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Scotland\u2019s industry-led technology accelerator STAC has completed its second investment round, backing three companies whose technologies sit at the heart of national priorities. <\/p>\n
The \u00a3772,000 round, co-invested by the STAC Invest syndicate will support quantum computing company Quantcore Technologies, housing inspection firm Vuabl and autonomous drone business Airspection. <\/p>\n
All three have completed STAC\u2019s intensive 18-month accelerator programme with Vuabl and Airspection establishing their first HQ\u2019s at thebeyond, STAC\u2019s 22,000 sq ft technology hub at Skypark in Glasgow.<\/p>\n
The announcement marks a further step in STAC\u2019s progress to become UK\u2019s most active deep tech investor, making more ten investments a year into their accelerator participants. <\/p>\n
Paul Wilson, CEO and co-founder of STAC, said: \u201cThese three companies show exactly what STAC is for. One is helping redefine the future of computing. One is giving people in social housing the right to a healthy, sustainable home. One is making Scotland\u2019s clean energy infrastructure safer and more efficient. <\/p>\n
\u2018Each is a strong story in its own right. Together, they demonstrate the breadth and ambition of what is being built here in Glasgow.<\/p>\n
\u2018Local and global impact at scale. STAC is rapidly advancing our mission towards a global centre of technology excellence from Glasgow.\u201d<\/p>\n
Angus Macfadyen, head of investment at STAC, said: \u201cWe have now begun fundraising for our first institutional fund, targeting between \u00a315 million and \u00a330m. <\/p>\n
\u201cThat will allow us to invest at greater scale and move faster because the pipeline of companies coming through STAC\u2019s accelerator programme fully justifies it.\u201d<\/p>\n
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