RBS CEO visits first eSpark hatchery

RBS CEO visits first eSpark hatchery

Royal Bank of Scotland CEO Ross McEwan’s recent visit to Entrepreneurial Spark gave him the chance to see one of the accelerator’s biggest funding successes to date as a start-up secured a $1 million (£644,000) investment.

RBS is a key partner of Entrepreneurial Spark.


During Ross McEwan’s visit to the Glasgow based Entrepreneurial Spark business accelerator hub, orthopaedic biotechnology company Taragenyx Ltd announced that it had successfully closed a new equity investment.

The ambitious start-up secured a second round of funding from existing investors Kelvin Capital, Lancaster Capital and the Scottish Investment Bank, the investment arm of Scottish Enterprise. The financing will be used to fund the company’s continued global customer expansion and for further investment in its proprietary self-healing implant technologies.

RBS is a key partner of Entrepreneurial Spark, the world’s largest free business accelerator.

RBS CEO Ross McEwan said:

“It is great to see Entrepreneurial Spark Chiclets doing so well and I am delighted that so much investment has been raised over the last few days. It is a real vote of confidence in Jim Duffy, his team and the entrepreneurs themselves. The Royal Bank of Scotland is determined to support entrepreneurs and, in partnership with Entrepreneurial Spark, we will continue to work hard to help grow the UK economy.”

Billy Campbell, Founder of Blind Spot Gear said:

"Pitching our business to Ross McEwan CEO of RBS, hearing his thoughts and insight was a great moment for Blind Spot Gear.

Mark Bradley, Founder of G69 Clothing commented:

“Meeting Ross McEwan is an opportunity which may never have presented itself if we weren’t involved with the Entrepreneurial Spark programme. For me, meeting him highlighted the mentorship, guidance, talent and contacts which we are surrounded by within the Glasgow Hatchery.”

For those who are keen to take their start-up further, applications for the Hatcheries are opening again on September 9th – to register your interest now click here.




Related articles

RBS CEO visits Scottish Homeless World Cup squads

Scotland’s squads are banking on success after RBS CEO Ross McEwan dropped in to watch them prepare for their attempts to win the Homeless World Cup.

A view from the hatchery: Part 4

In our latest blog from the EntrepreneurialSpark hatchery we hear the lessons the entrepreneurs are learning on their journey.

Latest news

Women and millennials help drive £17bn+ franchise sector to record levels

New research from NatWest and the British Franchise Association (bfa) highlights changes and profitability in the sector.

Winners announced for Skills & Opportunities Fund

52 winning organisations have been announced for round two of the 2018 Skills & Opportunities Fund.

RBS Multicultural Network meets Eric Holder, 82nd US Attorney General

Simon McNamara, RBS Chief Administrative Officer and Executive Sponsor of the RBS Multicultural Network, recently hosted an event in discussion with Eric Holder, the first black US Attorney General. They discussed career, ethnicity, diversity and even a little bit of politics. At the event, Eric Holder shared his wisdom and experience with attendees from the RBS Executive committee and RBS Multicultural Network. Simon McNamara blogs about his experience meeting Eric, a BAME role model, and why diversity is so important to RBS.

Set Tab for lightbox