Edinburgh-based tech incubator set to boost Scottish start-ups
TechCube launches with 17 new companies already on board
Scotland’s first technology incubator developed entirely by private capital and the local start-up community launched in Edinburgh today.
Named TechCube, the site offers office space, a community hub and new investment capital to Scotland’s high-growth tech start-ups.
Based in the refurbished seven-story office block in the former Dick Veterinary School, the incubator launches with 17 start-ups already signed up, including fantasy sports company FanDuel and cloud computing comparison service PlanForCloud.
The 20,000 square foot site has received financial support from major Scottish tech firms including small business accounting software firm FreeAgent, Scottish Equity Partners and Skyscanner, who donated £25,000 worth of furniture to the project.
Managing director of TechCube Dr Jamie Coleman hopes that the venture will attract significant new angel and VC investment to Scotland.
A member of Northface Ventures, Coleman is working with a range of high-profile investment partners in order to achieve this.
He commented: “I hope that TechCube will fuel the incredible Scottish start-up community by bringing together the hottest start-ups and private equity.
“By lowering the barriers to entry, we can create a true meritocracy where the brightest and best can succeed.”