The 11 Scottish ‘Ones to Watch’ tech start-ups spanning life sciences, deeptech and sustainability
“The latest Ones to Watch show that Scotland’s start-ups are finding strong footholds in life sciences, deeptech and sustainability” – James Trotman, CodeBase
A Scottish government-backed programme for scaling technology start-ups has named 11 “Ones to Watch” across a number of key growth sectors.
The promising Scottish tech ventures are behind innovations in the fields of healthcare, artificial intelligence (AI), space technology and sustainability.
Techscaler is the Scottish government’s programme for creating, developing and scaling tech start-ups and is delivered by Edinburgh-based CodeBase. The fourth edition of its Ones to Watch report series highlights high-potential companies and tracks the commercial progress of businesses featured earlier in the year.
The latest start-ups have been selected by CodeBase’s entrepreneurs in residence, experienced founders and business leaders who work directly with companies across the Techscaler ecosystem, providing guidance on investment, commercialisation and scaling.
Of the 11 named businesses, three operate within the life sciences arena. Aelo is developing wearable neurotechnology to monitor brain activity and cognitive performance in real time, Tile.Bio is using AI to transform digital pathology, with applications in the likes of cancer diagnosis, and the third firm, Neurobite, is behind an implantable medical device to temporarily monitor and treat neurological conditions, including epilepsy and post-stroke recovery.
Five “deeptech” businesses feature in the Ones to Watch report. Fyvie is developing energy-efficient AI models that run directly on devices and robotics without relying on cloud computing, LumiAires is developing light-based processors designed to reduce computing energy consumption and cooling requirements, and Neowatt is creating wireless power technology to enable satellites to operate continuously in orbit.
The other two deeptech ventures are Northchip, which is working on navigation technology using the Earth’s magnetic field to determine location without GPS, and Catalyst Neuromorphic, which is developing low-power computer chips that enable battery-powered sensors to run AI continuously.
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Three Scottish sustainability start-ups complete the line-up. GreenFlip is using AI-powered digital models to improve home energy efficiency and support retrofit investment decisions, Mycovolt Technologies is developing sensors that detect crop stress through electrical signals in plants, and Regeno is developing affordable modular wind turbines.
James Trotman, vice-president of growth at CodeBase, said: “The latest Ones to Watch show that Scotland’s start-ups are finding strong footholds in life sciences, deeptech and sustainability, building their commercial propositions, while winning customers, and raising investment rounds to help power their growth strategies.”
Other previously featured companies have reported new commercial customers, paid pilot projects and international partnerships, with activity spanning the US, the Middle East, India and Australia.
The Ones to Watch series is curated by CodeBase and its entrepreneurs in residence to increase the visibility of emerging Scottish technology businesses among investors, commercial partners and the wider start-up ecosystem.
Last month, it emerged that Techscaler was funding Scottish company founders to attend the Blue Earth Summit in London and the InvestHer Summit in Paris - two major investor missions. Both events were set to provide company founders with the opportunity to raise their international profile, build investor relationships and accelerate international growth.
In 2024, the CodeBase tech incubator teamed up with The Open University to boost learning opportunities and accelerate start-up and entrepreneurial activity north of the Border.
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