Unlocking Ambition 1 Year Celebration
Twenty entrepreneurs with early stage companies are celebrating their successes following a year-long programme of funding, training, mentorship and academic support from the Royal Society of Edinburgh (RSE)’s Unlocking Ambition Enterprise Fellowship (UA EF) scheme funded by the Scottish Government.

Selected in June 2018 after a competitive process, the UA Enterprise Fellows received a £25,000-50,000 maintenance grant plus £20,000 to work full-time on developing and scaling their business idea and to literally unlock their ambition. They had visiting status at a Scottish university or research institute, tailored business training, and a dedicated mentor from the world of business.

The results are impressive: between them, in the first year alone, they have employed over 50 people; appointed 37 new board members; secured over 2,700 customers, contracts and users; negotiated 16 investment deals; and won 19 award nominations. They have also realised important business milestones, including spin-out company formation, market research to inform product development, establishment of scalable business models, development of prototypes to viable product launch, and identification of new commercial markets.

As Scotland’s national academy, the RSE encourages enterprise, innovation and the commercialisation of technology-based ideas developed from academic research. Under the Unlocking Ambition initiative, the RSE’s programme has been designed specifically to support the development of new, innovative high-growth businesses based in Scotland.

The RSE Enterprise Fellowship is part of the Unlocking Ambition Challenge, announced by the First Minister Nicola Sturgeon in November 2017.

48 photos · 87 views