FS Fives: Tuesday, August 2

First up, we bring you news of a new tech shared working space opening up in Edinburgh. Codesk is a ‘co-working facility’ which will provide flexible office space for start-ups and small businesses.

Based in the city’s already well-known Techcube building, Codesk provides working space for up to 42 small firms with a dedicated workstation area, meeting room access, internet, IT and other essential support facilities.

The new venture is being run and financed by Hugh Caldwell, an entrepreneur who started his own IT business, Texaport, from within Techcube in 2012. While Techcube will continue to provide hot-desking for its clients, Codesk’s spacious, open-plan facility is specifically designed for co-working which enables small companies and entrepreneurial individuals to operate their businesses within a shared space where they can tap into the existing tech and start-up community currently operating in Techcube.

“Codesk offers a great working environment where individuals can operate their technology businesses within a community and share the experiences and expertise of other like-minded people,” says Caldwell. “The space is designed to be both professional and sociable so people can focus on work but also benefit from the support and inspiration they can offer one another.”

If successful, the business will roll out in Glasgow and other parts of the UK, based on the expectation that the market here will develop in line with the US, where freelancers and other solo workers are predicted to rise to 40 per cent of the workforce by 2o20, according to a co-working market report forecast in 2014 from deskmag.com

Irish firm gets Scottish cash

Irish firm Asystec is to establish a centre of excellence for big data services in Livingston thanks to a £150,000 grant from Scottish Enterprise.

The company will open a new facility at the Almondvale Business Park, which will create 20 jobs in the local area, after receiving regional selective assistance (RSA) funding.

The move is part of plans to grow revenue to £14m by 2018 and in line with the firm’s objectives to be close to key American partner, EMC Corporation, and the School of Informatics in Edinburgh, where it can take advantage from a growing talent pool developing in the East of Scotland.

The big data development and operational management centre, which is anticipated to open in early 2017, will be focused on storage and backup solutions, data governance and data management.

“This is an important project for us as it focuses on big data and providing one of our key customers with first-class facilities, management and solutions for one of its most valuable assets,” said Les Byrne, the firm’s managing director.

High growth pipeline focus on digital

Digital companies are also being given a shot in the arm, in terms of business and investment support, thanks to another Scottish Enterprise initiative, reports SBNN.

Its High Growth Start-Up programme is helping entrepreneurs like David Hunter, inventor and Managing Director of Shot Scope, a wearable golf game analytics tool, take products to market.

“Without Scottish Enterprise support we wouldn’t be in the position we are today, having designed, manufactured and now launched a brand new wearable technology which will help golfers the world over improve their games,” said Hunter.

“The support we’ve received has ranged from an initial SMART SCOTLAND grant to assistance with setting up a manufacturing facility in Scotland, guidance on business management, and an invitation to last year’s PGA Merchandise Show where we were able to introduce Shot Scope to various international markets.”

Gong for analytics firm

Edinburgh-based analytics firm Aquila Insights been awarded the ‘Transformation through Data’ prize at the DataIQ awards for its innovative work with Sony Mobile.

The company’s work led to Sony Mobile creating a true big data cloud-based solution that uses information from all strands of customer contact. The company created a consumer-level database that took in data from disparate parts of the organisation and allowed the data sets to be augmented with third party information.

“All organisations want to know what is happening with their customers, what is going to change and what they need to do to be successful in future. Sony Mobile is no exception. We were able to do this quickly and effectively, helping them to answer with accuracy that business question, what three things should I be doing today to improve business?” said firm co-founder Warwick Beresford-Jones.


And finally…One man stumbled over a corpse, another was mistook for a drug dealer. Yes, it’s just another collection of Pokémon-gone-wrong stories.