Early-stage companies based in the Edinburgh Business School (EBS) Incubator at Heriot-Watt University have seen several successes since its opening in 2018.
Almost 50 jobs have now been created, and a combined turnover of more than £1 million has been generated during their incubation period, according to a new report.
Since opening the facility, a total of 30 competitively selected startups have received specialist support to help them take their ambitions to the next stage.
A diverse range of startups have benefited, including:
- SolarisKit – Flat-pack portable solar energy
- Meander Apparel – Design and manufacture of ethical outdoor clothing
- SussMyBike – Suspension tuning for mountain bikers
- IMERAI – Enabling the next generation of interactive AI through echolocation
- IntelliDigest – On a mission to end food waste
The report shows a series of other milestones were achieved over the first two years include filing 12 patents and securing of £293,000 of private investment. The incubator has also gained £971,068 of funding from Innovate UK, Royal Academy of Engineering, RBS BackHer, Santander Emerging Entrepreneurs and other funders.
Kallum Russell, Edinburgh Business School Incubator Manager, said: “We are delighted with the results of our first two years of operation and it’s a testament to the talented businesses we work with – from sports fashion and business consultancy to those using technology for social benefit.
“During the unprecedented period, nurturing a sense of community has been especially important. The pandemic certainly hasn’t stopped our work – it means there’s even more of a need for entrepreneurs and details of how to apply to join our next cohort will be announced soon.”
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The EBS Incubator aims to provide help for startups at a variety of stages, from proof of concept through to early trading and providing free desk space, training, workshops and mentorship on site.
Firms can also access support and enterprise development activities throughout the Scottish Universities network and the broader support community.
Laura Galloway, Professor of Business and Enterprise at Heriot-Watt University added: “The range and variety of businesses hosted by Edinburgh Business School’s Incubator reflects our multidisciplinary approach towards entrepreneurship education and business support.
“Our programme is open to all startups regardless of their pre-existing links with the University, and the number and quality of applications we receive prove that there is a huge demand for early-stage business support in Scotland.”