Enterprise funding

High growth firms share £1.25m from Scottish Edge

Theo Paphitis

Theo Paphitis: ‘never give up’ (pic: Terry Murden)

Businesses with high growth potential from across Scotland have shared £1.25 million in the latest Scottish EDGE pitching competition.

The two biggest recipients were medical technology firm Nebu-Flow and industry services company Paragon Inspection Services which were awarded £125,000 each as winners of the Higgs EDGE award for science, technology and engineering focused businesses.

University of Glasgow spin-out Nebu-Flow, founded by Elijah Nazarzadeh and Jon Cooper, has created a drug delivery treatment.

David Phin founded Dundee-based Paragon which has an inspection system used in industry to prevent any shutdown of plant. 

The total pot awarded through Scottish EDGE is about £15 million in the 15 rounds now completed.

Eighteen businesses took part in the latest finals at the Royal Bank of Scotland Conference Centre at Gogarburn, Edinburgh with more pitching in semi-finals and the Young EDGE and Wildcard EDGE competitions.

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