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Insider UK
Insider UK
Business
Peter A Walker

STAC partners Murphy Wealth to address funding gap for early stage tech start-ups

The Smart Things Accelerator Centre (STAC) has partnered with Murphy Wealth to address an increasing funding gap for Scottish early stage tech start-ups.

Paul Wilson, chief executive of Scotland’s first Internet of Things (IoT) accelerator, said: “From the outset, STAC has been strongly supported by the Scottish investment community, but we have to recognise that the successful evolution of Scotland’s angel syndicates, who are now investing more frequently in scale-up companies than seeding start-ups, means there is void in access to capital for early stage companies.

“So, we are working to plug the gap.

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