Scottish EDGE announces new regional award category
The Scottish Government has pledged an additional £400,000 to support entrepreneurs
Scottish EDGE is set to provide more opportunities for entrepreneurs living outside the central belt thanks to a new programme backed by £400,000 of Scottish Government funding.
To recognise the entrepreneurial endeavours of candidates from across the country, ‘Regional EDGE’ is inviting innovative, high growth start-ups from across Perth and Kinross, Dundee and Angus, North East, and the Highlands and Islands to be in with the chance of winning up to £50,000 in prizes.
This new pilot award is the latest initiative in the long-standing relationship between the Scottish Government and Scottish EDGE. The funds will be allocated via a competitive Scottish EDGE process delivered by region specific delivery partners. In Perth & Kinross, the initiative will be delivered by GrowBiz and five winners will share awards totalling £100,000.
Winners are also set to benefit from becoming EDGE Alumni, receiving access to the organisation’s network of contacts and business acumen, while all applicants will receive feedback from a panel of business experts to support them on their entrepreneurial journeys.
To date, Scottish EDGE has supported 635 businesses, awarding over £26 million in grants and loans to winners representing a range of regions and sectors across Scotland.
Deputy First Minister Kate Forbes, said: “The partnership between the Scottish Government and Scottish EDGE has long driven our ambition to become a world-leading start-up nation and this new project further emphasises that desire.
“This new regional programme will help fledgling businesses out with the central belt develop and grow while capturing the competitive essence of entrepreneurism, providing essential support for innovation across Scotland.
“We are committed to supporting entrepreneurs to be successful and have allocated over £15 million this year to grow Scotland’s entrepreneurial spirit, creating jobs and boosting the economy.”
Jackie Brierton, Co-Chief Executive Officer at GrowBiz said: “GrowBiz is excited to be a partner in the first Regional EDGE competition. It’s a great opportunity to encourage the many innovative businesses in Perth & Kinross, in a range of diverse sectors, to get involved.
“Whether or not they make it to the final, GrowBiz and the EDGE team will help them to access the support and funding they need to thrive and grow.'”
Simon Hannah, chair of Scottish EDGE, said: “The launch of Regional EDGE showcases our commitment to fostering innovation, creativity, and entrepreneurship across Scotland’s diverse regions. With the backing of the Scottish Government and our valued delivery partners, Regional EDGE aims to shine a spotlight on promising start-ups in four key areas, providing ambitious entrepreneurs with the critical funding and support they need to bring their bold ideas to life”.
Applications opened on Monday 9th December and will be accepted until Monday 20th January at 2pm, with regional finals taking place in February and March 2025 after a competitive application process. The Perth & Kinross final will take place on 24th February in partnership with Perth & Kinross Council.
Applications can be made through the Scottish EDGE website at www.scottishedge.com