Early-stage Scottish biotech startups are set to be offered free support following the launch of a new accelerator programme.

Developed by the Industrial Biotechnology Innovation Centre (IBioIC), the Biotech Innovators accelerator will provide SMEs, spin-outs and startups with vital access to commercial and technical expertise.

It is the only programme of its kind dedicated to industrial biotech companies in Scotland and has been developed in response to calls from the sector for additional support for young businesses.

According to IBioIC, Biotech Innovators will include a flexible programme of “targeted support and guidance”, including one-to-one mentoring, events and workshops.

Participating companies will also gain access to the wider IBioIC network, with experts in areas such as intellectual property and business finance brought in to offer specialist advice.

Additionally, companies that secure a place on the accelerator will be able to apply for different funding calls run by the innovation centre and make use of the expertise from the IBioIC Scale Up Centre.

Supporting Scottish Biotech Startups

IBioIC chief executive Mark Bustard said the Biotech Innovators programme will offer vital support to overcome some of the unique challenges faced by industrial biotech startups.

He commented: “All young companies face challenges getting their ideas off the ground, whether in terms of regulation, funding or personnel.

“For biotechnology companies, in particular, there are additional hurdles to overcome – the scale-up process can be complex and capital intensive, so it is important that small businesses can access the support they need to succeed.”

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Bustard added: “While a variety of Scottish accelerator programmes already exist, there is nothing specifically focused on industrial biotechnology and the unique challenges and opportunities facing young companies in the sector.

“Biotech Innovators will provide a valuable opportunity for businesses to receive guidance on commercial development, innovation support, knowledge sharing, and more.”

The Biotech Innovators accelerator programme is due to kick off in January, IBioIC confirmed.

Applications are now open to biotechnology businesses with a footprint in Scotland that are less than two years post-investment or still pre-launch.

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