Scottish businesses to bid for share of £1m from Dragons' Den-style fund

The Scottish Government has set up a Dragons’ Den style fund to help entrepreneurs.

Business owners will be able to pitch their plans to leading business figures such as Sir Tom Hunter and Sir Willie Haughey in a bid to cash in on this £1m fund.

The new fund will invest up to £50k in businesses, with applicants submitting business plans and a minute long online video pitch. Those shortlisted will then get the opportunity to pitch directly to the panel, together with representatives from RBS, Scottish Enterprise and Highlands and Islands Enterprise.

Businesses that secure funding through the scheme will also be provided with mentoring and support.

About The Author