Scotland's Economy

Scottish Business Buzz (01.06.16)

Screen Shot 2016-06-01 at 09.13.37Heliex Power aims to drive second age of Scottish steam power with £4.2m funding 

A team of engineers have developed patented technology of harnassing the power of previously lost waste heat, “wet” steam, the type of vapour you see when a kettle boils.

The East Kilbride based company Heliex Power recently received £4.2m in funding to exploit the new untapped market worth billions worldwide.

Dan Wright MBE, founder of Heliex Power, said: “This the Holy Grail of energy recovery for manufacturers and it’s hugely environmentally friendly.

“The wet steam conundrum has been an enduring enigma in the industry for many years and we have 100% proven that our answer to it works, with massive cost and energy savings.”

The company’s turnover reached £3 million this year, representing exponential growth on the £900,000 booked in 2014. On the back of the funding deal, Heliex Power is aiming to double turnover next year to £6.5 million, and again to £13 million for the following 12 months.

Screen Shot 2016-06-01 at 09.18.37Scottish Enterprise hosts free events to encourage businesses to explore French opportunities

The events held on 7th June Inverness and 8th June Glasgow, will see attendees get market insight and practical advice from Enterprise Europe Network and GlobalScot, and learn how to enter and develop their business successfully in the market.

Trading relations between Scotland and France are already strong and well-established, and the event will hear from Scottish companies who are finding business success in France.

The event is open to any Scottish companies looking to do business in France, with key sector opportunities in Food and drink, textiles, technology, life sciences, chemical industries and energy.

More from Business Quarter.

Screen Shot 2016-06-01 at 09.25.21Innovative event building on the ScotlandCanDo agenda: The Educational Journey of An Entrepreneur

The innovative event, Educational Journey of An Entrepreneur, is the first of its kind aimed at universities, colleges, the entrepreneurial ecosystem, investors and, of course, entrepreneurs to be held tomorrow (Thursday 2nd June) at RBS Gogarburn, Edinburgh as a collaboration between Converge Challenge, Scottish Institute for Enterprise (SIE) and Young Enterprise Scotland (YES).

John Swinney, Deputy First Minister for Scotland and Cabinet Secretary for Education and Skills will give the keynote speech on the day.

The event aims to provide a response to the call from the Scottish Government to deliver a step change in entrepreneurial support within tertiary education.

The event is an opportunity to see the best projects developed by students, graduates and staff from the country’s universities and research institutes in action. It is all to “pitch” for as this year’s Converge Challenge has an increased total prize of £150,000.

There are still tickets remaining for the full day event.

Screen Shot 2016-06-01 at 09.30.59Merlin ERD wins second Queen’s Award for Enterprise

The UK’s highest accolade for business success comes to Perth based drilling engineering consultancy Merlin ERD for the second time in recognition of their outstanding performance in the International Trade sector.

Managing Director of Merlin ERD described the accolade as a testimony to “the efforts of our talented team and exemplifies our achievements as industry leaders in advanced drilling technologies on a global scale.”

Merlin ERD wins the Queen’s Award for International Trade having doubled their overseas turnover in the last three years. Personnel numbers have grown from 26 to 38 over the same period, further highlighting the company’s impressive growth, especially given the turbulence in the oil and gas industry.

The company has increased sales to its current markets from Norway to Australia, winning many difficult tenders in the process whilst new markets continue to be added to the Merlin portfolio – The Middle East and Brazil being the latest. The company have completed over 190 projects including major multi-well Extended Reach Drilling projects in 34 countries and over 90% of business came from repeat or client recommendation.

Screen Shot 2016-06-01 at 09.40.08Edinburgh Universities support low carbon startups and win Guardian Sustainable Business Award 

The Edinburgh Centre for Carbon Innovation (ECCI) is the 2016 winner in the collaboration category of the Guardian Sustainable Business Awards.

Set up in 2011, the Edinburgh Centre for Carbon Innovation (ECCI) was the brainchild of professor Martin Siegert, former head of Edinburgh University’s School of Geosciences, and Andy Kerr, the current executive director. The centre grew out of a desire to bring together Scotland’s vibrant community of cleantech experts and startups. The ECCI is the first project to bring together Edinburgh’s three main universities – University of Edinburgh, Heriot-Watt and Edinburgh Napier – in a joint enterprise.

As well as curbing carbon emissions, the ECCI is believed to have added millions to the Scottish economy, with a recent independent study putting the programme’s contribution at £20m. Participating SMEs help to save the equivalent of 41,000 tonnes of carbon dioxide emission every year.

A cornerstone of the centre’s work is its low-carbon innovation programme, which identifies and supports high potential entrepreneurs. Since 2011, it has engaged 1,400 small and medium sized enterprises (SMEs) – about 14% of which took part in the full programme. So far, about 200 new cleantech products and services have emerged.

More from ECCI.

Screen Shot 2016-06-01 at 09.55.50Glasgow Guild Spring Window of Viennese Secession fabrics

Furniture restorers, upholsters and designers based in the West End of Glasgow (101A West Graham Street) display their Spring window with fabrics from the archives of the 165 year old Backhausen textiles company that worked with Wiener Werkstatte designers such as Joesf Hoffman and Koloman Moser from 1895 onwards.

The fabrics from the company on display played a major founding part in the Wiener Werkstatte and helped within the interior decoration of the sanatorium in Purkersdorf and the Palasis Stoclet in Brussels. They are from 1902-1910 and have been reissued in Spring of 2016 from the extensive archives in Vienna.

All are welcome to the Glasgow Guild shop to see.

The Glasgow Guild also has Open Days to see the workshop coming up in September with four women at the top of their game in wallpaper, embroidery, stencilling and glass engraving speaking from Monday 12th-Sunday 17th September.

Enjoy the Glasgow Guild’s interactive illustration of their Spring window.

Business for Scotland – Prosperity for Scotland – Join us now

About the author

Rhona Middler

Rhona was Business for Scotland's Engagement Executive and Events Manager.

Leave a Comment