On behalf of Global Entrepreneurship Week, this post briefly introduces readers to the enterprise scene in Edinburgh Scotland.
Here in the Scottish capital of Edinburgh there has never been a better time for new enterprises to take hold. As Scotland continues to increase its start-up potential, Edinburgh is one of the leaders in a new wave of development. Entrepreneurs at every age and in every field will find themselves welcome here to collaborate and create.
A major education hub, Edinburgh’s Universities and Colleges attract top talent from all over the world, and at these institutes enterprise is thriving. From The University of Edinburgh and its Centre for Entrepreneurship Research, to Heriot Watt and Napier Universities, entrepreneurship is on the rise among students. Known for their work in science and technology, these institutes contribute a vibrant energy to the local scene.
Bolstered by strong ties to education, the Edinburgh bioquarter hosts one of the highest rates of new biotech start-ups in the UK. Just one example is University of Edinburgh student Michael Yiin Shih Jie who this year won £50,000 and a year of business support in the Young Innovators Challenge run by Scottish Institute for Enterprise (SIE) for his work in microbes and corrosion. Also in this sector recent start-up UWI Technology received Venture Funding in 2012, and has developed label technology measuring risk of material degradation, with applications from refrigerators to aerospace.
The city is also renowned for its festival season, bringing in millions of visitors annually. Edinburgh local Rosalind Romer is also a former SIE competition winner, having been awarded the top prize in The New Ventures Arts & Cultural category in 2013. Rosalind has developed her idea, Punchline Comedy, into a successful event featuring the rising stars of comedy.
I asked Michelle Rodgers, Director of the Crowdfunding Centre and former Bloom VC CCO her view: “Anywhere with active Universities and active entrepreneurial support has huge potential. Edinburgh in particular is a tech hub with a great number of start-ups coming out.”
New start-ups will find the city boasts a positive support network. Organisations such as SIE, Entrepreneurial Spark and E-Club encourage the right environment for growth, and with new incubators and workspaces such as The Melting Pot, Creative Exchange Leith and Edinburgh Hacklab available, the scene is more active than ever.
As enthusiasm, investment and new ideas continue to grow, Edinburgh entrepreneurs have the potential to add tremendous value to the world.