Tech start-ups have gathered for EIE2019

Published: 24 April 2019

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 £1.3bn 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.

What is Engage Invest Exploit?

Engage Invest Exploit (EIE) is the premier technology investor showcase powered by Informatics Ventures. The annual EIE conference features the most promising innovative, data-driven high growth companies, seeking funding from seed to series A and later stage funding.

Steve Ewing, director of operations at Informatics Ventures, which runs EIE, said: “This year’s cohort of companies ranged from very early stage to 5+ years, and each of them used the opportunity to pitch to the panel of 12 global investors. The majority of this year’s extended pitch slots went to companies who are at the post-revenue stage, so they were seeking funding to scale their business and manage growth.”  

EIE is a chance for companies to meet with and start to build relationships with investors.

What were the key highlights of this year’s event?

Our keynote speakers included Professor Sue Black OBE. Recently named in the list of top 50 women in tech in Europe, Sue is one of the leading tech personalities in the UK today. An award-winning computer scientist, radical thinker, and social entrepreneur Sue is well known for founding the high profile campaign to save Bletchley Park, capitalising upon social media as a fitting continuation of Bletchley’s technological legacy.

Nagraj Kashyap, Corporate Vice President and Global Head of M12, shared the experience he gained in 20+ years of venture capital, business development, software engineering, and management. Previously, he was a senior vice president and head of Qualcomm Ventures and led business development for Qualcomm Research. 

This year’s cohort of companies ranged from very early stage to 5+ years, and each of them used the opportunity to pitch to the panel of 12 global investors. The majority of this year’s extended pitch slots went to companies who are at the post-revenue stage, so they were seeking funding to scale their business and manage growth.

Dr Steve Ewing, Director of Operations, Informatics Ventures

 

At the conference gala dinner, we heard from Derek MacKay MSP, Cabinet Secretary for Finance, Economy and Fair Work. In May 2016, Derek Mackay MSP was appointed Cabinet Secretary for Finance and Constitution so had interesting insights to bring to our event.

Our final speaker, entrepreneur Seonaidh MacDonald entertained the audience post dinner. Seonaidh was until late 2016, the CEO of mLED Ltd, a world leader in micro-displays for Augmented & Virtual Reality products. In 2016 he led mLED through a hugely successful trade sale to a U.S household name, delivering a significant exit multiple.  

Not forgetting we had the chance to hear from up to 50 exciting data-driven technology companies who pitched live for investment!

What’s your track record in helping companies?

Since inception, the number of companies supported by the IV programme is in excess of 350. Last year, EIE2018 hosted 985 delegates, including in excess of 250 investors, company executives, founders and guests and showcased high potential Data Driven Innovation companies.

The 2018 company cohort have since raised funding in excess of £4.8m to date:  Novo-sound £1.5k, Good Loop £320k, Codeplay £2.1m, Cyan Forensics £900k.

EIE2019 witnessed 50 high growth, data-driven tech companies pitching for seed to ‘series A’ funding.

What did you want the programme to achieve?

The day, as always is a chance for companies to meet with and start to build relationships with investors. It’s also for investors to meet with potential co-investment partners – and for the tech entrepreneurial ecosystem to come together, network together and showcase its outstanding capabilities to a global audience.

EIE2019 took place on 24 April 2019 at the McEwan Hall in Edinburgh. To discover more about the event, visit www.eie-invest.com.

 

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.

E: invest@edinburgh.gov.uk

 

 

 

Share

Get in touch

Investor Support Team

City of Edinburgh Council

E: invest@edinburgh.gov.uk

Latest tweets

follow us @InvestEdinburgh