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Chamber and committees

Scottish Enterprise Records Highest Number of Academic Spin Outs

  • Submitted by: Gordon MacDonald, Edinburgh Pentlands, Scottish National Party.
  • Date lodged: Tuesday, 21 November 2023
  • Motion reference: S6M-11304

That the Parliament commends Scottish Enterprise for supporting the highest ever number of academic spin-outs through its High Growth Spinout Program in the 2022-23 financial year; understands that, in May 2023, Scottish Enterprise was named the UK’s top investor in spin-outs by number of deals in the Royal Academy of Engineering’s Spotlight on Spinouts report; further understands that Scottish Enterprise, through its spin-out programme, supports research teams to commercialise their innovative ideas and projects, transforming them into successful businesses; believes that this facilitates the creation of homegrown high-value jobs and the development of new products and services for domestic and international markets, generating significant economic impact for Scotland, and appreciates that, in the financial year 2022-23, Scottish Enterprise has supported projects from 33 research teams from institutions including the universities of Heriot-Watt, Strathclyde, Edinburgh, Aberdeen, Glasgow, Edinburgh Napier, the West of Scotland and the James Hutton Institute.

Supported by: Karen Adam, Clare Adamson, Jeremy Balfour, Colin Beattie, Miles Briggs, Jackie Dunbar, Pam Duncan-Glancy, Annabelle Ewing, Kenneth Gibson, Emma Harper, Bill Kidd, Ruth Maguire, John Mason, Ivan McKee, Stuart McMillan, Audrey Nicoll, Ash Regan, Kevin Stewart, Paul Sweeney, David Torrance, Evelyn Tweed, Sue Webber