Businesses with high growth potential from across Scotland have shared £1.25 million in the latest Scottish EDGE pitching competition, and ThermaFY are delighted to have been awarded one of the top prizes of £100,000.
It was an inspiring day listening to the other pitches, but also hearing Theo Paphitis chatting with fellow entrepreneur Sir Tom Hunter where he talked about his career and recalled a lifetime of success, failure and comebacks. He told the 400 startup business owners: “Never give up on your dream. If you do, it is over.”
Scottish Edge is the UK’s biggest funding competition for small businesses and provides a support package that includes mentoring and signposting to alternative finance.
Scottish EDGE is supported by the Hunter Foundation, RBS, the Scottish Government and Scottish Enterprise and has a vital role to play in the country’s economic growth.
Speakers at the event included Dragons’ Den star Theo Paphitis and Sir Tom Hunter, whose Hunter Foundation is a key supporter of the contest.
Hunter said: “Scottish Edge provides pivotal gap funding to potential high growth businesses, but the funding is almost secondary to the support those businesses then benefit from, not least the peer to peer knowledge exchange.
“Scotland lags in building substantive high growth businesses and Scottish Edge is a key component to eradicating that gap and accelerating Scotland’s economy.”
Paphitis said: “It’s been a pleasure to be involved in the Scottish Edge finals today. There was a huge amount of Scottish talent there today, showing the rest of the world what they’re made of! A trip down memory lane with Sir Tom was the icing on the cake for me too.”