Leaders of eight Highland start-up companies, representing sectors ranging from saddle-making to software development, have embarked on an fast-track training programme to help them grow their businesses and lunch new products.
The 12-week Pathfinder Accelerator initiative, aimed at nurturing growth in technology and life sciences in the area, is being run by Highlands and Islands Enterprise (HIE).
It will culminate in a Dragons’ Den-style “demo day,” with participants making final pitches to prospective investors and partners.
The programme is being delivered for Scottish Government-funded HIE by Stirling-based business management consultancy, The Leadership Factory, with Edinburgh firm UP Accelerator providing coaching.
During the first 12 weeks, participants will be given support to test business ideas in what HIE describes as a “focused environment.” Over the second three months, they will receive coaching and mentoring to help them develop contacts, source funding and plan for growth.
The course will include workshops and seminars, and give those taking part a chance to engage with life sciences and technology experts and use collaborative office accommodation at Inverness Campus. Some elements will take place in areas including Caithness, Skye and Lochaber
James Cameron, head of life sciences, HIE, said: “The Highlands and islands benefits from a strong profile of life sciences and technology expertise – sectors which typically deliver high levels of innovation.
“Creating the best business model and hitting the right market segment can make the difference between success and failure of any business idea.
“The Pathfinder programme not only guides companies and start-ups through this process but assists with funding, office space, networking and expert insight.”
Companies taking part in the programme are: Aurora Sustainability; Creativity in Care: External Reality; Forbovi; Macphie Research and Communications; Orrin Equestrian Products; Pinnacle Business Solutions; and Visual Performance management.
The programme forms part of HIE’s Northern Innovation Hub, set up through the £315 million Highland city-region deal to encourage business innovation. It is also backed by the European Regional Development Fund.
