Based in Edinburgh, the non-profit organisation said the financial boost will allow it to “improve data innovation’s economic impact on Scotland”, create employment opportunities and enhance the country’s global reputation.
We’re proud of the impact The Data Lab has had on Scottish business and innovation communities over the last four years...The continuation of our work will help develop a strong data science community and accelerate Scotland’s economic growth...Gillian Docherty, CEO , The Data Lab
As part of its “Phase 2” activity, it expects to invest £18.9m in more than 100 new data-driven innovation projects. The funding package consists of up to £9.5m from the Scottish Funding Council, £2.5m from Scottish Enterprise, £1m from the Scottish Government’s Digital Directorate and £500,000 from Highlands and Islands Enterprise.
Since its launch in 2014, The Data Lab has used its initial round of funding from the Scottish Funding Council to attract and develop data talent in Scotland, create and run educational programmes and events, and provide financial backing to Scottish innovation projects.
In March, The Data Lab oversaw DataFest18, a week-long Scottish festival involving 3,000 people and 50 events. Speaking ahead of his announcement during today’s DataFest19 launch event in Edinburgh, MSP Richard Lochhead said data innovation funding so far had produced “a transformational effect” on Scotland’s economy...