Initiative to help growth firms
PwC and Codebase forge scale-up partnership
A new programme designed to help fledgling businesses continue to grow has been launched by PwC and CodeBase.
SCALE: Edinburgh is a partnership aiming to build on the city’s reputation as a modern business hub, particularly for technology businesses.
As part of a wider portfolio of programmes across the UK, the 10-week programme will work with 12 of Scotland’s top scale-ups to help them gain traction, source commercial opportunities and additional funding.
Douglas Shand, head of innovation for PwC in Scotland, said: “Business is changing – we all know that – and the high-growth companies of tomorrow are different from the high-growth firms of the past.
“But there are a lot of companies that never get to achieve their ambitions because they didn’t have the right advice at the right moments.
“SCALE: Edinburgh aims to change that by bringing in multiple companies and experts from a wide range of sectors and levels.
“While we are hosting this in Edinburgh, it’s not purely about the capital. We hope to see involvement from companies and experts from Glasgow, Dundee, Stirling, Aberdeen and elsewhere.”
SCALE aims to provide the missing link between corporates looking to innovate and companies looking to scale by providing access to decision makers and influencers.
Participants on the programme will undergo a business development curriculum, receive advice across areas like tax, R&D and legal.
Stephen Coleman, CEO of CodeBase, said: “We know how well the Scottish scene is doing at the moment – it’s great to be part of something that empowers companies to navigate potential hurdles and helps them to develop their full potential.”
‘Tinder for Sport’ raises funding
The team behind a Scottish start-up has raised a six-figure investment from Manchester-based property and technology investor Michael Sacks to scale up the company.
Find a Player is an app which helps players find games and games find players and was the brainchild of former junior badminton champion Jim Law.
He has received a £100,000 investment from Sacks equating to a 4% stake valuing the company at £2.5million.
Find a Player recently beat a number of global brands including Arsenal, the New York Marathon and the German FA to win the ‘Best App’ award at the Sport Technology Awards.
Law believes Find a Player can become Tinder for the sports world.
Law said: “Ultimately, this investment will help us boost the number of users and games on the platform.
“With Michael we not only secure crucial funding, but more importantly, a new member of the team who can help take our company to the next level.”
Sacks, a former Manchester United youth team player, left football to embark on a career in property.
He said: “My first reaction when I heard about Find a Player was surprise. When you think about it, it’s such an obvious idea, I couldn’t believe it hadn’t already been done – I wish I’d thought of it! I quickly got over that and started to explore how I could get involved.
“There’s a huge opportunity here, not only to grow my portfolio with a promising company, but also to help change the sporting landscape. It’s all too easy for people to stop taking part in sport. This allows people to find an activity, and a level, that’s right for them.”
Last year, Find a Player raised £150,000 through a crowdfunding campaign on Seedrs, hitting its £110,000 target in just two days.