Scottish EDGE Awards £1.8 Million to 24 Start-Ups
The winners of the Scottish EDGE Round 13 have each won a six-figure share of an almost £2 million prize pot.
The winning companies, whittled down from 39 Scottish EDGE finalists, have each won a significant share of the competition’s recently boosted prize pot. Earlier this month, Scottish EDGE announced that it had received a one million pound funding injection from Scottish Enterprise.
The funding increase was intended to help the competition to scale-up and allow for an extra day of pitching to accommodate a record number of finalists and, ultimately, double the number of winners.
£200,000 has been earmarked for two additional prizes of £100,000, each of which will be awarded in March 2019 to existing Scottish EDGE winners who are seeking funding to scale-up or internationalise quickly.
The Edinburgh charity, Turing Trust, which reuses computers to help bring digital education opportunities to African schools, took home the newly introduced £100,000 Social EDGE Award, which is supported by the Postcode Innovation Trust.
Alan Turing of the Turing Trust, who won the award, said of the win: “We’re absolutely delighted to be the first ever Social EDGE winners and can’t wait to get started helping Malawian students learn ICT skills whilst training more Scots in IT refurbishment.
“This award will fundamentally change the scale at which we can make a global impact from our Edinburgh workshop. Thank you, EDGE!”
Holly Butler and Mark Hegarty of ClinSpec Diagnostics won the Higgs EDGE Special Award of £150,000 while Stuart Lind, founder of Stems, took home the £50,000 Creative EDGE award.
Platinum Informatics was awarded the highest amount of £100,000 in the Scottish EDGE category.
Evelyn McDonald, Scottish EDGE CEO, said: “The past two days have been the perfect end to an exceptional round for Scottish EDGE. As an organization collaborating with others to make Scotland the best place for business, finding ourselves in the position to support so many inspiring entrepreneurs is an incredible outcome.
“Congratulations to the inspirational winners and also to our runners up who worked exceptionally hard to get this far, our judges had a challenging task narrowing down the 39 remarkable businesses who pitched down to just 24.
“We welcome the entrepreneurs awarded tonight to our high achieving alumni of 313 previous Scottish EDGE winners who thus far have generated an additional £131.29 million in turnover, secured £108.33 million in additional investment and created 1,652 jobs.”
And the Winners Are…
Clean Water Wave
The Drinks Bakery
The Higgs EDGE Winner
Creative EDGE Winner
Social EDGE Winner
Young EDGE Winners
Colour Academy Publishing
Sofa for Life
The Clean Hub
WildCard EDGE Winners