Investment boost to Creative Clyde

Thursday February 28th, 2013

The emerging cluster of digital and creative companies  in Glasgow are in line for an investment boost of up to £900,000 to promote their accelerated growth and expansion, in a funding competition  launched by the Technology Strategy Board, in partnership with Creative Clyde .
The Digital & Creative Clyde Launchpad competition is open to SMEs based in the area covered by Glasgow City Council, those planning to move or set up there and projects involving collaboration with companies already there.
It offers companies up to 60 per cent funding for innovative research and development projects up to a maximum of £60,000.
Launchpad competitions, run by the UK’s innovation agency, the Technology Strategy Board, are part of an ongoing programme to support business innovation in a cluster of companies. This is delivered through a combination of research and development project funding, which includes business support and help to attract new private sector investment.
They enable businesses to take advantage of being part of a developing cluster and assist them to realise their potential for growth. It is envisaged that up to 15 projects will be funded from this competition.

In each launchpad the Technology Strategy Board will be working with a local partner organisation, known as a cluster champion, to deliver a full package of support to the competition winners and to engage with the cluster as a whole. The cluster champion for the Digital & Creative Clyde Launchpad is Creative Clyde.

Last month the Technology Strategy Board launched a £1m competition, the Space and Satellite Technology Launchpad, for companies working in, or looking to set up in, the space community at Harwell.

Finance Secretary, John Swinney, said:  “Generations of talented Glaswegians and enterprising Scots have helped cement Glasgow’s global reputation for innovation and creativity.The Scottish Government recognises the importance of capitalising on Scotland’s strengths and this £900 000  investment is tremendous news for the Creative Clyde project.” 


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