Scotland's Startup Ecosystem: Thriving in 2024

21,700 new companies registered in H1 2024, a 3.69% year-on-year increase.

78% of tech companies express a positive outlook for 2024

90% of tech companies expect sales growth in the coming year.

£953 million in equity investment for Scottish businesses in 2023.

The Scottish National Investment Bank has committed over £500 million across 31 businesses.

Strong investor confidence in Scotland's startup ecosystem.

8,860 technology companies represent 5% of all private sector businesses.

The tech sector employs over 80,000 people and contributes £6 billion to the economy.

Continued expansion and job creation are expected in the tech sector.

Life sciences, FinTech, and space technology are leading sectors with strong growth.

Emerging opportunities in critical technologies, AI, climate tech, and more.

Scotland is well-positioned for continued growth across a range of innovative sectors.