Aberdeen Start-Ups Bag ￡140,000 to Help Reduce Costs in the Oil and Gas Industry

摘要

Two Aberdeen based start-up companies -which have developed technologies aimed at saving the oil and gas industry money - are celebrating after being awarded ￡140.000 in Scottish EDGE funding. Brothers. Ed and Richard Nimmons. of Dry Ice Scotland, secured ￡100,000 worth of funding, while Tristam Horn, of Deepwater Oil Tools, was awarded ￡40,000 at a live business pitching event. Scottish EDGE is a ￡1.27million fund which aims to support and encourage entrepreneurial activity within Scotland. Previously run by Scottish Enterprise, the fund is now managed by The Hunter Foundation and RBS. Twenty-two of Scotland's most promising entrepreneurs pitched their businesses to an expert panel of judges in order to win up to ￡100.000 each in grant funding and loans. The panel of judges, which was chaired by Lord Smith of Kelvin, chose fifteen businesses as winners on the day, including Dry Ice Scotland and Deepwater Oil Tools.