News

Scottish start-up business Trademylux Limited has secured a £300,000 investment from TRICAPITAL Angels Limited and Scottish Enterprise as it launches the first in a series of luxury goods resale platforms

• Carcinotech manufactures 3D printed micro-tumours using cells derived from patient biopsies and blood samples, accelerating ethical drug screening and the delivery of more effective cancer treatments to market
• Eos Advisory led the investment alongside the Investment Fund for Scotland (IFS) managed by Maven Capital Partners, Scottish Enterprise, Old College Capital, Investing Women Angels, and existing investors TRICAPITAL, SIS Ventures, Gabriel Investment Syndicate, and Alba Equity
• This is the first equity deal from the £150m IFS, through appointed fund Managers Maven on behalf of the British Business Bank.

Scottish biopharmaceutical company Aurum Biosciences has raised almost £730,000 in the first tranche of a new round of equity funding aimed at further developing its state-of-the-art therapeutic and diagnostic technology and setting up fresh success in 2024

• Year-long programme designed to help scale-up businesses grow their international presence
• Scotland and West Midlands join the programme for the first time, marking a major milestone
• Over 1,300 London-based companies have already benefitted from the programme since 2016

A drone technology manufacturer has received almost £1million from Scottish Enterprise to support the development of a new hybrid, heavy-lift, unmanned aircraft capable of operating on less than 30% of the aviation fuel used by a helicopter.

A first-of-its-kind system in the UK is being trialled in Edinburgh to see if waste heat from a large computing facility can be stored in disused mine workings and used to warm homes.

Agency resources to target a future economy benefiting all of Scotland with three new missions on energy transition, innovation and productivity

Piramal Pharma Solutions (PPS), a Contract Development and Manufacturing Organization (CDMO) and part of Piramal Pharma Ltd. yesterday celebrated the opening of its expanded antibody-drug conjugate (ADC) manufacturing facility in Grangemouth.

The Medical Device Manufacturing Centre (MDMC) has been awarded £3.35 million of additional funding from Scottish Enterprise to continue its work developing novel medical device innovation and improve the industry’s sustainability.

Scotland kicked off its COP 28 activity yesterday with a St Andrew’s Day Reception following the first day of the conference. The First Minister, Humza Yousaf, joined 21 Scottish businesses and organisations in the food and drink sector at the VIP business event, who showcased their products, with support from Scottish Development International (SDI), and set the stage for the country's participation at COP 28.

With many UK firms struggling to innovate against the current economic backdrop, 38 Scottish businesses with high-growth potential have received a much-needed injection of cash at the 22^nd round of the Scottish EDGE Awards that took place last night

Wave energy pioneer Mocean Energy has raised £2.2 million new equity alongside a £500,000 grant to drive the commercialisation of its wave energy technologies.