EDGE Pledge Supports Scotland’s Future Entrepreneurs
Scottish EDGE, the competition to find and reward Scotland’s most promising new entrepreneurs and businesses has launched a new initiative – the EDGE Pledge – to support future winners.
The Scottish EDGE Pledge asks recipients of EDGE funding to pledge a minimum of 1% of future revenue streams, or a business exit, to back future entrepreneurs through the programme.
The first Scottish EDGE-backed companies to sign the EDGE Pledge are:
- Amiqus (Callum Murray)
- TV Squared (Calum Smeaton)
- Rock Rose Gin (Martin Murray)
- Beauty Kitchen (Jo Chidley)
- Beer 52 (James Brown)
- Spyglass Innovations (Garry Stewart)
- Uisge Source (Graeme Lindsay)
- Uuni (Darina Garland, Kristian Tapaninaho)
- Trtl (Michael Corrigan, David Kellock)
- Glaze & Save (Tanya Ewing)
- Supernature Oils (Lynn Mann)
To date Scottish EDGE has awarded over £8 Million through 262 awards. This has helped to create over 800 jobs and boosted turnover of recipients by £45 Million while helping them to secure an additional £44 Million in investment.
Evelyn McDonald, CEO of Scottish EDGE, said, “Scotland is building one of the most exciting startup ecosystems in the world and what founders are telling us is that they want to find more ways in which to give back to the community that supported their own growth and success.”
Sir Tom Hunter, founder of The Hunter Foundation, said, “This is a fundamental step forward in the mindset of Scotland’s entrepreneurs, underpinning the culture of giving back with purpose – in this case supporting the next generation of entrepreneurs by sharing in their own success. This is absolutely creating a virtuous circle where success supports success, entrepreneurs help one another and ultimately Scotland wins out.”
Michael Corrigan of Trtl, said “Scottish EDGE came at a point in our journey where we needed the funding to really scale a proven concept. It allowed us to place our first order with a mass manufacturer and gave us the freedom to grow the business the way we wanted to. It gives me great pleasure to sign the Scottish EDGE Pledge today and commit to giving something back.”
David Shearer, Chairman of Scottish EDGE, said: “Through the Scottish EDGE Pledge, we want to encourage our Alumni to pay it forward helping us to make Scottish EDGE a sustainable fund to support our future entrepreneurs.”
The winners of the most recent EDGE Round (round 9) winners in 2016 included:
The next EDGE round (round 10) takes place on the 22nd of June at the Royal Bank of Scotland’s Conference Centre at Gogarburn where £1.3 Million in grant and loan funding will be awarded to 40 Scottish startups.
Scottish EDGE is supported by the Royal Bank of Scotland, The Hunter Foundation and the Scottish Government.