Founders enrolled on a government-backed tech startup programme have raised a cumulative £257 million since launch in 2022, according to new figures.

TechScaler – the Scottish Government’s flagship entrepreneurial programme – has seen a steady growth trajectory with increasing funding amounts in consecutive years according to the programme’s annual review (see chart below).

New data showed there are now more than 1,500 companies and 2,090 members engaged in the programme, which offers
founders structured learning pathways, high‑quality mentorship and specialist insights of ‘Entrepreneurs in Residence’.

Yesterday, First Minister John Swinney was in Dundee to join the launch of a new Techscaler outlet at Water’s Edge, which will welcomed some of the city’s budding gaming companies among its first residents.

He said: “Techscaler was created to strengthen Scotland’s entrepreneurial environment by giving founders the skills, support and connections needed to build globally competitive companies.     

“I’m proud to be here in Dundee to launch Techscaler’s new home at Water’s Edge, which will be a vibrant hub for entrepreneurs in the city. I look forward to seeing the opportunities and the economic benefits the new hub brings to tech-focused companies across the region.”    

Jon Hope, Interim CEO, CodeBase said: “With this year’s annual report showcasing Techscaler’s growing national impact, we’re delighted to be collaborating with Water’s Edge to build on the strong foundations and exceptional work already underway in the region.

“Together, we’re doubling down on its world-leading strengths to fast-track high-growth businesses toward global success. From our Water’s Edge office, we’ll be proud to support cohorts of early-stage, growth, and scale-up companies, providing access to local and national expertise — including Entrepreneurs in Residence, experienced mentors, investor networks, and international connections.”

Chris van der Kuyl, CBE, Chairman, 4J Studios said: “The Techscaler Hub for the Tay Cities Region opening at Water’s Edge represents a significant commitment to Dundee and a recognition of its status as one of the country’s key centres for technology scale ups.

“Surrounded by some of our nation’s best companies and brightest talent and supported by a mature and dynamic ecosystem I believe the members of this programme will have a distinct advantage and an increased chance of success.”

Businesses selected for the first cohort at Waters Edge:  

  • Fish Tin Games 
  • Shouty Knot 
  • Umbra Dynamics 
  • Fochram Arts 
  • JBSB Studios 


Since 2022, Techscaler has developed into a mature, data-led system that adapts to founders’ needs. Delivered by CodeBase for the Scottish Government, it equips founders with the knowledge, mentorship, networks, and space to build globally competitive companies. The latest figures were revealed as part of the Techscaler annual review.