New investment in Glasgow's digital and creative companies
The emerging cluster of digital and creative companies in Glasgow are in line for an investment boost of up to £900,000 to promote their "accelerated growth and expansion" in a funding competition launched by the Technology Strategy Board, in partnership with Creative Clyde.
Announcing the business innovation competition, known as the Digital & Creative Clyde Launchpad, Universities and Science Minister David Willetts said: "The digital and creative industries in Glasgow are at the centre of new innovations in the UK. From mobile phone apps to new software development, they are ideas that make a difference to people's day to day lives.
"This investment will help the brightest businesses in Glasgow develop new ideas and solutions. It is important that the UK stays at the forefront of these innovations so we can continue to compete on a global scale."
Councillor Gordon Matheson, Leader of Glasgow City Council, said: "This announcement underlines Glasgow's hard-earned status as an international leader in the digital and creative industries. Our willingness to embrace new technology to improve the lives of our residents and the competitiveness of our businesses was illustrated by the city's winning of the £24million Future Cities Demonstrator competition, also awarded by the Technology Strategy Board. I look forward to seeing the results of this investment in the near future."
Linda McPherson, Director of Creative Industries at Scottish Enterprise said, "The Launchpad approach is designed to help companies in the Creative Clyde area raise their level of innovation and build their competitive advantage. We know that companies which invest in R&D, even early stage businesses, can accelerate their business growth, exploit new international markets, and increase revenue from new products and services developed. Creative Clyde is a great place to make this happen as it is a vibrant and collaborative business environment and home to many media, technology and creatively-minded businesses".
The Digital & Creative Clyde Launchpad competition is open to SMEs based in the area covered by Glasgow City Council, those planning to move or set up there and projects involving collaboration with companies already there. It offers companies up to 60% funding for innovative R&D projects up to a maximum of £60,000. For more information please visit here
Launchpad competitions, run by the UK's innovation agency, the Technology Strategy Board, are part of an ongoing programme to support business innovation in a cluster of companies. This is delivered through a combination of R&D project funding, which includes business support and help to attract new private sector investment. They enable businesses to take advantage of being part of a developing cluster and assist them to realise their potential for growth. It is envisaged that up to 15 projects will be funded from this competition.
In each Launchpad the Technology Strategy Board will be working with a local partner organisation, known as a cluster champion, to deliver a full package of support to the competition winners and to engage with the cluster as a whole. The cluster champion for the Digital & Creative Clyde Launchpad is Creative Clyde.