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Prize fund increased

Shortlist unveiled for Converge Challenge

Converge Challenge Richard Walker Rebecca PickCompany creation competition and start up development programme Converge Challenge has announced its shortlist in this year’s prizes.

It has been the most successful to date with 17 of Scotland’s universities represented among 212 applications.

This is a record number of applicants and represents 14% growth year on year. Applications were received from undergraduates (30%), postgraduates (40%) and staff (30%), with a 34% increase in kickStart applicants and 14% for the social enterprise award category.

A panel of expert judges made up of industry experts, leading entrepreneurs and investors from across the business community will now assess the projects and select the winners of the prestigious Converge Challenge awards.

This year, Converge Challenge has increased its total prize fund to £150,000 through cash prizes and a broad range of expert support and training that has been provided through partners and sponsors.

The winner of each of the three categories will be announced at an awards ceremony at the Assembly Rooms, Edinburgh, on 22 September. 

Olga Kozlova, Director of Converge Challenge, said: “It’s always tough to shortlist nominees and this year’s top 10 are the best yet. We’re especially pleased to see  previous applicants back in 2016 with stronger business plans and that Scotland’s dynamic and diverse economy is well represented in the range of businesses included. In addition, our 2016 KickStart and Social Enterprise finalists are, I’m pleased to say, all new names to us, which shows a growing appetite in academia for start-ups.

“Converge Challenge is becoming a vital opportunity for start-ups to engage with and it’s not only good for them, it’s good for Scotland’s economy. Over 80% of Converge Challenge companies go on to secure follow-on funding with alumni having secured over £34 million of funding and employing over 150 staff since 2011.”

The shortlist:

Converge Challenge

KickStart

Social Enterprise

MIME Technologies Ltd

Automated Time-Resolved Cell Stretcher

Project Turnkey

MyDiabetesMyWay

SmArtLimb

Classmate

Robotical

Elementary Therapeutics

Greyhope Bay Ltd

Cyan Forensics

Beyond Medics Ltd

The Comics Studio

MindMate

OutLoud

Re-Make.

Opinew

McAdam Technology

 

MicroSense Technologies Ltd

MiAlgae

 

Estendio

μSpray Technologies

 

H Guard

Deep Context

 

ENREN

Alegrant

 

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