Scottish EDGE Launches New £100K Award For Creative Companies
Scotland’s leading business funding competition has partnered with the Cultural Enterprise Office and Creative Scotland to encourage more creative industries companies to enter.
The Scottish Edge competition has created a new special award for companies working in Scotland’s creation industries.
Rounds 11 and 12 of the competition will include the new Creative EDGE award. This is a special prize of up to £100,000, split as 40% grant and 60% loan. It will be awarded to one company, based upon the decision of the judging panel.
Scottish EDGE has worked with Creative Scotland, the organisation responsible for Scotland’s creative and cultural economy and the Cultural Enterprise Office, which specialises in helping creating businesses start-up and grow, to bring the Creative EDGE award to life.
The competition has already had several notable successful EDGE winners in the creative industries, including the Trtl travel scarf, Findra cycling clothing and Stael’s Design’s Aircushion cooling system for wheelchair users.
Fiona Hislop, Cabinet Secretary for Culture, Tourism and External Affairs said: “An exciting future lies ahead in this fast growing business sector providing opportunities internationally for our wide and diverse creative industries.”
David Shearer, Chairman, Scottish EDGE said: “There is a misconception that innovative, high-growth business have to come from the science or technology sector but we’ve had some amazing success stories with businesses from the creative industries. This award will allow us to highlight those businesses and encourage applicants from the creative industries to come forward for support and funding from Scottish EDGE.”
Rachael Brown, CEO of the Cultural Enterprise Office said: “We’re delighted to be partnering with Scottish EDGE. I believe passionately that Scotland is one of the best places in the world to start and grow a creative business. The creative sector needs to be nourished, developed and supported in order to achieve its full potential and this award demonstrates our commitment to working with creative entrepreneurs.”
Clive Gillman, Director of Creative Industries at Creative Scotland said: “We’re really pleased to be joining the Scottish EDGE partnership to support exciting new creative ideas to be developed into successful businesses. We know that Scotland has a wealth of creative talent across the performing and visual arts, design, crafts and creative technology and that there is a real appetite to turn this creative motivation into new kinds of businesses. The financial and developmental support on offer through Scottish EDGE is a great way to help transform this ambition into successful creative enterprise.”