Designed to promote and support creative, innovation-driven companies from across Dundee, Tayside, and beyond, the centre represents a £250,000 investment by Elevator, the University of Dundee, and other partners including the European Regional Development Fund. It will aim to drive innovation within businesses, and commercialise new and existing technologies across many sectors including; life sciences, digital media, gaming, and other creative sectors.
Elevator are now calling for applicants to take part in a new, 12-week intensive business Accelerator Programme, which will help businesses access funding opportunities, build extensive networks, and take advantage of local Business Gateway assistance.
The centre will be located in the University of Dundee’s Heathfield building, and will be open to all aspiring entrepreneurs and innovation-driven companies across Tayside and beyond. It is designed to be used by early-stage, existing companies, and will act as a hub for free advice on; starting or scaling a company, design led practice, commercialisation and funding, and investment opportunities. It seeks to help position Dundee as the regional powerhouse for entrepreneurship, as the city continues its own £1 billion redevelopment programme.
Professor Gary McEwan, chief executive of Elevator and honorary professor of entrepreneurship at the University of Dundee, said:
“The renaissance vision created by the people of Dundee demonstrates a high level of progression and ambition for the city and the region. This dynamic outlook is partly driven by the recognition being achieved by the University of Dundee. The time is now right for this powerful alliance to begin the work of supporting more start-up and scale-up businesses, to provide the city with significant enterprises that will flourish, creating jobs and wealth for the area. This new centre will support the entrepreneurs who will drive the future economy.
“The dynamic design aesthetic on display in our headquarters in Aberdeen is being recreated here in Dundee. Our teams are looking forward to seeing it come alive with entrepreneurial spirit in September, when we open the doors to our first Cohort.”
Brian McNicoll, manager of enterprise and entrepreneurship at the University of Dundee, added: “Dundee is already renowned for its digital and computing success and as the city continues its £1 billion development, this exciting new Centre of Entrepreneurship will help capitalise and drive our aims further to make Dundee a hub of entrepreneurship and the regional destination for enterprising start-ups.”
Councillor Lynne Short, Dundee City Council city development convener said: “This is a fantastic move that will help to inspire people with design ideas to transform them into business propositions.
“Along with depute convener Mark Flynn, I recently visited Elevator ‘s operation in Aberdeen and we were extremely impressed by the enthusiasm and skill that they are focusing on this new venture in Dundee.
“I am thrilled to see yet another positive partnership emerges in the city to help drive our economy forward.”
The new Centre of Entrepreneurship is due to open in late August, and applications to take part in Elevator’s Accelerator programme are now open.