Partnership set to deliver boost to tech sector

Published: 30 April 2019

Edinburgh’s tech sector will go from strength to strength after a partnership between Informatics Ventures and the Data-Driven Innovation Initiative was announced at the annual international technology investor event, Engage Invest Exploit (EIE).

Scotland’s capital is the best location in the UK for establishing a technology company, according to the Tech Nation 2018 Report.

Boasting successes such as Skyscanner and Fanduel, and with the backing of the £1.3 billion Edinburgh and South East Scotland City Region Deal, Edinburgh’s tech eco-system continues to thrive as it aspires to become The Data Capital of Europe.

The EIE event has already helped over 350 companies attract over £650m of funding since its inception twelve years ago and last week’s event saw another 50 companies pitch to potential investors.

EIE shows why data-driven innovation was adopted as a key part of the Edinburgh and South East Scotland City Region Deal.

Jarmo Eskilinen, Director, Data-driven Innovation Initiative

 

The partnership will support the launch of even more spin-out companies, attract startups, as well as supporting established tech businesses to seek investment.

Steve Ewing, director of operations at Informatics Ventures, which runs Engage Invest Exploit (EIE), said: “Looking to the future, Informatics Ventures and EIE are uniquely placed to play a transformative role in realising our joint ambition to make this region the Data Capital of Europe.”

 

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