News

Edinburgh-based biotech startup MiAlgae has received an investment of £1 million to focus on the commercialisation of its revolutionary microalgae product, targeting the rapidly growing global aquaculture and pet food industries.

Scotland is set for another bumper year of foreign direct investment (FDI) after Scottish Development International (SDI) revealed figures that showed the country’s attractiveness to business remains strong.

A £39,000 Regional Selective Assistance (RSA) grant from Scottish Enterprise will help to realise the three-year growth plan being rolled out by Brechin-based 3D-printing specialist Angus 3D Solutions.

Beeks Financial Cloud Group Plc (Beeks), the Glasgow-based leading cloud computing and connectivity provider for financial markets, is pleased to announce it has received a Scottish Enterprise R&D grant to invest in its Network Automation project. 

Semiconductor manufacturer Diodes Incorporated has received a £13.7m funding package from Scottish Enterprise towards a £47m project enabling its future growth in Greenock, it was announced by First Minister Nicola Sturgeon today.

The 40 businesses participating in the First Minister’s flagship entrepreneurial development programme Unlocking Ambition have raised a total of £6.5m since its launch, new figures have revealed – with the majority gained from external funding.

Plans to regenerate Longannet, the site of Scotland’s last coal-fuelled power station have been given the go ahead.

Award-winning Scottish sensors company Novosound has raised £3.3 million from a consortium of investors, including the Scottish Investment Bank (SIB).

Current Health, which offers the leading FDA-cleared, artificial intelligence (AI)-powered patient management platform, today announced it has closed a £9 million series A funding round led by MMC Ventures.

Cyan Forensics – the Edinburgh-based start-up whose technology helps police investigators to find evidence faster – has secured a further £1.3m from a consortium of investors.

The AI & Blockchain Accelerator, at the University of Edinburgh’s world-leading Bayes Centre, calls start-ups and entrepreneurs to apply for the 2020 programme. Applications can be submitted online (www.wayra.co.uk) from 3^rd December to 15^th January.

Scotland’s bid to achieve net zero carbon emissions by 2045 will take a major step forward today (27 November) with the signing of an agreement between the Scottish Government and the North East Carbon Capture, Usage and Storage Alliance (NECCUS).