-performance, compact sensors for three primary markets: food safety, gas detection and analysis, and fuel and oil condition monitoring. These sectors present significant opportunities, valued at over $1.2 billion, as Pyreos's sensors operate in the mid-infrared spectrum, allowing for precise identification of the molecular composition of materials. Its product offerings include bare die arrays, packaged components, and custom arrays designed for applications such as motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras.
Pyreos
Convertible Note in 2015
Pyreos Limited, founded in 2007 and based in Edinburgh, United Kingdom, specializes in developing infrared sensor array products using patented thin film pyro-electric ceramic technology. The company focuses on providing high-performance, compact sensors for three primary markets: food safety, gas detection and analysis, and fuel and oil condition monitoring. These sectors present significant opportunities, valued at over $1.2 billion, as Pyreos's sensors operate in the mid-infrared spectrum, allowing for precise identification of the molecular composition of materials. Its product offerings include bare die arrays, packaged components, and custom arrays designed for applications such as motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras.
Pyreos
Venture Round in 2013
Pyreos Limited, founded in 2007 and based in Edinburgh, United Kingdom, specializes in developing infrared sensor array products using patented thin film pyro-electric ceramic technology. The company focuses on providing high-performance, compact sensors for three primary markets: food safety, gas detection and analysis, and fuel and oil condition monitoring. These sectors present significant opportunities, valued at over $1.2 billion, as Pyreos's sensors operate in the mid-infrared spectrum, allowing for precise identification of the molecular composition of materials. Its product offerings include bare die arrays, packaged components, and custom arrays designed for applications such as motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras.
Pyreos
Venture Round in 2012
Pyreos Limited, founded in 2007 and based in Edinburgh, United Kingdom, specializes in developing infrared sensor array products using patented thin film pyro-electric ceramic technology. The company focuses on providing high-performance, compact sensors for three primary markets: food safety, gas detection and analysis, and fuel and oil condition monitoring. These sectors present significant opportunities, valued at over $1.2 billion, as Pyreos's sensors operate in the mid-infrared spectrum, allowing for precise identification of the molecular composition of materials. Its product offerings include bare die arrays, packaged components, and custom arrays designed for applications such as motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras.
Pyreos
Convertible Note in 2011
Pyreos Limited, founded in 2007 and based in Edinburgh, United Kingdom, specializes in developing infrared sensor array products using patented thin film pyro-electric ceramic technology. The company focuses on providing high-performance, compact sensors for three primary markets: food safety, gas detection and analysis, and fuel and oil condition monitoring. These sectors present significant opportunities, valued at over $1.2 billion, as Pyreos's sensors operate in the mid-infrared spectrum, allowing for precise identification of the molecular composition of materials. Its product offerings include bare die arrays, packaged components, and custom arrays designed for applications such as motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras.
Pyreos
Venture Round in 2011
Pyreos Limited, founded in 2007 and based in Edinburgh, United Kingdom, specializes in developing infrared sensor array products using patented thin film pyro-electric ceramic technology. The company focuses on providing high-performance, compact sensors for three primary markets: food safety, gas detection and analysis, and fuel and oil condition monitoring. These sectors present significant opportunities, valued at over $1.2 billion, as Pyreos's sensors operate in the mid-infrared spectrum, allowing for precise identification of the molecular composition of materials. Its product offerings include bare die arrays, packaged components, and custom arrays designed for applications such as motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras.
Pyreos
Venture Round in 2009
Pyreos Limited, founded in 2007 and based in Edinburgh, United Kingdom, specializes in developing infrared sensor array products using patented thin film pyro-electric ceramic technology. The company focuses on providing high-performance, compact sensors for three primary markets: food safety, gas detection and analysis, and fuel and oil condition monitoring. These sectors present significant opportunities, valued at over $1.2 billion, as Pyreos's sensors operate in the mid-infrared spectrum, allowing for precise identification of the molecular composition of materials. Its product offerings include bare die arrays, packaged components, and custom arrays designed for applications such as motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras.
Pyreos
Convertible Note in 2007
Pyreos Limited, founded in 2007 and based in Edinburgh, United Kingdom, specializes in developing infrared sensor array products using patented thin film pyro-electric ceramic technology. The company focuses on providing high-performance, compact sensors for three primary markets: food safety, gas detection and analysis, and fuel and oil condition monitoring. These sectors present significant opportunities, valued at over $1.2 billion, as Pyreos's sensors operate in the mid-infrared spectrum, allowing for precise identification of the molecular composition of materials. Its product offerings include bare die arrays, packaged components, and custom arrays designed for applications such as motion and occupancy detection, flame detection, people counting, spectroscopy, gas detection, and infrared cameras.
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