Techscaler funding to support early-stage technology companies
Last Updated: 12 Sep 2024
Contents
Support provided by Scottish Enterprise South of Scotland Enterprise Techscaler
What does this involve?
The Techscaler Minimum Viable Product (MVP) Small R&D Grant provides funding to certain early-stage technology companies (start-ups and scale-ups) for research and development (R&D) projects to create new products, processes or services.
This grant is only available to certain companies based in Scotland that have taken part in the Techscaler Executive Education Programme and been mentored by Codebase.
However, not all companies that participate in the Techscaler programme will be eligible.
Codebase will work with Scottish Enterprise and South of Scotland Enterprise to identify companies that are eligible for the grant. If your company is eligible, Codebase will contact you to let you know - you don't need to do anything first.
Each project should be carried out by an individual Scotland-based company.
All projects must help to improve innovation in Scotland's high-growth industries.
The minimum grant amount is £5,000 and the maximum is £50,000.
Techscaler is a Scottish Government programme that connects tech start-ups in Scotland with experts who can help them build and scale their ideas.
Am I eligible?
This funding is only available to start-ups or small to medium-sized enterprises (SMEs) that have participated in the Techscaler Executive Education Programme and been mentored by Codebase.
Eligible companies will have:
- 250 or fewer employees
- a clear, agreed growth plan
- the potential to have a large economic impact
- an appropriate, credible and committed team of founders and/or early employees
- substantial preliminary customer research and insights
- ambitions to operate in a large or growing market, with international potential, and a credible plan to serve this market
- a credible funding strategy that enables disproportionate growth
- a clear value proposition
- evidence of early commercial interest
- evidence that they're innovation-driven, with valuable intellectual property
- evidence that they're working toward net zero emissions
Companies must also be able to show that they are a fair work employer.
All projects must help to improve innovation in Scotland's high-growth industries.
What does this cost?
This grant will cover up to 45% of eligible project costs for small to medium-sized enterprises (SMEs) with fewer than 50 employees, and up to 35% of eligible costs for SMEs with 50 to 250 employees.
The minimum grant amount is £5,000 and the maximum grant amount is £50,000. Companies will need to cover the rest of the costs through other sources.
Who is this for?
Scottish companies that have taken part in the Techscaler Executive Education Programme and been mentored by Codebase.
How long does this take?
Your project duration should typically be between 6 and 9 months. However, in some circumstances your project could run for up to 18 months.
Important information
Applicants must have participated in the Techscaler Executive Education Programme.
Not all companies that participate in the Techscaler programme will be eligible for funding.
If your company is eligible, Codebase will contact you to let you know - you don't need to do anything first.
Next steps
Visit the Techscaler website to join the programme.
Support provided by Scottish Enterprise South of Scotland Enterprise Techscaler