Investment to create cutting-edge network for start-ups.
A contract worth up to £42 million has been awarded to Edinburgh-based company, Codebase, to establish seven new tech scaler hubs across Scotland.
First Minister Nicola Sturgeon announced the Tech Scaler contract, which is one of the largest investments by the Scottish Government into Scotland’s potential as an entrepreneurial nation, ahead of an event at the new Barclay Eagle Lab Campus in Glasgow.
The investment will support tech founders to scale-up their businesses by accessing advice and mentorship from industry experts at the hubs. Partners include Google for Start-ups UK, Barclays Eagle Labs and Reforge, a leading San Francisco-based membership programme that teaches start-ups how to grow using Silicon Valley founders’ best practice.
The First Minister said:
“Scottish tech start-ups and scale-ups are already a very significant success story and the Scottish Government wants to do even more to build on the sector’s current strength.
“Tech start-ups right across Scotland will have access to world-class education and mentoring and opportunities for peer learning and networking through the tech scalers. For new companies at all stages of their development, Scotland will provide one of the most supportive environments in Europe.”
CEO and co-founder of Codebase, Stephen Coleman OBE, said:
“Codebase is delighted to have been awarded the Tech Scaler contract. We will continue to work closely with our partners – old and new, local and global – to make Scotland one of the most tech start-up friendly places in the world.
“We will be helping founders of all shapes and sizes from all backgrounds turns their ideas into businesses via education programmes, community building and networking. We will help to build more start-ups in Scotland and help them scale and access customers and investment globally.”