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.