A firm that wants to develop an inflatable waterwheel and an e-bike manufacturer are among the innovative start-ups that will be part of an inaugural Michelin Scotland Innovation Parc (MSIP) programme.
Eight start-ups from across Scotland will be the first to benefit from a business accelerator programme at MSIP to help develop their concepts and grow their business.
The four-month programme, which starts on October 19, will be run by Elevator, which also conducts accelerator courses at the University of Dundee’s Centre for Entrepreneurship.
The new course is specifically for companies and individuals who have developed products, prototypes or investor ready solutions focused on sustainable mobility, clean transport and low carbon energy.
The companies can apply for a grant of a maximum of £10,000 through a funding support package managed by Scottish Enterprise.
Greig Coull, chief executive of Michelin Scotland Innovation Parc, said: “I’m excited to see such a great variety of participants for our first sustainable mobility and low carbon energy accelerator.
“Each of the companies selected is incredibly relevant, exploring new technology and innovative solutions in key areas that are critical towards a greener future.
“This accelerator programme will complement all of the other activity we have at MSIP.
“I anticipate a strong and positive future between MSIP and the companies taking part, both during the programme and after its completion.
“Our goal is to create jobs, grow the economy and help Scotland to achieve its net-zero ambitions. This accelerator will contribute towards the delivery of all three.”
Companies selected include SolarisKit, who have developed a device which can effectively convert sunlight into hot water at temperatures of up to 50 degrees Celsius; gearbox specialist Intra Drive; e-bike firm Frisco Projects and battery specialist Genista Energy.
Participant Power to Go Hydro has developed an inflatable waterwheel to generate renewable energy for the world’s future transport, domestic and light industry needs.
Meanwhile Power Circle’s local energy systems which generate, store and trade energy; LIND has developed domestic heating technology and Scene Connect Ltd has a platform to help use energy more efficiently.
Bob Andrew, Elevator’s MSIP accelerator manager, said: “We are confident we will deliver huge benefits to sustainable mobility and low carbon energy companies that are ready to scale and grow.”