The programme is a collaboration with Wayra UK (Telefonica’s open innovation platform) in partnership the University of Edinburgh’s School of Informatics and supported by Cisco.
The first cohort of 10 start-ups, welcomed to the capital on Monday, will be assisted in scaling up with the aim of becoming world leaders. The programme will support a total of 20 companies this year.
Ana Gallardo of Scottish Enterprise’s Entrepreneurial Growth team worked with Wayra and partners to bring the accelerator to Edinburgh. She explains: “We’re aiming to assist AI and Blockchain start-ups with the potential, capability and ambition to deliver high, inclusive growth – as well as giving them ongoing access to the business support networks of Scottish Enterprise, the University of Edinburgh and Telefonica.
“This drives forward two key initiatives for Scottish Enterprise – our ambition to establish Scotland as a world-class destination to start and grow your business, and Edinburgh’s ambition to become the Data Capital of Europe, supported by the recent City Region Deal.
“It’s no coincidence that this accelerator is based in Edinburgh, and we have the opportunity to capitalise on the Wayra UK and Telefonica brands to showcase the quality of start-up activity in AI and Blockchain, and the great support infrastructure that exists in Scotland to grow businesses.
“International start-ups joining the accelerator will have the unique opportunity to embed themselves in the Edinburgh ecosystem and find out first-hand how engaging with Scotland can really support their growth.”