Impact for scaleups
Average growth in employment after 12 months
Jobs created in 2021
New products, services or markets since 2020
Raised in equity investment since 2020
Participants reported improvement in leadership skills
Since 2013 the Royal Academy of Engineering has operated an Enterprise Hub to inspire business-minded engineers based in the UK to pursue entrepreneurial endeavours and to transform bright ideas into bold and disruptive businesses that have an impact on society. In 2021 the Academy received a significant donation from the inaugural chair of the Enterprise Hub Ian Shott leading to a major revamping of its programme and allowing an expansion of follow-on support. This has included the SME Leaders Programme which has now been rebranded as the Shott Scale Up Accelerator to reflect its ongoing focus in supporting participants to scale up.
The Academy is now collecting robust data of its impact on the growth of participants’ businesses using a range of tools and sources alongside its own evaluation reports and as a result the ScaleUp Institute is pleased to promote the programme from One to Watch to Endorsed.
The Shott Scale Up Accelerator’s major focus is on helping engineering entrepreneurs to scale up by equipping them with the leadership skills needed to promote growth. Expanded training is now being offered built around the major challenges faced by scaling companies: People and Culture (Talent management), Good governance, Product development, Customer acquisition and marketing, Access to new markets and Securing growth capital.