Celebrating the successes of Scotland’s entrepreneurs

About EIE Alumni


 

The ever growing network of EIE alumni is a hugely valuable resource you can tap into as soon as you become part of the EIE programme. Made up of companies from across the Scottish technology scene at various levels of development it provides a wealth of talent and support, and potential business partners.

An annual dinner keeps the alumnus formally connected while smaller informal gatherings occur throughout the year amongst similarly matched companies.

We like to keep in touch with our Alumni to celebrate their successes and milestones, and present opportunities we become aware of that will be of benefit to them.

EIE alumni have so far enjoyed being put forward for places to the MIT entrepreneurial development programme and been sponsored by Informatics Ventures to attend Cambridge IGNITE and the University of Strathclyde’s Growth Advantage Programme (GAP).

Once you’re part of the EIE Alumni we will still be supporting you from the sidelines.

About EIE Alumni

Wendy McDougall, CEO

Firefish Software

Show interview Hide interview

Describe your business in 140 characters:

Firefish is a predictive recruitment sales & marketing platform that helps recruitment agencies attract, engage and place more candidates.

What were your motivations for applying for EIE?

To raise investment, pitch to the world and present an awesome Tech company coming out of Scotland!

What do you feel you gained from the experience of being part of EIE?

Learnt heaps, focussed our key messages gained confidence in front of investors and met some great people along the way.

What progress have you made since EIE?

Raised just under £500k of SEED finance, tripled in size, operating now in over 21 different countries and moved in to our new Aquarium offices.

If you could go back to that start of your EIE journey, what advice would you give yourself?

Ensure all your financial information and investor due diligence pack is ready to go so you can follow up effectively with interested parties.

What’s next for your company in 2015/16?

Further expansion and growth so we can ensure that firefish is achieving it’s mission of inspiring the next generation of recruiters throughout the world.

About EIE Alumni

Kanika Bansal, Director

Medicen Devise Limited

Show interview Hide interview

Describe your business in 140 characters:

We are developing a product, Steriderm, that can prevent catheter associated infections in hospitals.

What were your motivations for applying for EIE?

To meet investors and raise the profile of the company.

What do you feel you gained from the experience of being part of EIE?

EIE is a wonderful platform to meet various investors and network with people from different walks of life. Its a learning interactive energetic environment.

What progress have you made since EIE?

Manufacturing the working prototype.

Got a UK Patent granted.

Won EDGE award

If you could go back to that start of your EIE journey, what advice would you give yourself?

Network more and more and be proactive

What’s next for your company in 2015/16?

Conducting trials with NHS

Testing the manufactured prototype

Raising more funding

About EIE Alumni

Gillian Brown, CEO

Alfacyte Ltd

Show interview Hide interview

Describe your business in 140 characters:

Alfcafyte is developing an oral vaccine for peanut allergy.

What were your motivations for applying for EIE?

Alfacyte was seeking funding to develop and test a new hybrid molecule. In the very early stages it is difficult to secure funding for pharma development and we felt EIE would give us an opportunity to present ourselves to a broad audience.

What do you feel you gained from the experience of being part of EIE?

EIE provides excellent training to help you perfect your pitch and develop confidence in your message.

During the process we developed relationships with many individuals that we expect to be useful as we move forward.

What progress have you made since EIE?

Alfacyte has completed a funding round that will enable us to prove the principle of our solution and create the foundations for a new and effective therapeutic for an unmet clinical need.

If you could go back to that start of your EIE journey, what advice would you give yourself?

Preparation is everything!

What’s next for your company in 2015/16?

In the next year we will be able to determine the therapeutic validity of our solution. If the outcome is positive then we have the foundations to go out and raise the considerable sum needed to develop a new vaccine that will help millions of people to lead a normal life.

About EIE Alumni

David Hunter, Founder & CEO

Shot Scope

Show interview Hide interview

Describe your business in 140 characters:

Shot Scope is a smart wearable product that allows golfers to automatically collect performance data with interrupting their game.

What were your motivations for applying for EIE?

Shot Scope planned to raise an investment summer of 2015. EIE15 provided the perfect platform to meet and pitch to investors.

What do you feel you gained from the experience of being part of EIE?

The training throughout the application process provided the knowledge and skills to talk to pitch and talk to investors on the day. This training will help the team drive the business forward in the future long after EIE15.

What progress have you made since EIE?

Since EIE15 we have raised an investment and double the number of people in the team. At EIE15 we met an angel investor that invested during our seed round.

If you could go back to that start of your EIE journey, what advice would you give yourself?

The training is exceptional! Commit 100% to the training, it will improve your knowledge of investment, pitching and networking. The process is long but well worth the effort!

What’s next for your company in 2015/16?

Shot Scope is in the final development stages. We have setup manufacturing in Scotland and plan to launch in the UK and USA early 2016.

About EIE Alumni

Christopher McCann, Founder & CEO

snap40

Show interview Hide interview

Describe your business in 140 characters:

We prevent avoidable deteriorations in health using continuous wearable device monitoring and predictive big data analytics.

What were your motivations for applying for EIE?

To increase our profile in Scotland and in the UK, to expose ourselves to UK, European and US investors and to keep validating and refining our proposition through feedback and discussion.

What do you feel you gained from the experience of being part of EIE?

It significantly increased our exposure, profile and credibility. It also directly led onto a number of important investment connections as well as connections with healthcare staff who were incidentally attending. On a personal level, it was a great experience that I thoroughly enjoyed.

What progress have you made since EIE?

We have completed a family & friends investment round and are close to closing a large seed investment round. We have agreement from an NHS partner to undertake our clinical trials and have grown to a team of 4. Our software platform is now in alpha testing and our wearable device is on course to be completed shortly.

If you could go back to that start of your EIE journey, what advice would you give yourself?

Be confident and put yourself out there at every opportunity. You get out of EIE, what you put into it.

What’s next for your company in 2015/16?

Complete our seed investment round, complete development of our product and get through our healthy volunteer and clinical trials. Keep building our team with great people who can achieve our vision and, most importantly, start selling.

About EIE Alumni

Lysimachos Zografos, CEO

Parkure Ltd

Show interview Hide interview

Describe your business in 140 characters:

Parkure has the sole mission of finding a cure for Parkinson’s disease.

What were your motivations for applying for EIE?

We needed an event that not only provides a diverse audience but also highlights us belonging to the excellent Scottish startup ecosystem and EIE was the ideal event.

What do you feel you gained from the experience of being part of EIE?

Good training and experience along with an extended list of key contacts.

What progress have you made since EIE?

Internal R&D and pipeline progress. We are now ready to look for funding to take the company forward.

If you could go back to that start of your EIE journey, what advice would you give yourself?

It’s worth it.

What’s next for your company in 2015/16?

Raise funding for a full scale screen and take at least one candidate drug forward.

About EIE Alumni

Ross McLean, CEO

Cosneta Ltd

Show interview Hide interview

Describe your business in 140 characters:

Cosneta provide the simplest & easiest way for groups to share & work together. Our software creates digital workspace from mobile devices.

What were your motivations for applying for EIE?

To connect with investors, expand the company network and increase the profile of Cosneta.

What do you feel you gained from the experience of being part of EIE?

EIE is very targeted and we were able to get front of mind with a number of investors, connections and resource that can produce significant value to the company.

What progress have you made since EIE?

Met with three Investors prepared to invest. Developed two relationships with companies that will be of benefit to Cosneta and provided our software to several companies who provided brilliant advice and feedback to improve our product.

If you could go back to that start of your EIE journey, what advice would you give yourself?

Do your research on those attending weeks or months in advance and target them before the day.

What’s next for your company in 2015/16?

Launch, money, investment

Cally Russell, CEO

Mallzee

Show interview Hide interview

Describe your business in 140 characters:

Mallzee is the ultimate personal shopping app. We help users find fantastic clothes from over 150 retailers from around the world.

What were your motivations for applying for EIE?

We’ve taken part in EIE 3 times now and each year we’ve been looking for something diffirent. At the start it was market validation, the second year it was all about our seed round and this year we were raising our seires A investment.

What do you feel you gained from the experience of being part of EIE?

Being part of EIE has allowed us to meet a wide of range investors, network with other fantastic companies and gain fantastic exposure.

What progress have you made since EIE?

Since our first appearance at EIE we’ve now raised over $5m and have now grown to nearly 20 staff. We’ve won a range of awards from companies such as Yahoo and now have hundreds of thousands of users all over the world.

If you could go back to that start of your EIE journey, what advice would you give yourself?

Do your research – know who is attending and what they invest in.

What’s next for your company in 2015/16?

We’re growing rapidly, launching new products for retailers to understand their customers better and looking to hire a lot more staff.

Blog


Sign-up to receive occasional updates from Informatics Ventures

site: sevenfivecreative