With over 1200 people registered to attend one of the highest profile high growth company technology events in Scotland, it was guaranteed to generate some noise in the press and on social media.
Engage Invest Exploit (EIE) 2016 was held yesterday at the Assembly Rooms in Edinburgh and saw 60 tech companies pitching for investment from potential investors in the fields of IT and digital, life sciences and energy.
HM client City Room Rentals collects the ‘Spirit of EIE 2016’ award
Companies pitching at EIE have raised over £350 million in funding since EIE began in Scotland in 2008 on a much smaller scale than it is today. Each year we see new high growth technology companies arising and although some countries are seeing a ‘brain drain’ with their home-grown talent going elsewhere, Scotland has been described as having a ‘brain gain’. This was certainly evident as EIE 2016.
The event, which is supported by Informatic Ventures, brings over 200 international investors to the event and is now the largest event of its kind in the UK.
From the EIE alumni businesses it is clear that the event has assisted greatly with opening doors to a number of businesses, helping them not only with funding but also putting them in touch with the right people to help them grow their businesses. This year the tech scene in Scotland has again raised its profile and is being recognised internationally, resulting in a number of overseas investors and a lot of new faces attending EIE 2016.
The 60 businesses all had their own exhibition stand in the main hall and with this year’s extended networking breaks (specifically requested last year) there was ample opportunity for delegates to learn more about each business and really understand what they were doing. A 60-second pitch is not normally enough for an investor to make a decision on.
Embracing technology is at the heart of what EIE is all about and so it was great to see that this was being implemented by providing the audience the opportunity to vote for the winner of the Pitch of the Day Award. This went to MindMate, a business which has developed an app specifically aimed at those who are living with dementia or know someone who has dementia to help them manage their lives better.
The ‘Spirit of EIE 2016’ award went to our client City Room Rentals, a business providing online booking services for accommodation.
Undoubtedly a number of the businesses pitching will have either got in front of potential investors or met with people who can put them in contact with key partners.
One of the highlights for the Harper Macleod team was seeing a number of our own clients pitch in front of such a large audience and really showing what they are capable of. It was an exciting (but exhausting) day for us and we look forward to seeing some of these businesses flourish in 2016.
We hope to see even more Harper Macleod clients at EIE 2017.