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Regional EDGE
Regional EDGE is a competitive funding programme designed to broaden the reach of Scottish EDGE support to businesses across Scotland, particularly in regions that may not have previously engaged with EDGE. The programme strengthens relationships with regional partners who possess invaluable local expertise and are embedded within their communities. Backed by £400,000 of Scottish Government funding, the programme is split across four regions: Aberdeen and Aberdeenshire, Tayside (Perth & Kinross, Dundee & Angus), Highlands and Islands, and South of Scotland. Each region delivers its own live finals, with five winners selected in each region. Awards consist of one top award of £50,000 (70/30 loan/grant split), two £15,000 awards (grant only), and two £10,000 awards (grant only). The programme is delivered through regional partners including Opportunity North East, Elevator, GrowBiz, Highlands and Islands Enterprise, and South of Scotland Enterprise. Applications are assessed based on six key criteria: Value Proposition, Team, Impact, Customer Focus, Business Growth, and Utilisation of Funding. The competition involves a two-stage process: first-stage written application with a 3-minute video pitch, followed by live pitching finals for successful applicants. The programme targets early-stage businesses headquartered in Scotland that have been in operation for less than 5 years and have the potential to achieve cumulative sales of £200,000 over the next 3 years.
StartupMull
The primary objective of StartupMull is to help promising new businesses on Mull to get off the ground by awarding small but transformational grants. The fund was inspired by the excitement, frustration, joy, and sleepless nights which go with setting up and running new businesses on and off the island. Established by the StartupMull Trust, the purpose is to grow the resilience of the Island of Mull and its immediately surrounding islands by improving the economic infrastructure through the support of new business start-ups that benefit the Island community. Grants between £5,000 and £10,000 are available to businesses based on Mull or the surrounding islands. The fund will consider applications in any business area and is designed for businesses at the early start-up stage or those that have been operating for less than 12 months. Existing businesses may also apply if they are seeking to make significant changes such as changing or expanding how they operate their business.