Fiona Houston, founder and CEO of Mara Seaweed, is excited about the direction her company is taking – all thanks to her RBS business banking relationship manager who directed her to Scottish Edge where she was a winner of £50,000 in funding.
Scottish Edge is a funding competition set up to identify the country’s top young, early-stage and high-growth entrepreneurs. Backed by serial entrepreneur Sir Tom Hunter, RBS and the Scottish Government, its aim is to support businesses with investment from the private sector.
The £50,000 has enabled Mara Seaweed to push ahead with ambitious expansion plans to export its healthy alternative to salt to customers in Europe, Asia and North America. Half of the award was prize money, and half is a loan, paid back to Scottish Edge to help fellow entrepreneurs on their pathway to success. The award also acted as a springboard, helping the company raise more than half a million pounds via online crowd funders Crowd Cube and Angel Investors.
Watch Fiona talk about her vision for her business and the support she got from RBS.
A network of Scottish entrepreneurs
Scottish Edge winners benefit from mentoring and support from an established entrepreneur and access to a range of assistance from its public sector partners. Fiona’s also been enrolled into Scottish Edge’s Alumni programme, where she can share her experiences, challenges and achievements with more than 90 other award-winners, and become part of the movement to build an entrepreneurial Scotland.
Our commitment to UK start-ups
Helping aspiring entrepreneurs, start-ups and high-growth businesses achieve their goals is vital but also helps create jobs and support economic growth across the country. That’s why our businesses have recently joined forces on the bank’s entrepreneur strategy to support UK business and communities.