Already, the new Edinburgh Business School Incubator has welcomed its first cohort of nine businesses, who have moved into the on-campus premises. Businesses accepted to the incubator range from innovators in remote monitoring for elderly care to geothermal energy specialists. The nine businesses, which have been granted a free one-year residency, will benefit from access to fully equipped offices, training and workshops, and the opportunity to work with a mentor.
According to Heriot-Watt University, of which the Edinburgh Business School is a graduate school, the incubator will provide a free and safe harbour for early-stage businesses to validate their ideas and identify suitable markets for their products. Kallum Russel, Chief Enterprise Officer at Acorn Enterprise, will be responsible for coordinating the Edinburgh Business School Incubator.
New Incubator to Nurture Innovation
Russel, who is a supporter and champion of entrepreneurship in Scotland, said: “I passionately believe that the addition of this new Incubator on campus will help to cement entrepreneurship and innovation at the very heart of the Business School and the University. Edinburgh Business School’s Incubator offers a flexible provision for firms at a variety of stages of start-up, from proof of concept through to early trading. We will also be on hand to offer mentoring and advice for our entrepreneurs and provide access to business training and speaker events. This is a fantastic opportunity to join a new business community.”
The Executive Dean of Edinburgh Business School and the strategist behind the incubator, Professor Heather McGregor, said: “We are very excited that our first cohort will include alumni of Heriot-Watt, as well as other businesses new to the University. The range of talent in this first cohort is impressive, including firms that are using technology to make a social contribution, through to sports fashion and business consultancy.
“The Incubator has been in the planning for some time and we’re honoured that HRH who champions entrepreneurship was here to open it. We set this venture up to support entrepreneurs and their companies during the crucial, forming stages of their business path and we hope that they will benefit from this opportunity and make real progress over the coming year.”
The First Nine Firms in the Incubator Are:
HeadSpace Technologies – innovation in remote monitoring for elderly care
TownRock Energy – geothermal energy specialists
OurNuptialChest – a wedding gift cash registry
Loft Boarding Scotland – a raised loft flooring agency
Torehill – marketing strategy consultancy
Meander – design and manufacture of outdoor clothing
TurtlePack – swimming training aid for children
Inventapod – compact and portable workstations