PREMIUM
Sir Tom Hunter is leading the investment in Scottish EDGE with a £500,000 commitment in grant and loan money By Kristy Dorsey Seven of Scotland’s leading entrepreneurs have committed an additional £1 million to support Scottish EDGE following a dramatic increase in applications to the start-up funding competition. The new money is a mix of grants and loans led by a £500,000 commitment from Sir Tom Hunter. The Ayrshire entrepreneur’s Hunter Foundation has backed the Scottish EDGE initiative since its inception in 2015, when it was established to support early-stage businesses with high growth potential. Scottish EDGE runs two competitive rounds per year with each typically producing 12 winners who receive an average of £60,000 in grant and loan money. The programme is currently in its 17th funding round, with the winners to be named on May 11.
Games development gurus bet on bright outlook at Stormcloud
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Stormcloud has picked up plaudits for its family-friendly titles, including the Bafta-nominated games based on the bestselling children’s books The Gruffalo and Room on the Broom, as well as it award-winning children’s series Paper Zoo, Paper Ocean, and Paper Pets, for which the firm also earned a Bafta nomination.
Stormcloud Games was founded in 2012 by Frank Arnot, who remains the majority shareholder.
Paddy Burns and Chris van der Kuyl – co-founders of games developer 4J Studios – established Chroma Ventures in March as a means of consolidating their existing investments and to give more structure to future investments.
Chroma channels “flexible capital” into a range of early-stage and established businesses with high-growth potential, particularly data-led businesses and those developing and deploying innovative technology.
Minecraft duo make seven-figure investment in Dundee games studio
© Supplied by Chroma Ventures
Minecraft entrepreneurs Paddy Burns and Chris van der Kuyl have made an investment in Dundee-based Stormcloud Games.
The Dundee tech duo behind the global success of Minecraft have made a seven-figure investment into another city games studio.
Chris van der Kuyl and Paddy Burns, owners of 4J Studios, have purchased a stake into Stormcloud Games.
The funding will allow Stormcloud to start development on games ideas that were conceived during lockdown.
Stormcloud Games was founded in 2012 by Frank Arnot, who remains the majority shareholder.
© Supplied by Chroma Ventures
FUTURE OF EDUCATION
Digital Xtra Fund supports Hearts FC Innovation Centre, a community-based initiative offering digital skills courses Photograph: Claire Watson
With new financial input from a prominent Scottish tech investment company, Digital Xtra Fund’s annual awards will be boosted considerably this year – support which has also opened up a new job opportunity within the charity. By Andrew Collier SCOTLAND may be a relatively small country, but it has a real opportunity to be a global leader in the digital economy. We have the drive, the knowledge, the skills and also the ambition. One area where we could improve, however, is education. Specifically, our young people need to become enthused by, and engaged with, the various opportunities technology offers.
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