About us: Partners and funders

Scottish Enterprise

Scottish Enterprise

Scottish Enterprise is a government agency with a specific role in fostering economic growth by supporting Scottish companies to become more competitive. Its goal is to build globally competitive sectors, attract new investment and create a country where world-class companies will want to do business.  Renewables is recognised as a strategic priority for the organisation and its award winning work in the sector is wide ranging including support for commercialisation of new technologies and access to finance to investment in critical business infrastructure to support growth of the industry.

We have worked closely with Scottish Enterprise since our inception, and have been able to secure support for a broad range of business needs, including research, sales and marketing, leadership development and IP protection.

Scottish Enterprise has been extremely proactive and innovative in enabling us to secure significant grants and investment, including a £7 million equity investment from its Scottish Investment Bank and a £976,000 research and development grant.

In 2010 we were awarded £3 million from the WATERS fund (Wave and Tidal Energy: Research, Development and Demonstration Support) which is run and administered by Scottish Enterprise on behalf of a collaborative venture involving Scottish Enterprise, Scottish Government and Highlands and Islands Enterprise.

In addition the day to day contact with an experienced, enthusiastic and knowledgeable account manager has allowed us to draw on the enterprise network's wide pool of experience and contacts.

Following equity investment and R&D funding from Scottish Enterprise, Aquamarine Power has continued to make major progress in generating renewable energy from ocean waves, and I am delighted that the company’s innovative Oyster 800 device has been developed and built in Scotland and is now being tested in Scottish waters at the European Marine Energy Centre in Orkney.
Lena Wilson, Chief Executive
Scottish Enterprise

Related topics