News
Work begins on UK's new £750m supercomputer
Construction work has started on the UK's new £750m national supercomputer.
It will be hosted in University of Edinburgh buildings on the outskirts of Penicuik and Roslin in Midlothian, near the institute where Dolly the sheep was cloned.
Source: BBC News
RBS launches 'game-changing' IP lending product for Scotland’s creatives and spinouts
The Royal Bank of Scotland has become the first bank in Scotland to allow companies to borrow up to £10 million against the value of their Intellectual Property (IP). The IP lending scheme has gone live today at a launch event with representatives from Scotland’s technology and creative sectors at the University of Edinburgh.
Source: Scottish Financial News
Converge welcomes latest cohort with “astonishing breadth and depth of innovation”
Congratulations to Arvaan Mukherjee, Co-Founder and CTO of PhytoVenomics, on being selected as a participant in the 2026 Converge cohort ‘KickStart Challenge’, designed for aspiring entrepreneurs to test, validate and prepare to launch an innovative business ideas. The Roslin Innovation Centre tenant start-up is creating safer, more reliable and globally accessible, next-generation anti-venom solutions.
Scotland’s spinout potential is real – and its capital is finally catching up
University Spinouts are having a moment. Investment in the sector hit £3.35bn in 2024, up 44% on the year before, and the institutions driving those headlines – UCL, Oxford, Cambridge – are clustered within a few miles of each other in London. UCL Business’ recent research underscores the point, with academics at a single London university having driven £3.06bn in external investment across 95 active spinout companies over the past five years.
Source: DIGIT
Scottish Gov bets £328m to turn innovation into industry
A new report details the Scottish Government’s progress so far in transforming breakthrough research into commercial success, and outlines big plans for the future. The Scottish Government has pledged to invest more than £328 million to transform the country’s bleeding-edge research into commercial success, a huge cash outlay which the SNP hopes can power new businesses, products and services – making the country an “innovation nation”.
Source: DIGIT NEWS
Equity investment in Scotland’s smaller businesses bounces back
Smaller firms in Scotland saw increased levels of equity investment in 2024, as London became less dominant and the wider UK saw a collective decline.
That's according to the British Business Bank’s annual Small Business Equity Tracker , which showed that equity deals involving small businesses in Scotland totalled £507m last year; up 28.3% on 2023’s £395m.
Source: Business Insider