ScaleUp Scotland is a new programme to help Scottish high-growth companies by ’empowering entrepreneurs to share their experience and develop the skills needed to successfully tackle the challenges associated with scaling.’
The programme’s website states its goals very simply: “Our collective ambition is to support fellow entrepreneurs to build world class, scalable businesses by sharing experience, access and networks to drive dynamic growth.”
The ambitious 18-month programme will be delivered primarily by entrepreneurs. It focuses on cohort study, peer-to-peer learning and is backed by world class academic rigour. It has been designed so that participants can continue to run their businesses while on the programme, committing to 1.5 days every eight weeks to attend a series of masterclasses across Scotland.
An initial cohort of 19 Scottish businesses were selected which have demonstrated existing customer traction, a clear line of sight to significant profitability, exceptional leadership potential and the commitment necessary to scale up their businesses.
Open To All Business Sectors
Businesses in the cohort cover several sectors including: communications, technology, security, beauty, the care sector, digital, mobile, medical, construction, design and manufacturing.
The ScaleUp Scotland programme is fully funded. Participants must demonstrate continual development of themselves and their organisation on an ongoing basis. The 2018 programme will guide the entrepreneurs through the key areas of scaling including: leadership, finance, team building, communications, sales / marketing, globalisation, crisis management and governance.
ScaleUp Scotland was launched in Aberdeen this week by Bob Kieller, one of Scotland’s most respected business leaders.
Mr Keiller, told DIGIT: “Over the years I’ve discovered tools and processes that work in business and now I am able to pass that knowledge on and help other businesses find their own ‘eureka’ moment. If we can support entrepreneurs by sharing our own entrepreneurial experiences to stimulate their ambition and grow their organisations then we really will have an entrepreneurial Scotland.”
Sandy Kennedy, the Chief Executive of Entrepreneurial Scotland, said: “We know that in comparison to other countries, not enough businesses in Scotland are scaling. We also know that entrepreneurs want to learn from those that have been there and done it and they are looking for practical tools that they can implement into their own businesses.
“What makes Scale-up Scotland different is that it is entrepreneurially led and delivered in an exciting and dynamic way that is appealing to entrepreneurs.”
More Scale, More Jobs, More GDP
Evidence from the MIT Regional Entrepreneurship Acceleration Programme (REAP) Report and the Scale-Up Report on UK Economic Growth highlights that entrepreneurs need the right support in order to be able to take their businesses to the next level. The Scale-Up Report indicates that just 1% more scale-ups in the UK would create 150,000 new jobs and generate an additional £225 billion of GDP by 2034.
Full details of the programme and information on how to apply for future cohorts can be found at www.scaleupscotland.co.uk.