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16 July 2008

Connect Scotland ceases trading

THE Scottish networking firm that ran Dragons' Den-style events for technology entrepreneurs has been forced to close after struggling with mounting debts.

In what will be seen as a significant blow to the Scottish technology sector, Connect Scotland has ceased trading and has had to lay off all seven staff.

read the full article.

Ironic that the company set up to assist Scots companies find finance has itself run out of money. If the people running Connect, some of the leading lights of Scottish IT can't find money for that venture, it certainly doesn't bode well for budding entrepreneurs trying to find startup cash.

However, down south the Angels Den continues to do well.

Something like that is certainly needed in Scotland.

Craig
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