Techstart Ventures Equity Finance

Support provided by Scottish Government

What does this involve?

The Scottish Growth Scheme is a package of financial support of up to £500 million for Small and Medium Enterprises (SMEs) in Scotland. The Scottish Growth Scheme is part financed by the European Regional Development Fund, backed by the Scottish Government, and aims to help businesses grow. This funding includes Techstart Ventures Equity Finance which is managed by Techstart Ventures on behalf of Scottish Government and provides equity finance of up to £2 million, in rounds of up to £10 million, for eligible businesses.

Equity funding can be used for a variety of purposes including:

  • growth funding
  • research and development
  • working capital
  • capital expenditure

Techstart Ventures invests principally in early stage start-ups and SMEs who are developing innovative new products with high growth and export potential.

Am I eligible?

To be eligible for equity financing of up to £2 million from Techstart Ventures Equity Finance, businesses must:

  • be a small to medium sized enterprise
  • have a funding proposal which demonstrates the potential for high growth
  • have a viable business plan which explains your innovation, the scale of the potential market, your competitive advantage and how the requested funding will help grow your business
  • be based in Scotland or ready to locate to Scotland (and located in Scotland before any equity financing is made available).

Techstart Ventures Equity Finance is not sector-specific and businesses in a variety of sectors have already been supported under the Fund, though certain sectors may be restricted.

What does this cost?

There is no cost to apply.

Who is this for?

High growth start-ups and SMEs based in Scotland who are seeking equity funding to develop innovative new products with high growth and export potential. This is not a grant scheme.

How long does this take?

This will depend on the nature of your funding proposition and the review process. Techstart Ventures will evaluate your formal application and makes the investment decision.

Important information

Advice and support for SME’s seeking to access finance is available from Business Gateway. Financial Readiness support is available from Scottish Enterprise, including in the Highlands and Islands area.

Next steps

Visit the Techstart Ventures website for further information and to contact the team.

 

Support provided by Scottish Government

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