Firm eyes fast growth
TravelNest planning 80 technology jobs in Edinburgh
Kate Forbes: ‘innovation is critical to Scottish economy’ (pic: Terry Murden)
Travel technology company TravelNest is promising more than 80 skilled jobs after investing £7 million to establish its operations in Edinburgh.
The company has secured £2.3m in R&D and regional selective assistance grant funding from Scottish Enterprise.
The R&D project will focus on improving data flow from TravelNest to its partners, building intelligence to increase the performance of customers’ marketing and increasing efficiency of customer on-boarding.
Public Finance and Digital Economy Minister Kate Forbes said: “Companies with innovation at the heart of their business, like TravelNest, are critical to the Scottish economy.
“That’s why the Scottish Government is supporting businesses to take advantage of the opportunities that come from our established strengths in innovation and technological change.”
Doug Stephenson, CEO of TravelNest commented: “To achieve our goal of winning in a global market, we need to move extremely quickly. Speed is critical in all aspects of our business, product development, customer acquisition, recruitment and so on.
“By moving fast in these areas, we will increase our probability of achieving that goal. This grant, along with equity investment, will help enable that.
“We’re excited about the future we’re building for ourselves here in Edinburgh. We have built an exceptional team here and will continue to maintain a high talent bar as we grow.”
Michael Cannon, Head of Innovation Grants, RSA and Open Innovation at Scottish Enterprise said: “TravelNest is a fantastic example of a young, innovative company with global ambitions to be a leader in its market.
“This news is further evidence of Edinburgh’s credentials as an attractive location for technology businesses, with the city named the most active tech innovation community outside of London in the UK Tech Innovation Index.”