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Funding your Business Idea?Tom Ogilvie Enterprise Development Manager
• Introduction
– Why do we need a Business Plan
– High Growth Spinout Programme
– RSE Enterprise Fellowships
– SMART Scotland
– Other funding?
• Seed Funds
• EDGE Award
• Crowd Funding
Why do we need a Business
Plan?
“The important thing is not being afraid
to take a chance. Remember, the
greatest failure is to not try.”
-Debbi Fields, founder of Mrs. Fields Cooki
New High Growth Spinout
Programme
Stages of the project?
High Growth Spinout
Programme.• Technology offering
• IP position
• Commercial Plan
• Market Analysis
• Competition
• Management
RSE Enterprise Fellowship
RSE Enterprise Fellowships
SE SMART : Scotland
• What is the grant for?
– Technical and commercial feasibility studies
– Research & Development projects
• Who is eligible?
– SMEs in Scotland
– Individuals planning to set up an SME in
Scotland
www.scottish-enterprise.com
SE SMART SCOTLAND
Technical Risk
Intellectual Property
Technological advance
Exploitation Route &
Commercial Need
Additionality& Viability
Business Angels?
Scottish EDGE Awards
Crowd Funding?
QUESTIONS?
Thank You
For Further information –
www.research-innovation.ed.ac.uk/entrepreneurs