Case Study: Entrepreneurial Spark

Published: 13 Jul 2014 07:30

ENTREPRENEURIAL Spark – otherwise dubbed ‘E-Spark’ – saw half a dozen of its supported businesses and alumni, including one from Edinburgh, win big at a major enterprise awards ceremony last month.

Having helped to mentor Get to Grip with Grants, Airts, Diary Doll, Hectares Sweet Potato Crisps, Mo’s Cookie Dough and Shand over the last 12 to 18 months, the business accelerator saw all six awarded a total of £246,000 funding at the Scottish EDGE awards.

The E-Spark winners were among 15 lucky recipients to benefit from a total prize fund of £660,000 in the industry roll of honour, which included a Young EDGE award for the first time – won by Hectares Sweet Potato Crisps which scooped a £7,500 boost.

Jim Duffy, CEO of E-Spark, is excited for all 15 EDGE winners.

“The latest Scottish EDGE awards final was a phenomenal night for Scotland and we can’t wait to see how the winners invest their funds to continue to grow their businesses,” he says.

“Every winner tonight was very worthy and the standard of pitching was exceptional. There is an incredible buzz in the Scottish start-up community at the moment, and we are delighted to be part of it. Another big diary date for the Scottish entrepreneurial and business community was Hatchery Hits the Streets in Glasgow on June 30 where entrepreneurs pitched for over £60k in prize funds in front of an impressive panel of top Scottish business people.”

According to E-Spark, more start-up businesses than ever before have been incorporated in the last year and the UK is seeing a huge increase in the number of people starting their own businesses.

It says the upsurge is supporting economic growth and creating new jobs – a sentiment that’s echoed by the Federation of Small Businesses which says that, last year SMEs accounted for 59.3 per cent of private sector employment.

To read E-Spark’s latest report, visit http://www.entrepreneurial-spark.com/media/impact.pdf

Jump to first paragraph.