Partnership set to deliver boost to Edinburgh’s tech sector

Edinburgh’s tech sector will go from strength to strength after a partnership between Informatics Ventures and the Data-Driven Innovation Initiative was announced at the annual international technology investor event, Engage Invest Exploit (EIE).

The Data-Driven Innovation initiative is part of the Edinburgh and South East Scotland City Region Deal, and aims to help organisations and all citizens benefit from the data revolution.

Scotland’s capital is the best location in the UK for establishing a technology company, according to the Tech Nation 2018 Report.  Boasting successes such as Skyscanner and Fanduel, and with the backing of the £1.3 billion Edinburgh and South East Scotland City Region Deal, Edinburgh’s tech eco-system continues to thrive as it aspires to become The Data Capital of Europe.

The EIE event has already helped over 350 companies attract over £650m of funding since its inception twelve years ago and last week’s event saw another 50 companies pitch to potential investors.

The partnership will support the launch of even more spin-out companies, attract startups, as well as supporting established tech businesses to seek investment.

Steve Ewing, director of operations at Informatics Ventures, which runs Engage Invest Exploit (EIE), said: “Informatics Ventures and EIE were at the genesis of, and remain very much at the heart of, the data-driven technology entrepreneur ecosystem in Scotland and our reputation for excellence spreads far beyond. Partnering in this way with the Data-Driven Innovation initiative will help us to launch, nurture and showcase more spinouts and startups in the EIE programme and, in so doing, help turbo boost the region’s economy. Looking to the future, Informatics Ventures and EIE are uniquely placed to play a transformative role in realising our joint ambition to make this region the Data Capital of Europe.”

Jarmo Eskilinen, Director of the Data-driven Innovation Initiative, said: “EIE is a hugely respected showcase of talent and passion, a brilliant selection of start-ups in the burgeoning digital ecosystem of the Edinburgh City Region. The event shows why data-driven innovation was adopted as a key part of the Edinburgh and South East Scotland City Region Deal. 

“The City Region Deal’s Data-Driven Innovation programme aims to grow the ecosystem bigger and wider, driving investment and growth, so I’m delighted to partner with EIE as they move into their second decade as Scotland’s flagship event for tech investment. Together we can turn Data Capital of Europe from an idea to reality, doing data right.”

3 COMMENTS

  1. Good day! This post could not be written any better!

    Reading through this post reminds me of my old room mate!
    He always kept chatting about this. I will forward this
    post to him. Pretty sure he will have a good read.
    Many thanks for sharing!

  2. I’m really enjoying the design and layout of your website.
    It’s a very easy on the eyes which makes it much more enjoyable for me to
    come here and visit more often. Did you hire out a
    designer to create your theme? Superb work!

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Sponsor

Our Other Titles

Latest

Global growth accelerates as Miigen acquires digital inheritance platform

Miigen, the secure private social platform for older adults which enhances the quality of later life living, has increased the pace of...

EIE20 tech investor event goes virtual

SCOTLAND technology investor showcase, EIE20, is going virtual this October. EIE20 features 50 data-driven start-up to scale-up companies pitching...

Scottish SMEs receive £4m in loan funding through Business Loans Scotland

SIXTY-two business owners across Scotland have received a loan from Business Loans Scotland to support the start-up and growth of their company.

Social media agency marks anniversary with £1m turnover

SCOTTISH specialist social media agency Hydrogen is set to celebrate its fourth anniversary with the news that it has broken the £1m...

Edinburgh space data company secures new funding

EDINBURGH-based business Astrosat is propelling itself to the forefront of international Space Applications and innovation with support from the Scottish Government and...