Supporting the commercialisation of advanced technologies developed at Scotland's universities, to create new high-growth companies with the potential to generate significant economic impact in Scotland. The objective is to create new high-growth companies with the potential to generate significant economic impact in Scotland. There are four streams to HGSP: Pre-Opportunity Qualification: £5-10k for market research. Opportunity Qualification: up to £75k for a 6-12 month project. Company Creation: up to £200k for a 12-24 month project, at the end of which the spinout company is usually formed. Convertible Loan Notes: Up to £400k in the form of a convertible loan is a type of debt that can either be repaid with interest or converted into equity shares at a later date. Once the spinout company is established, SE may provide access to a CLN alongside other investment or grant funding. Supported activities include, but are not limited to: Appointment of an experienced commercial champion to lead and manage commercial engagement. Technology de-risking through prototyping. Investor engagement. Market research. Regulatory assessment. Intellectual property strategy development. We work closely with staff at Scottish Enterprise to develop projects, so please a member of our team to find out more. We encourage you to reach out at the earliest opportunity. This article was published on 2024-07-01
