Writing for a national newspaper op-ed last week, Professor Mark Logan wrote that Scotland’s tech startup sector is perhaps in its “most vibrant state in living memory”. “There’s a greater buzz, confidence and ambition”, continued Logan, and “outside the country, others are looking at Scotland anew”.
The numbers back Professor Logan up. 2025 began at record pace, with research indicating that more than £100 million was invested into Scottish startups in the first quarter alone. Analysis from Beauhurst reveals that Scotland now accounts for around 12 per cent of all UK investment by number of deals, up from 9 per cent two years ago. And in Q2, we saw a 15 per cent rise in tech company formation, as more founders choose Scotland for its talent, access, and the growing sense of momentum.
Tracking this momentum will be much easier now through a new open access platform of information on startups and scaleups in Scotland, developed through a partnership between the University of Edinburgh, Scottish Government, Techcaler and Dealroom - a global provider of data and intelligence on startups and tech ecosystems. The Scottish Ecosystem Platform, launched last week, includes founding round tracking, investor profiles, and market trends.
Three years ago, I made a move that surprised a few people - leaving Barclays after 18 years to join CodeBase. During my time at the bank, I had the privilege of co-founding and leading Eagle Labs, the network of startup incubators that grew from zero to more than 35 locations across the UK. It was a rare opportunity to build something new, from the ground up.
When I decided to move on, it was because I wanted to do that again - to build something meaningful that could help shape the next generation of entrepreneurs. I’d worked with CodeBase before, from the buy-side, and realised they were the best in the UK at what they do. And I was drawn to their vision for Scotland and Techscaler.
Turning vision into infrastructure
Three years on, Techscaler has evolved into something much larger than a programme. Techscaler was designed to create real, tangible infrastructure to support the Scottish tech ecosystem - but the deeper ambition has always been cultural.
It’s about encouraging more people to take the leap and start businesses. It’s about giving founders the confidence to believe they can compete on the world stage. And it’s about strengthening Scotland’s connectedness to the global technology community.
Since launch, we’ve partnered with more than 60 organisations to support over 1,300 startups. We’ve delivered 700 expert mentoring sessions to 400 founders, helped over 800 early-stage businesses get off the ground, and supported 250 growth and scale-up companies. We’ve taken 60 businesses to San Francisco, Japan, Singapore and China — helping them build connections and open doors.
Collectively, our members have raised £195 million since Techscaler began. We don’t take credit for that success - nor should any programme. Founders are the ones who put everything on the line. Their success belongs to them. But what we can do is work with others to create the right environment for ambition to flourish.
The scrutiny that comes with success
Of course, success brings attention - and not always the easy kind.
Any government-funded initiative will inevitably attract scrutiny, and Techscaler is no exception. Some of that comes from politics, some from those who feel displaced by change. That scrutiny can be frustrating, but it’s also part of the cost of doing meaningful work in the public sphere.
At CodeBase, our focus remains on progress. We’ve learned that the real work lies not in defending what’s been built, but in continually improving it - iterating, refining, and collaborating across Scotland’s diverse ecosystem.
Progress brings growing pains, but it also brings momentum. And momentum is something worth protecting.
Putting Scotland on the global map
Looking ahead, our international focus will continue. For startups, access to global capital, customers and talent isn’t a luxury - it’s a necessity. If we want Scotland’s entrepreneurs to succeed, they need a seat at the global table.
That means being present in the world’s leading tech hubs - building relationships, forging partnerships, and putting Scotland firmly on the map.
Some question whether that travel is the right use of public funding. But the truth is, if Scotland wants to compete globally, we can’t afford to look inward. Our horizons must stretch far beyond our borders.
A homegrown exchange of ideas
Closer to home, November brings the second Ecosystem Exchange, hosted at the Edinburgh Futures Institute in partnership with Techscaler, Barclays, University of Edinburgh and others.
Last year’s inaugural event brought together 180 investors, universities, policymakers and ecosystem builders from across the UK for a day of discussion and collaboration. This year, we’re doubling down: over 220 delegates, two days, and international speakers from Canada, San Francisco, Australia and Finland.
The focus this year is clear: is the UK tech ecosystem "future fit" and how technology, particularly AI, can drive economic reinvention. In an era where innovation moves faster than regulation, investment cycles, or institutional thinking, can the UK become relevant players - or even leaders - in this new wave of tech-led growth?
It’s fitting that this conversation is happening in Edinburgh. Scotland’s tech ecosystem has matured rapidly in recent years, and the international attention we’re attracting is both a reflection and a reward of that progress.
The road ahead
Three years in, Techscaler’s story is only just beginning. The numbers are encouraging, but the real value lies in what’s harder to measure - the growing sense of confidence, connection and collaboration that’s now shaping Scotland’s tech landscape. For this, there will be a long tail. The good news is that the head of this tail is getting wider, that means more people are getting more confident, more ambitious and are achieving more at a rate faster than we have seen before.
At CodeBase, we believe Scotland has every reason to be ambitious. The foundations are strong. The talent is here. The appetite is growing.
Our task now is to keep building - not just infrastructure, but belief. Because Scotland’s future in tech won’t be defined by programmes or politics. It will be defined by people: founders, investors, educators and dreamers who believe that from this small country, we can make a global impact.
A mindset trained on building is so important. If we are not building we are stagnant, or worse: tearing each other down in zero sum games.
The truth is, building ambitious companies builds belief - and building belief builds success.
And right now, that belief feels stronger than ever.