03 ANNUAL REVIEW 15 - 16 CONTENTS WELCOME FROM SIR TIMOTHY O’SHEA, CHAIRMAN 04 WELCOME FROM FIONA GODSMAN, CEO 05 HIGHLIGHTS OF THE YEAR 06 CASE STUDY 07 ENTERPRISE COMPETITIONS 8/9 I’M AN INNOVATOR 10 CASE STUDY 11 INNOVATION AND ENTERPRISE PROGRAMME 12/13 BUSINESS AND INNOVATION SUPPORT 14 STUDENT INTERN PROGRAMME 15 STUDENT ENTERPRISE SUMMIT 16 CASE STUDY 17 SIE IN 2015-16 18/19 MEET THE SIE TEAM 20/21 THE BOARD 22 SCOTTISH INSTITUTE FOR ENTERPRISE WELCOME PROFESSOR SIR TIMOTHY O’SHEA Chairman I am delighted to introduce our Annual This year has seen increased student engagement, more entries to our enterprise competitions, more take-up of Review for 2015-16, which has been one our education programme in universities and colleges and, of the most successful years in the history crucially, more successes for SIE alumni. Indeed, this year student entrepreneurs who have had support from SIE have of the Scottish Institute for Enterprise. gone on to secure over £2.2million in other competition prizes and investment, an incredible achievement. Our vision is for all Scotland’s students to develop into innovative, entrepreneurial graduates best equipped to drive the country’s prosperity, and that fi gure is a powerful endorsement of our activities. What is also a continuing trend is that we are seeing many more young entrepreneurs using enterprise to improve local communities and tackle social issues. But let us not rest on our laurels. There remains a lot of work to be done in Scotland to unlock the entrepreneurial potential of our students, and SIE is well positioned to drive this forward. 04/05 ANNUAL REVIEW 15 - 16 FIONA GODSMAN Chief Executive ‘SIE provides support right from the start of a student’s entrepreneurial journey, helping to transform students into innovative, entrepreneurial graduates.’ Since 2000, SIE has been helping to Tying in with the 2016 Year of Innovation, Architecture and Design, our ‘I’m an Innovator’ competition shape the entrepreneurial ecosystem specifi cally sought ideas that would have social impact. in Scotland, putting in place the The competition was judged by SIE alumni who were themselves social entrepreneurs. foundations of what has become a On campus, our national team of student interns reached thriving and exciting environment for an impressive 20,000 students with their activities and young entrepreneurs. continue to support enterprise engagement at their institutions. Our Innovation and Enterprise team also ran a record We’re very proud of the role we have played and continue to number of workshops within colleges and universities, play in the development of this space. supporting educators, encouraging enterprising mindsets and teaching valuable enterprise and innovation skills to Over the last year we have worked to develop our strong over 6000 students. relationships with institutions and others in the Scotland CAN DO support network. Positioned clearly at the start of a student’s entrepreneurial journey, we continue to help transform students into This culminated in June with our ‘Educational Journey of innovative, entrepreneurial graduates. Every year, SIE an Entrepreneur’ event, which we ran with Young Enterprise Alumni make waves in the business world, making Scotland and Converge. The event was hosted by Mark Easton headlines with their own ventures or turning heads as from the BBC and featured John Swinney MSP as our keynote exceptional talented graduates. speaker. It set out how we plan to work together to provide a seamless support service, and we will continue to seek ways We’re grateful for the continued support from educators, in which we can streamline and improve the entrepreneurial the CANDO community in Scotland and especially the experience for students Scottish Funding Council and Scottish Enterprise for their support in achieving our vision. Overall this has been another very successful year for SIE. Thank you! Our competitions continue to attract fantastic ideas from students all over Scotland with a record 1122 entries received in 2015-16. We also received more entries from college students than ever before. All of our competition entrants can receive help and support from our dedicated business advisors to develop their idea and take it further. SCOTTISH INSTITUTE FOR ENTERPRISE HIGHLIGHTS OF THE YEAR Throughout the year, SIE has provided students with many and varied opportunities to become more innovative and to recognise how they can use their skills and knowledge to make a positive contribution to Scotland’s economy. We are very proud of what we have achieved, in partnership with Scotland’s universities, colleges and our country’s entrepreneurial ecosystem. This review is a chance to go beyond the impressive metrics and put our pan-Scotland activities more fully into context, with contributions from each area of SIE. It features some of the highlights from our activities in the 2015-16 academic year, as well as some specifi c examples of the amazing young people SIE works with every day. 06/07 ANNUAL REVIEW 15 - 16 SIE ENTREPRENEURS CASE STUDY Gabriela Matic, Patrick Renner, Rogelio Arellano and Susanne Mitschke Founders | MindMate www.mindmate-app.com MindMate are a team of four graduates “The top benefi t of being an entrepreneur is that you do so much more than what you would do in a corporate fi eld. from The University of Glasgow and Here, we do everything, you wouldn’t get this in a more The University of Strathclyde. corporate environment.” The team initially sought advice from The University of The MindMate platform consists of three different apps; Glasgow’s Enterprise Manager, Marion Anderson who one for individuals living with dementia, one for family introduced the team to SIE’s Business Innovation Advisor, members and one specifi cally designed for residential Jonathan Tait. He encouraged the team to enter the care. MindMate is already making a big difference in the Young Innovator’s Challenge in 2015, which they went on life of thousands of people worldwide and is now the the win. The £5,000 prize money allowed the team to kick fastest growing assistance platform for people affected off MindMate. To date, MindMate has been supported by by dementia. Gabriela, Patrick, Rogelio and Susanne work SIE, Converge Challenge, Entrepreneurial Scotland and on their business full time and met SIE in 2015. Ignite, one of the UK’s top accelerator programmes. Patrick Renner, Gabriela Matic and Susanne Mitschke Currently, MindMate is the fastest growing assistance studied together at University in Vienna and then at platform for those affected by dementia, with over Masters Level at the University of Glasgow. Patrick met 25,000 users, and working in partnership with healthcare Rogelio Arellano during the 2015 Enterprise Pathway providers, including the NHS. The next step for Susanne, Challenge at the University of Strathclyde. Strathclyde Patrick, Gabriela and Rogelio is to conquer the US student, Rogelio was a source of inspiration to the team, market. The MindMate story is a great example of young having spent many years caring for his grandfather who entrepreneurs using e-health technology to tackle a suffered from Alzheimer’s disease. During this time, growing challenge facing the UK’s increasing ageing Rogelio and his family used various methods to assist population with help from SIE. in the caring process; however none offered an effective solution to patient self-management or carer support. SCOTTISH INSTITUTE FOR ENTERPRISE ENTERPRISE COMPETITIONS SIE’s national enterprise competitions continue to attract a high calibre of entries from students across Scotland. In 2015-16, SIE competitions received a record 1122 entries from individual students and teams taking the fi rst steps on the path to entrepreneurship. Each of SIE’s competitions is targeted at ideas a different Thanks to our 2015-16 Competition judges stage of development. The fi rst, Get Enterprising, encourages students to consider any idea that tackles a challenge that FRESH IDEAS COMPETITION they might be facing in day to day life. It is judged by the local interns selecting a winner on their own campus and is a Geoff Leask (Young Enterprise Scotland) great way of getting students thinking about enterprise early Mike McPherson (Merks & Clerk) in the academic year. Richard Davison (JCCA) Graeme Cleland (BIG Partnership) Fresh Ideas is for students with more developed ideas still at an early stage and with a very established and supportive competition process is widely recognised as THE national NEW VENTURES COMPETITION student competition for students at this stage. Carolyn Bird (Bank of Scotland) Our most advanced competition, New Ventures, is designed Alan Feighery (Enterprise Campus) for students and graduates with signifi cantly developed ideas Ailsa McDermid (Scottish Enterprise) or businesses that have already launched within the last Jo Nisbet (Harper MacLeod LLP) two years. The monthly winners and highly commended entries from Fresh Ideas joined the shortlisted entrants from New Ventures RECORD GET at Exploration Weekend in Edinburgh University’s John BREAKING ENTERPRISING McIntyre Conference Centre. This was an opportunity to work NUMBER OF intensively on their ideas, challenge assumptions and prepare ENTRIES FOR +59% for the next stage of the competitions with the help of SIE 2015-16: advisors and Mel Sherwood from Grow Your Potential. FRESH IDEAS Following Exploration Day a fi nal shortlist of entrants for each competition pitched to a panel of judges at the Melting Pot 1122 +14% in Edinburgh with the fi nal winners announced at the SIE Student Enterprise Summit in March. We would like to thank NEW VENTURES all of our competition judges for taking part in what was a +14% very diffi cult selection process! Winning an SIE competition FROM 2014-15 +27% is, for many, just the beginning and we continue to work with them as they develop their ideas.