The Scottish Spin-Out Challenge is being run through Scottish
Enterprise's High Growth Start-Up Unit in partnership with the
CBI,
Institute of Directors, Scottish Chambers of Commerce and Scotland
on Sunday.
Scottish Enterprise has made clear that this is "not another
business plan competition". Instead, its aim is to develop
high-growth Scottish businesses with global potential. It is open
to companies that can demonstrate potential world-class
intellectual property – such as expertise, patents or processes –
that will be assigned or licensed to a new spin-out company.
Finalists will be rewarded with "the bulk of expertise and
resources needed to successfully launch a new spin-out business,"
according to Scottish Enterprise.
The closing date for applications is 22nd April 2005.
