Scottish Enterprise is leading a near £900,000 ($1.4m) effort to support seven Edinburgh University academics transform their research into spin-outs.
The state-backed economic development body provided £625,000 of the overall pot through its Smart: Scotland awards, which provides up to $100,000 per project in proof-of-concept funding.
The seven companies receiving backing are audio tool developer Two Big Ears, audio production firm Krotos, Parkinson’s focused life sciences firm Parkure, edtech firm Pling, golf performance wearable manufacturer ShotScope, big data firm Kajeka, and software developer Particle Analytics.
Grant Wheeler, head of company formation at the university’s tech transfer office Edinburgh Research and Innovation, said: “The companies granted Smart: Scotland Awards in this round represent seven of 13 University of Edinburgh projects supported this year. The University of Edinburgh has a long history of securing Smart: Scotland Awards through this scheme, however this is the largest number of successful awards we’ve had in any one year. As a result of these Smart: Scotland Awards, six jobs will be secured and a further 13 new ones created. So not only will this provide a boost to the future growth of the businesses, it is also helping our economy.”
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