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The Go Further Investment Index was launched this month at a special event to connect the innovation and investment communities and celebrate the Northern Powerhouse and Scotland’s best and brightest businesses, showcasing their achievements through collaboration, investing and venturing.

The inaugural Go Further Investment Index campaign is a partnership between UMi, Global Corporate Venturing (GCV) and CPI, supported by headline sponsor FactorTech. 

The culmination of a nine-month campaign, the digital report highlights the strength and diversity of the businesses in the North and Scotland that are harnessing investment and partnerships to transform society through innovation and ground-breaking technologies. 

Businesses from all sectors were invited to apply, but the judges were particularly interested in encouraging nominations from businesses operating within bioscience, healthtech, clean energy, decarbonisation, circular economy, data and digitisation, space and satellite, tech, artificial intelligence (AI) and advanced manufacturing. 

Within each of the six categories, the judges have highlighted a business that exemplifies their sector to profile in more depth. These are: Modulus Oncology, Cyan, Power Roll Ltd, RareCan, Settld.Care, and NiTech.  

The publication also contains a wealth of insight, with exclusive profile interviews, roundtable discussion summaries and commentary on the investment landscape, as well as actionable resources and advice on innovation, collaboration and investment-readiness.  

The Go Further Forum, a virtual conference brought together innovators, investors, academia and policymakers, officially launched the index and featured high-profile speakers from business, innovation and venture funds, the index partners, sponsors and ambassadors. It was an opportunity to showcase investment hotspots and to celebrate, collaborate and network.  

Speakers from across the investment sphere took to the virtual stage to reflect on a remarkable year for UK investment. Discussions covered the impact the pandemic has had on investment and overall business growth but focused on the ‘investment boom’ that has occurred throughout 2021.

During a panel discussion moderated by Herriot-Watt University’s Head of Communications, Paul Devlin, venture capital experts explored what was needed for university spinouts to achieve investment success. In this session, Sarah Hardy, Director and Head of New Investments Archangels, gave insight on what investors look for in spinouts, saying: “Team is critical, we want to be satisfied there is a large address for market with global potential, and we want to see some barrier to entry. As investors, we want to identify exciting teams wherein we can drive value.”

James Matheson, PR and Comms Manager at Cyan, one of the innovative companies included in the Go Further Index, spoke during one of the panel sessions about the values of bringing investors into your business, and not just from a financial perspective. He said: “If you get the right investors, the expertise and support they bring adds so much to the business. We created an advisory board earlier this year, and the influence and advice we’ve received from that have been as crucial as capital in terms of scaling the business and expanding into new markets.”

Connectivity, sustainability and responsible investment were also topics discussed during Tuesday’s event. Speakers shared their insight and gave advice for those looking for capital to start and grow their own enterprises. The overarching theme of the Go Further Forum was the innovation, resilience and tenacity of businesses across the Northern Powerhouse and Scotland.

UMi’s Chief Executive, Nicki Clark, said: “The Northern Powerhouse and Scotland have a long and proud history of being at the forefront of innovation, attracting significant investment and forging fantastic collaborations to make the most of opportunities. 

“We have been so impressed with the quality of the entries and we are excited to continue supporting all the entrants as they capitalise on their opportunities and take their businesses further than they ever thought possible.”   

Hannah Wade, Chief Operating Officer of CPI Enterprises, said: “CPI Enterprises is delighted to support the inaugural Go Further Index, championing innovative companies in the Northern Powerhouse and Scotland. We are well aware of these innovative and exciting companies on our doorstep, some of which have collaborated with CPI to scale-up their products and processes, but we wanted to expand their visibility beyond the locations where they are based.  It’s fantastic that we have achieved exactly what we set out to do with the Go Further campaign.”    

James Mawson, CEO of Mawsonia, publisher of GCV, added: “This year marks the 250th anniversary of the world’s first mechanics’ institute in Herriot-Watt in Edinburgh and reflects the illustrious history of innovation in the UK. The Go Further Investment Index recognises this generation of stars and the forum brings them together with the global elite investors.”  

George Weir, Director of FactorTech, who was on the judging panel, added: “As headline sponsors, we have been very excited to see the outstanding quality of the entries that the index has attracted,” said “These are companies that are changing the world and hold so much promise for our future. It was a tough job to select the final entrants. We look forward to seeing them go from strength to strength as they collaborate further and continue their investment journey.”  

Key takeaways

  • The Go Further Investment Index celebrates investment and innovation from across Scotland and the Northern Powerhouse. 
  • This year Index was launched on 9 November during the Go Further Forum, which brought together experts from business, investment and academia to explore and celebrate the extraordinary ways businesses are doing more and going further.  
  • You can read the Go Further Investment Index here.  
Neina Sheldon
Article by Neina Sheldon
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