Scottish National Investment Bank among key sponsors of this year’s Invest2Scale event Edinburgh
The state-backed bank along with fintech firm MarktoMarket and Cazenove Capital have reaffirmed their support after sponsoring last year’s inaugural gathering. This year’s Invest2Scale, being held on October 31 at Virgin Hotels Edinburgh, has a theme of space and fintech, and is again inviting a select group of company founders to take part. The day will feature networking sessions, industry discussions, and other scale-up focused activities, mixing the companies with an audience of senior figures from the UK and global investment community.
The event, led by law firm MBM Commercial, accountant and adviser CT, recruitment specialist Eden Scott, and Angel Capital Scotland (formerly Linc Scotland), says it helps scalable Scottish companies ready for high-level growth by providing them with direct access to investors and venture capitalists (VCs).
The SNIB, which said in June that it expected “significant losses” due to the collapse of Circularity Scotland, explains that it acts as a catalyst for attracting company growth investment for Scottish-based companies, particularly scale-ups with a proven concept. MarktoMarket is behind a data platform that it says enables busy VC firms to source, analyse, and connect with attractive investment opportunities, while wealth-management company Cazenove Capital helps entrepreneurs, professionals, families and charities from across the globe plan for their financial future.
SNIB chief executive Al Denholm said: “Scale-up businesses are a key driver of growth and productivity in Scotland’s economy. Ensuring access to investment needed to sustain their growth brings productivity gains, enhanced [research and development] investment, high-value job creation and export growth. As a development bank, we’re focused on providing the patient capital needed for innovative and productive businesses in Scotland to thrive as they scale up further and go global. Events like this are critical in bringing the scale-up community together.”
MarktoMarket boss Doug Lawson said: “We’re delighted to continue our support of Invest2Scale, an event which helps revenue-generating Scottish scale-ups get access to the right kind of external finance, an essential element to enable many ambitious smaller businesses to achieve their growth aspirations.”