Scotland’s leading company creation competition and start up development programme for students, graduates and staff from the country’s universities announces its shortlist of nominees for 2016.
From 212 applicants this year, the judging process has now shortlisted the top 10 nominees for each of the competition’s three categories:
- Converge Challenge: for those with an established idea
- KickStart: for early stage ideas
- Social Enterprise: for ideas that will have a positive impact on social and environmental issues
The 2016 Converge Challenge category has been the most competitive year yet and includes two previous top 10 finalists and runners up from both the KickStart and Social Enterprise award categories. Converge Challenge’s commitment to nurturing new business ideas through its entrepreneurial development programme and expert advice has led to a strong pipeline of new business ideas being developed year on year.
Representing universities from across Scotland the shortlist of nominees represents a diverse mix of sectors including: renewables, food & drink, educational, construction, apps, beauty, healthcare software, security, digital retail and medical device digital healthcare.
|MIME Technologies Ltd
|Automated Time-Resolved Cell Stretcher
|Greyhope Bay Ltd
|Beyond Medics Ltd
|The Comics Studio
|MicroSense Technologies Ltd
*Finalists are listed in no particular order. Further information included in the notes to editor.
The 2016 Converge Challenge programme has been the most successful to date with 17 of Scotland’s universities represented among 212 applications. – This is a record number of applicants and represents 14% growth year on year. Applications were received from Undergraduates (30%), Postgraduates (40%) and staff (30%), with a 34% increase in KickStart applicants and 14% for the Social Enterprise award category.
A panel of expert judges made up of industry experts, leading entrepreneurs and investors from across the business community will now assess the projects and select the winners of the prestigious Converge Challenge awards. This year, Converge Challenge has increased its total prize fund to £150,000 through cash prizes and a broad range of expert support and training that has been provided through partners and sponsors.
The winner of each of the three categories will be announced at an awards ceremony at the Assembly Rooms, Edinburgh, on 22 September.
Olga Kozlova, Director of Converge Challenge, said:
“It’s always tough to shortlist nominees and this year’s top 10 are the best yet. We’re especially pleased to see previous applicants back in 2016 with stronger business plans and that Scotland’s dynamic and diverse economy is well represented in the range of businesses included. In addition, our 2016 KickStart and Social Enterprise finalists are, I’m pleased to say, all new names to us, which shows a growing appetite in academia for start-ups.
“Converge Challenge is becoming a vital opportunity for start-ups to engage with and it’s not only good for them, it’s good for Scotland’s economy. Over 80% of Converge Challenge companies go on to secure follow-on funding with alumni having secured over £34 million of funding and employing over 150 staff since 2011.”