Scottish Enterprise

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.

Reuben Aitken

Managing Director, International Operations

Rhona Allison

Managing Director, Business Growth

Victoria Carmichael

Commercial Director

Mark Hallan

Global Director, Strategic Relationships

Jane Martin

Managing Director Of Business Services

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 GreenTech

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.

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.

Nebu-Flow

Venture Round in 2024
Nebu-Flow is a manufacturer focused on developing advanced inhaled drug delivery systems for patients with respiratory disorders. The company specializes in innovative technology that controls droplet size to enhance deep lung deposition, facilitating effective drug delivery through inhalation. This technology not only targets existing formulations but also accommodates emerging therapeutics, including biologics, nanomedicines, and vaccines. By enabling injection-free systemic drug delivery, Nebu-Flow aims to improve treatment options for various respiratory, cardiovascular, and central nervous system conditions. The company is also dedicated to minimizing its environmental impact while ensuring its nebulizers remain user-friendly and high-performing.

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.

Recycl8

Grant in 2023
Recycl8 is a company focused on transforming incinerator bottom ash (IBA) into a sustainable concrete solution, collaborating with the waste-to-energy and construction industries. By converting IBA, which is typically sent to landfills, into a low-carbon alternative for concrete production, Recycl8 aims to significantly reduce carbon emissions associated with traditional concrete manufacturing. This innovative process not only supports concrete manufacturers in lowering their carbon footprint but also contributes to broader climate goals. The company emphasizes its commitment to social and environmental responsibility while addressing the pressing need for sustainable construction materials.

Exergy3

Grant in 2023
Exergy3 is an energy storage company that increases energy efficiency and reduces carbon dioxide emissions from industrial processes. It is a spinout from the University of Edinburgh.

Solasta Bio

Grant in 2023
Solasta Bio specializes in the development of environmentally friendly agricultural products focused on crop protection. The company offers a range of biological pesticides and neuropeptide-based insect control solutions designed to address the challenges posed by pests, including those resistant to traditional synthetic chemicals. By providing effective natural alternatives, Solasta Bio aims to assist farmers in managing pest populations while enhancing crop production sustainably and safely. Its innovative approach aligns with the growing global demand for effective and eco-conscious agricultural practices.

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.

Green Bioactives

Seed Round in 2022
Green Bioactives is a company focused on sustainable biomanufacturing, specializing in the production of plant biomolecules through a cell-based platform. This innovative approach involves identifying, isolating, and cultivating plant vascular stem cells, allowing for the development of bioactive molecules suitable for various commercial applications. The company's technology aims to provide new solutions for the cosmetic, pharmaceutical, food, and agricultural sectors, addressing the global demand for efficient and sustainable food production. By leveraging natural plant biochemistry, Green Bioactives offers a reliable and economical alternative to traditional methods, promoting sustainability in multiple industries.

Bennu.ai

Grant in 2022
Bennu.ai is a producer of waste bins. They provide services for reducing the carbon footprint, increasing recycling rates, and reducing waste management costs. An online inquiry form is available on the company's website.

Smart Green Shipping

Grant in 2022
Smart Green Shipping develops technical, commercially viable, digitally enabled wind-powered solutions.

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.

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.

Dyneval

Series A in 2021
Dyneval specializes in portable technology for the analysis of cattle semen quality. Its innovative system measures semen motility in conditions that closely mimic natural environments, providing valuable insights into sperm behavior. By utilizing dynescan data, Dyneval's technology assists in formulating breeding plans and verifying semen quality throughout the supply chain. This approach aims to enhance livestock production, thereby contributing to food security while also addressing environmental concerns by reducing methane emissions. Ultimately, Dyneval's solutions help farmers minimize losses associated with low conception rates.

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.

Solasta Bio

Seed Round in 2021
Solasta Bio specializes in the development of environmentally friendly agricultural products focused on crop protection. The company offers a range of biological pesticides and neuropeptide-based insect control solutions designed to address the challenges posed by pests, including those resistant to traditional synthetic chemicals. By providing effective natural alternatives, Solasta Bio aims to assist farmers in managing pest populations while enhancing crop production sustainably and safely. Its innovative approach aligns with the growing global demand for effective and eco-conscious agricultural practices.

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.

Solasta Bio

Pre Seed Round in 2021
Solasta Bio specializes in the development of environmentally friendly agricultural products focused on crop protection. The company offers a range of biological pesticides and neuropeptide-based insect control solutions designed to address the challenges posed by pests, including those resistant to traditional synthetic chemicals. By providing effective natural alternatives, Solasta Bio aims to assist farmers in managing pest populations while enhancing crop production sustainably and safely. Its innovative approach aligns with the growing global demand for effective and eco-conscious agricultural practices.

FreeFlow Technologies

Venture Round in 2020
FreeFlow Technologies Limited, founded in 2012 and based in Glasgow, United Kingdom, specializes in the development of e-bikes and innovative transmission system technology. The company has created the SALTIRE e-bicycle, recognized as the world's lightest and most environmentally friendly electric bike, which is over 30% lighter than existing models. FreeFlow Technologies holds a patented technology that enhances the electrical bike market, focusing on improving the rider experience while preserving the traditional feel of cycling. Their designs incorporate subtle adjustments to the bike frame, allowing for versatile options for battery placement, whether removable or integrated within the frame, catering to a wide range of bike styles.

Sunamp

Series A in 2020
Sunamp is a company that provides industrial and residential heat battery storage systems using phase change materials. Its heat battery technologies are cost-effective, highly compact, stable, non-toxic, and IoT-enabled and are designed to provide a clean and efficient thermal energy storage solution. It was founded in 2006 by Andrew Bissell and is headquartered in Macmerry, East Lothian, Scotland.

Sunamp

Venture Round in 2020
Sunamp is a company that provides industrial and residential heat battery storage systems using phase change materials. Its heat battery technologies are cost-effective, highly compact, stable, non-toxic, and IoT-enabled and are designed to provide a clean and efficient thermal energy storage solution. It was founded in 2006 by Andrew Bissell and is headquartered in Macmerry, East Lothian, Scotland.

Zumo

Seed Round in 2020
Zumo believes everyone should have access to sustainable finance, and that blockchain has the power to deliver this globally. Its mission is to provide a better planet for digital assets, delivering sustainable, accessible and secure ways to unlock the benefits of web3. As an enterprise-focused digital-asset-as-a-service platform, Zumo’s turnkey, API-based infrastructure offers a fast, flexible and compliance-sensitive route to market, empowering fintechs, banks, asset managers and brands to offer their clients the tools of the future simply, securely and sustainably while also opening up new revenue streams, attracting new customers and supporting customer retention. A values-driven business, Zumo has underlined its commitment to a fairer society and a sustainable planet with an ambitious 2030 net zero strategy encompassing its own business; the blockchains it works with; and the wider digital asset ecosystem. Carbon-neutral since inception, the business is committed to ongoing collaboration in the decarbonisation of the digital assets industry. Zumo was an early signatory of the Crypto Climate Accord, the first digital asset business to receive UK government funding from the UK’s national innovation agency, Innovate UK, to further its applied work on the decarbonisation of digital assets, and is now a key contributor to industry guidance on the energy consumption of blockchain, working in tandem with the World Economic Forum and the OECD. Zumo’s infrastructure also powers the direct-to-consumer Zumo App, launched in the UK and registered with the Financial Conduct Authority (FCA).

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.

Sunamp

Series A in 2018
Sunamp is a company that provides industrial and residential heat battery storage systems using phase change materials. Its heat battery technologies are cost-effective, highly compact, stable, non-toxic, and IoT-enabled and are designed to provide a clean and efficient thermal energy storage solution. It was founded in 2006 by Andrew Bissell and is headquartered in Macmerry, East Lothian, Scotland.

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.

Synaptec

Seed Round in 2016
Synaptec Ltd. specializes in developing and deploying advanced photonic sensing systems that leverage existing optical fiber networks to enhance the monitoring of electrical networks. Founded in 2014 and based in Glasgow, United Kingdom, the company offers innovative solutions that measure critical parameters such as voltage, current, temperature, and vibration over long distances and at multiple locations, all using a single optical fiber. This technology helps reduce electrical power transmission costs by minimizing outages, preventing circuit damage, and decreasing the need for civil works. Synaptec's systems provide significant benefits to electricity network operators and society, including cost savings, improved security of energy supply, and lower emissions. Through its patented technologies, Synaptec aims to maximize the stability of power networks and facilitate the integration of renewable energy sources.

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.

Sunamp

Seed Round in 2015
Sunamp is a company that provides industrial and residential heat battery storage systems using phase change materials. Its heat battery technologies are cost-effective, highly compact, stable, non-toxic, and IoT-enabled and are designed to provide a clean and efficient thermal energy storage solution. It was founded in 2006 by Andrew Bissell and is headquartered in Macmerry, East Lothian, Scotland.

Connect-In

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.

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.

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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