Recruitment now planned
£75,000 Edge funding for toilet blade inventor
Spyglass Innovations, the company behind it, received £75,000 to support the growth of LooBlade which swipes a toilet clean with antimicrobial blades that kill all germs on contact. It claims to significantly reduce reliance on bleach.
By staying clean and clog-free, it lasts far longer than a conventional brush – saving money and reducing landfill. The product is manufactured in Shanghai.
Following a successful Kickstarter campaign in 2015, LooBlade has already signed multiple retail and distributor deals across the world, worth millions in orders.
The Scottish EDGE funding will be used to recruit sales staff to manage and grow key distributor relationships across the world, as well as to help set up a US manufacturing base, with the aim of lowering export costs by 20%.
Garry Stewart, founder and chief executive, said: “This is a massive achievement for everyone at Spyglass Innovations and gives us the financial platform to ramp up global manufacturing capacity for LooBlade and to hire the key sales staff that will help accelerate our growth.”
The Scottish EDGE awards showcase Scotland’s most innovative, high-growth potential start-up businesses, with the aim of boosting Scotland’s economy by supporting the country’s small businesses.
Scottish EDGE chief executive Evelyn McDonald, said; “LooBlade is a revolutionary replacement for the conventional toilet brush and we’re excited to be supporting Spyglass Innovations to take this product to a global market.”
The business was one of fourteen to receive funding of more than £1m as part of the Scottish EDGE’s ninth competition round, which launched in August of this year.
Scottish EDGE, which looks to support innovative, high-growth potential entrepreneurial talent, received a total of 218 applications for the current competition round.
Entrepreneur and philanthropist, Sir Tom Hunter said: “Garry’s pitch impressed the panel and they could see great potential in his product. We welcome the business as it joins our network of high-profile Scottish EDGE alumni and look forward to supporting their development.”