HM Insights

Scottish EDGE Round 9

The Scottish EDGE R9 competition was another day full of pitching, networking, and inspiration, with over £1.3million being awarded to the businesses.

This time there were 218 applications received, with only 21 applications making it through to the final held in Gogarburn yesterday. There were 14 winners on the night and there were also 12 winners in both the Young EDGE and Wild Card EDGE categories. In addition, we saw 2 businesses scoop £250,000 in the Higgs EDGE competition. We were once again proud to see some of the businesses that Harper Macleod has supported win some of these awards.

Christmas Money Cash Gifts Tax Inheritance

Since the Scottish EDGE began 4 years ago, there have been 818 new jobs created, a generation of over £45million in turnover and over £44 million of external investment. Many of those EDGE Alumni businesses claim that they wouldn’t be where they are now without the support of the Scottish EDGE.

One of the big statements of the night was that this year we have seen two previous Scottish EDGE winners fully pay back the loan part of their winnings, Intelligent Point of Sale and Pulsetta. This is the first time that we have seen this happen and was always the ambition of the Scottish EDGE. Managing to create a Scottish circular entrepreneurial economy with more funds being available for the next generation of entrepreneurs, is exactly what we need to stimulate growth in this sector. The Scottish ecosystem for entrepreneurs is already strong, and the Scottish EDGE is a huge part of this ecosystem.

The guest speaker this time was Mark Beaumont, the man who cycled the world. It was interesting to hear the similarities between what Mark goes through when undertaking a huge physical challenge, to what challenges entrepreneurs face on their journey to building their business. Target setting and measuring the success of these targets were some of the main themes of his presentation, and we are sure will have provided a number of entrepreneurs with motivation to challenge themselves more and set their targets just that little bit higher.

We also enjoyed some music from the Red Note Ensemble, which was a great addition to the programme this round and provided some relaxation for those awaiting the awards ceremony later in the evening.

For team Scottish EDGE though, there's not much time for a break and the applications for round 10 will be opening from February 2017, so we look forward to seeing what the next 6 months bring.

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If you have questions in relation to this article, then please contact Louise Torr or a member of our Start Up, Growth & Investment team.

The small print: This blog is for information purposes only and should not be construed in any way as providing legal advice.