Jim Rowan Appointed Chair of Smart Things Accelerator Centre as £15 Million Fund Launches for Scottish Startups
Jim Rowan, former CEO of Volvo Cars and Dyson, has been appointed chair of Scotland's Smart Things Accelerator Centre (Stac) as it launches a £15 million fund aimed at scaling local technology startups in sectors like robotics and AI. Since its founding in 2021, Stac has supported 120 startups, facilitated £50 million in investment, and created 400 jobs, while fostering connections among academia, industry, and government. The new fund is part of Stac's strategy to empower Scottish startups and combat the trend of companies relocating for better access to capital and markets.
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Jim Rowan, former CEO of Volvo Cars and Dyson, has been appointed chair of Scotland's Smart Things Accelerator Centre (Stac) as it launches its first £15 million investment fund focused on scaling Scottish technology companies in robotics, AI, quantum computing, photonics, and advanced manufacturing. Stac, founded in 2021, has supported 120 startups, facilitated £50 million in investment, and created 400 jobs.
The organization aims to bridge connections between academia, industry, government, and finance to enhance Scotland's technology ecosystem. The fund's launch is part of Stac's effort to empower local startups, countering the trend of companies relocating to access capital and markets. Additionally, Johnston Carmichael has formed a strategic partnership with Stac to provide extensive support to its current 35 enrolled businesses.
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