Duke performs opening
Incubator launched at Edinburgh Business School
Heather McGregor and the Duke of York at the official opening (pic contributed)
Nine start-up businesses have become the first to move into Edinburgh Business School’s new incubator.
Opened by The Duke of York, the facility will provide help for early stage businesses to validate their ideas and identify suitable markets for their products.
The first intake ranges from an innovator in remote monitoring for elderly care, to a wedding gift cash registry.
They have been offered a free of charge residency for one year. During this time, the companies will have access to fully equipped offices, training and workshops, and will have the opportunity to work with a mentor.
Kallum Russell is chief enterprise officer at Acorn Enterprise which will be co-ordinating the incubator at the Edinburgh Business School, the graduate school of business of Heriot-Watt University. He is also a supporter and champion of entrepreneurship in Scotland.
He said: “I passionately believe that the addition of this new Incubator on campus will help to cement entrepreneurship and innovation at the very heart of the Business School and the University.”
Professor Heather McGregor, executive dean of the School and the strategist behind the Incubator, said: “We are very excited that our first cohort will include alumni of Heriot-Watt, as well as other businesses new to the University.
“The range of talent in this first cohort is impressive, including firms that are using technology to make social contribution, through to sports fashion and business consultancy.
“The Incubator has been in the planning for some time and we’re honoured that HRH who champions entrepreneurship was here to open it.
“We set this venture up to support entrepreneurs and their companies during the crucial, forming stages of their business path and we hope that they will benefit from this opportunity and make real progress over the coming year.”