Global search for entrepreneurs to form start-ups in Scotland

Funding opportunities

The Edinburgh Pre-Incubator Scheme (EPIS) has launched a global search for 31 entrepreneurs to take part in the second round of its start-up programme for knowledge-based businesses.

Each entrepreneur accepted onto the scheme will receive an interest-free loan of up to £10,000, plus a support package, which includes business and academic mentoring, accommodation and access to Edinburgh University’s extensive resources, valued at around £70,000.

The scheme is funded by Scottish Enterprise Edinburgh and Lothian and the university. In the first round more than 80 per cent of participants set up a viable company. EPIS has already selected five early-stage businesses for its new line-up and is now inviting applications for the remaining 31 places.

Jim Mather, Minister for Enterprise, Energy and Tourism, said, “The EPIS programme is an excellent example of how we can achieve economic success by attracting entrepreneurs and developing innovative business ventures.”

The programme isn’t just about throwing money at good business ideas and hoping it sticks, says Adrian Smith, head of the scheme. “Even well-funded enterprises fail if they’re not working from a strong foundation. We give our entrepreneurs a network of friends, free accommodation, the invaluable guidance of experienced industry mentors and the full resources of a world-class university.”