What is Edinburgh Innovations?
Edinburgh Innovations manages every aspect of the University of Edinburgh’s industry engagement. This involves bringing industry into the university for research collaborations, and to use our facilities, from labs to office space. We also place our academics in industry, through consultancy, contract research and collaborative projects. And we manage secondments and internships – in both directions.
Alongside that, we manage traditional commercialisation activities, from identifying intellectual property to licensing agreements and spinout and startup formation, supporting both students and staff.
It will bring together entrepreneurs, the established financial sector, technology companies, the public sector, investors, accelerators and incubators.Dr George Baxter, Chief Executive Officer, Edinburgh Innovations
A key part of our work is matching external funding streams, from both public and private sector sources, with the needs of the university and industrial partners to support all these industry engagement activities. We run a full calendar of events, from workshops to competitions and bootcamps. These bring people together – and are often the triggers that lead to lasting partnerships. Edinburgh Innovations is a limited company, wholly owned by the University of Edinburgh.
What is FinTech Scotland?
FinTech Scotland’s goal is to create a thriving ecosystem by providing funding, support, infrastructure and talent, and to connect Scotland to other global fintech centres.
It will bring together entrepreneurs, the established financial sector, technology companies, the public sector, investors, accelerators and incubators.
Skills agencies and the research and development resources of universities will also be involved.
What's the rationale for your partnership?
The University of Edinburgh is a fintech leader, and Edinburgh Innovations helps the university deliver skills and talent in this field.
Innovation in fintech will be an important area of work for the university’s new Edinburgh Futures Institute, for example, and for the Edinburgh and South-east Scotland City Region Deal. The university is leading the city deal’s Data-Driven Innovation Programme, with the ambition to make Edinburgh the “data capital of Europe”. So it’s right that FinTech Scotland, a national body partly funded by the Scottish Government, should be firmly supported on behalf of the university by Edinburgh Innovations.
We have already been instrumental in the mechanics of establishing FinTech Scotland, not least as part of the steering committee led by Scottish Financial Enterprise. Edinburgh Innovations will initially host FinTech Scotland, providing office space and facilities. And, as with the other partners, our support includes funding.
What do you hope to achieve?
Our aims are closely aligned with those of FinTech Scotland – delivering skills and creating partnerships between the private sector and the university.
Our relationship with FinTech Scotland will help both of us achieve our goals, including incubating and accelerating startups and creating partnerships between industry and researchers. By having FinTech Scotland initially under our roof and always in a close, collaborative relationship, we‘ll enhance industry engagement opportunities and ultimately the impact of the university’s work.
(Main image: “Wee Archie”, a mini supercomputer that is a demonstrator version of ARCHER, the UK National Supercomputing Service based at the University of Edinburgh.)
If you would like to find out more about how we can help you and your business establish, relocate or expand within the city region, or would simply like more information about what Edinburgh has to offer, get in touch today.