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 Wearables
Neuranics
Grant in 2024
Neuranics is a company focused on developing advanced magnetic sensors integrated with semiconductor technology for applications in health, fitness, and the metaverse. Their proprietary technology is designed to detect minute magnetic impulses produced by the body's organs, utilizing scalable spintronics sensors. This innovative approach aims to address the limitations of current health monitoring devices and enhance human-machine interfaces. By leveraging magnetic sensing, Neuranics seeks to improve the interaction with the central, peripheral, and autonomic nervous systems, as well as muscles, thereby offering significant advancements for healthcare companies in creating next-generation wearable and implantable devices.
Waire
Venture Round in 2023
Waire Health specializes in the development of wearable vital sign monitoring devices aimed at identifying high-risk patients in hospital wards and at home. By employing advanced artificial intelligence, the company's technology continuously monitors vital signs to detect patterns that may indicate the onset of conditions such as sepsis. This proactive monitoring allows clinicians to receive timely information, facilitating early intervention and improving patient outcomes. By operating autonomously, Waire's solutions help reduce healthcare costs while enhancing the quality of care for patients.
Shot Scope
Series A in 2022
Shot Scope is a company based in Edinburgh, United Kingdom, that specializes in developing performance-tracking devices for golfers. Its technology is designed to collect and analyze various statistics from golf games, allowing players to improve their performance by identifying areas of weakness. The device provides insights into club distances, approaches, short games, tee shots, and putting, enabling golfers to make informed decisions during play and tailor their practice sessions accordingly. The company has been conducting trials on UK golf courses and anticipates a general release of its product.
StretchSense
Series A in 2022
StretchSense specializes in sensor-based technology for capturing hand motion data, focusing on the development of innovative performance capture gloves known as MoCap Pro gloves. These gloves utilize advanced stretch sensor technology, allowing for accurate and comfortable hand tracking. They incorporate soft capacitors that respond to stretching and squeezing, measuring these changes with precision. The gloves work seamlessly with various industry-leading software platforms such as Maya, Unreal Engine, and Unity, as well as with optical systems like OptiTrack, Qualisys, and Vicon. By integrating machine learning with their hardware, StretchSense provides animators, game developers, and film studios with the tools needed for lifelike animations and enhanced performance capture capabilities.
Aiber
Venture Round in 2022
Aiber develops innovative software and medical support systems aimed at enhancing emergency care in challenging environments, such as in the air or at sea. Their solutions leverage Bluetooth sensors to enable wireless monitoring of vital signs, facilitating the identification of patient deterioration or improvement. By providing medical-grade sensors, Aiber empowers crews to manage medical emergencies with confidence and ensures that vital health information is shared with ground-based medical providers. This approach allows flight businesses to deliver consistent and effective care to passengers during flights, supporting international first response efforts on the frontline of emergency care.
Current Health
Series A in 2019
Current Health help healthcare reduces risk & cost by monitoring, managing, and engaging patients at home.
Current Health
Venture Round in 2019
Current Health help healthcare reduces risk & cost by monitoring, managing, and engaging patients at home.
Aiber
Seed Round in 2019
Aiber develops innovative software and medical support systems aimed at enhancing emergency care in challenging environments, such as in the air or at sea. Their solutions leverage Bluetooth sensors to enable wireless monitoring of vital signs, facilitating the identification of patient deterioration or improvement. By providing medical-grade sensors, Aiber empowers crews to manage medical emergencies with confidence and ensures that vital health information is shared with ground-based medical providers. This approach allows flight businesses to deliver consistent and effective care to passengers during flights, supporting international first response efforts on the frontline of emergency care.
Aiber
Grant in 2019
Aiber develops innovative software and medical support systems aimed at enhancing emergency care in challenging environments, such as in the air or at sea. Their solutions leverage Bluetooth sensors to enable wireless monitoring of vital signs, facilitating the identification of patient deterioration or improvement. By providing medical-grade sensors, Aiber empowers crews to manage medical emergencies with confidence and ensures that vital health information is shared with ground-based medical providers. This approach allows flight businesses to deliver consistent and effective care to passengers during flights, supporting international first response efforts on the frontline of emergency care.
FINDRA
Seed Round in 2016
FINDRA is a Scottish brand that specializes in high-performance outdoor and adventure clothing for women. The company focuses on designing stylish, versatile, and sustainable apparel made from Italian sports merino wool, which offers natural moisture-wicking properties. FINDRA's mission is to inspire women to embrace an active lifestyle and explore the outdoors without sacrificing performance or style. Operating through an e-commerce platform, the brand aims to encourage consumers to engage in healthy adventures and enhance their well-being.
Shot Scope
Seed Round in 2015
Shot Scope is a company based in Edinburgh, United Kingdom, that specializes in developing performance-tracking devices for golfers. Its technology is designed to collect and analyze various statistics from golf games, allowing players to improve their performance by identifying areas of weakness. The device provides insights into club distances, approaches, short games, tee shots, and putting, enabling golfers to make informed decisions during play and tailor their practice sessions accordingly. The company has been conducting trials on UK golf courses and anticipates a general release of its product.
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