The Creative EDGE Award will be a prize of up to £100,000 – 60% loan and 40% grant – for the top creative business idea in rounds 11 and 12 of the Scottish EDGE competition.
Scottish EDGE has made 300 awards to date, totaling over £9.5 million while helping to create over 950 jobs and boosting turnover of awardee companies by £57 million while helping them to secure an additional £55 million in investment.
Alumni success stories from the creative sector include Trtl, whose sleep scarf is the bestselling travel pillow on Amazon in the US and UK, Looblade, a reinvention of the toilet brush which has now been exported to over 100 countries and cycling clothing business, Findra, who recently opened their first shop in the Borders. Round 10 winners in June 2017 include Corien Staels of Staels Design who has developed the Wheelair cushion to cool wheelchair users.
Scottish EDGE launched Round 11 last week with the final planned for 14th December where up to £1.3 million in grant and loan funding will be awarded to around forty Scottish startups. Scottish EDGE itself is supported by the Royal Bank of Scotland, The Hunter Foundation and the Scottish Government.
Fiona Hislop, Cabinet Secretary for Culture, Tourism and External Affairs said: “An exciting future lies ahead in this fast growing business sector providing opportunities internationally for our wide and diverse creative industries.”
David Shearer, Chairman, Scottish EDGE said: “There is a misconception that innovative, high-growth business have to come from the science or technology sector but we’ve had some amazing success stories with businesses from the creative industries. This award will allow us to highlight those businesses and encourage applicants from the creative industries to come forward for support and funding from Scottish EDGE.”
Rachael Brown, CEO of the Cultural Enterprise Office said: “We’re delighted to be partnering with Scottish EDGE. I believe passionately that Scotland is one of the best places in the world to start and grow a creative business. The creative sector needs to be nourished, developed and supported in order to achieve its full potential and this award demonstrates our commitment to working with creative entrepreneurs.”
Clive Gillman, Director of Creative Industries at Creative Scotland said: “We’re really pleased to be joining the Scottish EDGE partnership to support exciting new creative ideas to be developed into successful businesses. We know that Scotland has a wealth of creative talent across the performing and visual arts, design, crafts and creative technology and that there is a real appetite to turn this creative motivation into new kinds of businesses. The financial and developmental support on offer through Scottish EDGE is a great way to help transform this ambition into successful creative enterprise.”