The University of Edinburgh’s Bayes Centre has officially launched the 2022 EIE Scottish Startup Survey.

The survey, which has been running since 2017, targets a sample of Scottish tech companies drawn from EIE alumni and the wider startup community to ask founders key questions about the current state of the ecosystem.

In particular, the survey asks founders and CEOs about investor engagement, growth strategy, economic outlook, Scottish ecosystem support and hiring plans.

While the 2021 survey had a strong focus on the challenges and opportunities presented by the pandemic, this year’s survey will examine how startups are navigating their way out of the pandemic, returning to the office and embracing new ways of working.

Karen Wood, Director of Enterprise, Bayes Centre, said: “The last couple of years have been challenging for so many in business, including in the startup world, but we know that startups are a resilient and creative breed, and that investors continue to invest in innovation – all themes we expect to come through in this year’s survey.”

Michael Moore, Director General at the British Private Equity & Venture Capital Association (BVCA), commented: “This is an exciting time to be investing in tech, especially in Scotland.

“Shared insight is vital to growth companies and their investors across the country – this survey gets right to the heart of the key issues and its findings will be invaluable to all of us.”

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The EIE investor readiness programme delivered by the Bayes Centre has helped over 540 companies raise more than £1.1 billion since 2008.

Dave Hughes, CEO and co-founder of remote sensor specialist Novosound, an EIE alumni company who featured at EIE London earlier this year, said: “The results of the startup survey are a great barometer of the Scottish tech ecosystem.

“It has helped me to navigate our next stage of growth and, as a founder, realise that other founders share many of the same aspirations and concerns.”

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