Latest expansion for incubator
Codebase launches partnership in Aberdeen
Technology incubator Codebase has extended its operations into Aberdeen after signing an agreement with Opportunity North East.
ONE CodeBase will target technology growth companies in the region, particularly those serving the energy, food and drink, agriculture and life sciences sectors.
It is Codebase’s latest expansion from its Edinburgh base. It has an offshoot in Stirling and is working on plans to open in Bristol with support from Barclays Bank.
This latest initiative marks a significant move by ONE Digital & Entrepreneurship t to build digital capacity and capability in North East Scotland and diversify the economy.
It will invest up to £1.5 million this year, including the creation of a hub for tech business incubation, acceleration and entrepreneurship growth. A further £1m a year will be made available until 2026 on match-funding basis with the private sector.
Sir Ian Wood, chairman of ONE D&E, said: “The ONE CodeBase partnership will deliver the specialist support required for digital company creation and growth, provide crucial access to experienced digital entrepreneurs, and increase the number of entrepreneurial businesses with scale and international reach.”
Stephen Coleman, CEO and co-founder of CodeBase, said: “There is a fantastic opportunity to build significant digital businesses in the Aberdeen area, which will have a transformative effect on the economy.”