A new centre focusing on finance technology, which has the support of both the Scottish and UK governments, will be opening in three months’ time within the Royal Bank of Scotland’s Entrepreneurial Spark base.
The opening comes a year after Entrepreneurial Spark – a startup and accelerator programme for enterprises – was launched in Gogarburn. The plan is for this new hub to offer the thriving UK finance tech industry a centre of excellence.
This sector provides the British economy with around £6bn, and the new hub will allow networks and sector leaders to get together, as well as giving them access to the business scaling and growth strategies developed by Entrepreneurial Spark. It represents a big step forward towards the Scottish government’s aim of making the country a leading innovation and finance tech force. Those opting to make use of it will be able to take advantage of the enablement programme pioneered by Entrepreneurial Spark, while also gaining access to the tech networks and expertise of the Royal Bank of Scotland.
Dell EMC and KPMG, who are partners in Entrepreneurial Spark, will also be offering guidance and skills. Nucleus chief executive and finance tech entrepreneur, David Ferguson, stated:
“It’s great to see larger companies engaging in fintech (financial technology) and supporting the growth of emerging businesses. Important lessons can be learnt on both sides and that should only be positive for everyone involved.”
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