Incubator spreads its wings
Codebase confirms Stirling expansion plan
It says the move, predicted by Daily Business last month, will help transform Scotland’s digital sector.
The partnership with Stirling Council is the first major building block in the city’s Digital District development, a key part of the City Region Deal agreed for Stirling at the end of 2016.
The Digital District is being developed by a cross-sector partnership that includes Stirling Council, the University of Stirling, Forth Valley College and a number of players from the region’s business community. It aims to position the city at the forefront of Scotland’s digital sector.
Codebase will tap into a growing eco-system around the city that includes the university and investors such as Steven Morris, whose Stirling-based ESM Investments is backing technology projects. He told Daily Business that his business has attracted £8 million into 11 businesses since he launched his syndicate just over four years ago.
Stephen Coleman, CEO and co-founder of CodeBase said: “As the the UK’s largest scaleup incubator, we are positioning CodeBase Stirling at the heart of a new technology-driven Scotland.
“In advance of our UK-wide rollout we are leveraging Stirling’s central location to provide scaleup education, technology events and mentorship for Scotland’s digital companies.
“We are creating a hub that can drive real growth into the region and country and are excited to be teaming up with Stirling Council, the University of Stirling and other partners and believe Stirling can become an integral part of Scotland’s fast-growing tech scene with all the knock-on benefits that come with it – not least the potential for hundreds of jobs to be created in the city.”
Johanna Boyd, Stirling Council leader said: “Our vision is to position Stirling as an economic and cultural powerhouse, and this key collaboration with CodeBase, along with our recently announced City Deal takes a significant step towards that goal.
“Our aim is to transform skills development, employability, social innovation, sustainability, and productivity, with a substantial impact on positive health, wellbeing and attainment for all our people.
“We look forward to working with the CodeBase team over the next few years to realise these plans for Stirling to become a centre of digital excellence.”
Stirling Council’s finance and economy convenor Neil Benny said: “Stirling has a unique, strategic location, an entrepreneurial spirit, skilled workforce and fantastic quality of life, and we think CodeBase Stirling will attract some of the best talent in product development.”
CodeBase has grown fourfold since its launch in March 2014. It is now home to more than 90 startups employing more than 600 entrepreneurs and staff.
Its mission is to build and scale the next great tech companies out of Scotland and the team has helped to incubate scale-up companies who have raised more than half a billion dollars of investment.
Photo: Johanna Boyd, Stephen Coleman and Neil Benny