20 Start-ups join STAC Scale’s fourth cohort

STAC has launched its fourth cohort, with 20 companies joining, and 50 companies now in place.

STAC has launched its fourth cohort, with 20 companies joining Scotland’s first smart things and IoT accelerator, and 50 companies now in place.

The 20 new companies joining STAC are: Zephyrus Labs, Orchy, BennuAI, Hycean, FocaliseAI, Konpanion, DeepSym, Audio Mitto, Lu Innovations, Mix Innovations, MyFarm, Dr Little, Kyobit, UFarms, RFiot, Vuabl, Atypical Cosmetics, Curios Chip, Thistle Rocketry, and Lowtek.

Paul Wilson, CEO, and co-founder of STAC, said: “STAC had evolved rapidly into what we describe as a full wrap-around accelerator, around four main pillars – space, investment, talent acquisition, and mentorship.”

“What’s also notable”, continued Wilson, “is that with 50 companies now at STAC, sector clusters are emerging, for example in sustainability, drones, health and wellbeing, and creative tech.”

There are 6 female founders in the new cohort, with Paul Wilson adding: “We are seeing more female founders join STAC, ideally we can up the percentage over time, inclusivity and diversity are important for us and we certainly want to be aligned with the Stewart Report where possible.”

STAC Jobs and STAC Invest were both successfully launched in December and January. STAC Jobs, set up to attract and retain Scotland’s top product design and engineering talent, with Sonos, Plexus, Pivot, IOpt, and Krucial joining the platform. STAC Invest, which enables investment firms to engage and potentially invest with STAC companies, will be announcing a raft of angel and VC sign-ups later in the year.

Also, Paul Winstanley, the CEO of CENSIS, Scotland’s innovation centre for sensing, imaging, and IoT technologies, has been appointed as STAC’s Chair. Winstanley had already been part of a STAC advisory board that includes Volvo Cars CEO Jim Rowan, Meta’s VP of Supply Chain Sean Murphy, and Scottish EDGE CEO Evelyn McDonald.

In January, STAC announced a partnership between the UK Government and Glasgow City Council, including significant government investment, aimed at transforming Glasgow into Europe’s largest smart things and IoT innovation hub. The partnership centres a £2.5 million private and public sector investment into a 250-desk state-of-the-art facility named “thebeyond” at SkyPark, Finnieston in Glasgow.

Paul Winstanley, Chair, STAC, said: “thebeyond is an incredible addition to Scotland’s tech ecosystem, and STAC has a number of further announcements this year which will ramp up Scotland’s overall tech offering and take it to the next level, focused on academic, industry, and government related partnerships and initiatives, and transforming Scotland into a bona fide global tech hub.”

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