Meeting of the Parliament 25 January 2024
As the member knows, the Scottish Funding Council carried out a review—at arm’s length from Government—of long-term funding for innovation centres. A lot of work is going on with the innovation centres that did not secure long-term funding from the SFC on how the new model can work for them. The SFC is leading that exercise and I am confident that, in some shape or form, the great work that is carried out by some of those innovation centres will continue.
We have committed £60 million so far to the implementation of the “Scottish Technology Ecosystem Review” recommendations, including £42 million in our national and unique Techscaler network to support the next generation of Scottish start-ups over the next five years. We are also developing entrepreneurial campuses, with academics, researchers and students bringing new business ideas to life. This is the technology nation in action—our science excellence fuels our innovation and technology, with our world-class universities underpinning our tech revolution.