Boosting Entrepreneurship in Scotland
Published: 31 January 2019 by KTN
New Round of Scottish EDGE - Boosting Entrepreneurship in Scotland
The Scottish EDGE is a programme developed by the Scottish Government, alongside a range of partners. The programme consists of various competitions and is designed to help entrepreneurs realise their growth ambitions and to contribute to Scotland's economic success.
The number of winners usually varies for each round. The funding breaks down as follows:
- Scottish EDGE: Companies may apply for and win awards worth up to a maximum amount of £100,000. Scottish EDGE awards are offered on a 40:60 grant/loan split. Within the Scottish EDGE category are three special awards:
- Higgs EDGE: Eligible companies may win one of the two awards that are available within the category; either £150,000 or £100,000. Awards are offered on a 40:60 grant/loan split.
- Creative EDGE: A special award for creative sector businesses. The award carries a potential prize amount of £100,000 (40/60 grant/ loan split), which is awarded to one Scottish EDGE finalist on the day of the final.
- Social Enterprise EDGE (SEE) Award (new for 2018): There will be a prize of up to £100,000 – 60% loan and 40% grant – for the top social enterprise business ideas.
- Young EDGE (18-30): Companies that meet Young EDGE criteria may win awards worth up to £15,000 in the form of a grant.
- Wild Card EDGE: Companies that meet Wild Card EDGE criteria may win awards worth up to £15,000 in the form of a grant.
- Winner's EDGE (WEDGE): This is a competition which is only open to previous winners of Scottish EDGE in any category. WEDGE offers two separate awards of £100,000 (60% Loan / 40% Grant) and will focus on Scale-Up and International impact.
The competition is open to entrepreneurs operating new small businesses in Scotland that have growth potential and ambition.
The deadline to apply for the 2019 Winner’s EDGE (WEDGE) is 2pm on Tuesday 19 February 2019. The deadline to apply for Round 14 of Scottish EDGE is 2pm on 4 March 2019.
