Edinburgh tech hub growth accelerates
From new start companies to multi nationals setting up operations, Edinburgh has seen an acceleration in the number of digital technology companies based there.
The number of new start technology companies springing up in Edinburgh has been increasing year on year for the past decade. Companies such as Skyscanner and FanDuel have now grown to be global heavyweights. Alongside this upsurge in new and innovative companies, Edinburgh has also seen an increase in global technology companies setting up operations - Microsoft, Apple and Amazon all now have premises in the heart of the city.
Amongst the most recent boons for the Edinburgh technology hub was tech company Cortex’s capture of the contract to provide Dyson’s new website. The site attracted 1.5 million users in its first 24 hours, more than ten times the expected volume. Cortex has now nearly trebled its workforce and has more large global companies in the frame for future business.
Over the last five years, Edinburgh University has supported the start up of more than 180 new companies in the area. In twelve months alone, 44 new companies have been assisted by the University’s commercialisation department – Edinburgh Research and Innovation (ERI).
Head of company formation at ERI, Grant Wheeler, agreed that “Edinburgh is now emerging as the largest technology hub outside London, and at the heart of that phenomenon is the University and its enterprise scene.
“Whether it’s from the world class research base or from student entrepreneurs, we're seeing new companies being formed here and in record numbers.”.
Two new companies at the forefront of this upsurge in the Edinburgh technology hub are Pufferfish, who design and manufacture novel digital display systems and pureLifi, a spin out from the University’s Department of Engineering and now regarded as industry leaders in revolutionising wireless connectivity.
As the Principal of the University of Edinburgh, Professor Sir Timothy O’Shea said “The first class support provided by the University and the wider enterprise support network play an important role in delivering impact for the world class research coming out of our University.” .
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