North-east firm Trojan Energy is one of only two businesses flying the flag for Scotland in a hunt for the UK’s next technology pioneer.
Trojan, based in Stonehaven, and Edinburgh company Desana were among 10 firms from around Scotland that pitched to a panel of industry experts seeking two outstanding representatives from north of the border to go forward into the UK final.
The overall UK winner will secure a place at an event in Lisbon, Portugal, in November – Web Summit – where it will compete against technology innovators from at least 16 other countries to be crowned the first KPMG “private enterprise global tech pioneer“.
An initial £1m investment was led by business angel syndicate Equity Gap, “profit with purpose” investor SIS Ventures, Aberdeen-based investment syndicate Alba Equity and the Scottish Investment Bank (SIB), the investment arm of Scottish Enterprise.
It unlocked a further £3.1m from Innovate UK, the UK Government-backed innovation agency.
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