Pre-start technology businesses with high-growth potential may be eligible for support from the High Growth Start-up team at Scottish Enterprise. You can get help with finding funding, building your team and business planning.
Overview
If you're starting a technology business with high-growth
potential, you may be able to get support from the High Growth
Start-up team at Scottish Enterprise.
The High Growth Start-up team works with pre-start businesses
across Scotland. They have very strict eligibility criteria, but if
you qualify you will receive intensive hands-on support.
About the High Growth Start-up team
The High Growth Start-up team works with pre-start technology
businesses that have the potential for accelerated growth. They
typically take on 10-14 new businesses a year and can continue to
work with them for up to two years, or longer in exceptional
cases.
If you're eligible for assistance, the High Growth Start-up team
will work with you to help you develop a fully-funded new business.
During this process, they will help you to create a business
proposition that you can present to investors.
The High Growth Start-up team does not invest in or provide seed
funding for start-up businesses.
The High Growth Start-up team offer assistance in a number of
key areas, including:
advising on an appropriate business model
identifying potential funding sources
finalising your staff hiring plan
They may also provide matched financial contributions towards
key business development costs.
If you're not quite ready for high growth, you can still access
start-up support from Business Gateway. You can call the Business
Gateway Helpline on Tel 0845 609 6611.
Eligibility criteria for High Growth Start-up support
To qualify for assistance from the High Growth Start-up team,
you should be starting a Scottish business that will
achieve a minimum £5 million valuation within 3 years or have
revenues of £5 million within 5 years
When assessing your project, the team will consider:
competitive advantage
market size, growth rate and barriers to entry
channels to market
sales cycles
funding and investment needs
experience, expertise and ambition of founders and management
team
intellectual asset ownership and protection
technology readiness level and proximity to revenues
market segment and export potential
business model and scaleability
key milestones
orofit margins and overall viability
Applicants will also have to attend a panel interview.
If you're not eligible for high-growth assistance, you can still
access start-up support from Business Gateway. You can call the
Business Gateway Helpline on Tel 0845 609 6611.
