R&D projects to create 56 jobs in Scotland

R&D projects to create 56 jobs in Scotland

Two Scotland-based companies, Sciencesoft Limited and SHE Software, are committing over £4.7m to their research and development projects within the country, which are expected to secure 56 jobs for Scotland.

The two projects are being supported by £1.9m of Scottish Enterprise R&D grants.

Oil and gas software company, Sciencesoft Limited, is to embark on a new research and development project which it hopes will increase its revenue by over £21m on completion of the project, securing 28 jobs.

The Glasgow-based software engineering firm has received £1.5m funding from Scottish Enterprise towards its £3.6m project to develop an integrated solution for chemical enhanced oil recovery (CEOR) reservoir simulation.

The project will develop four novel products allowing engineers to build, control, simulate and analyse reservoir simulation models.

Sciencesoft director of sales and marketing, William Wood, said: “Our previous innovation projects, also supported with Scottish Enterprise innovation grants, resulted in technologies that are now integrated into our commercial products.

“We’re confident that this latest project will deliver even more business value, potentially up to £21 million in revenue for us.”

East Kilbride-based SHE Software specialises in cloud-based health and safety software.

It received £415,000 in R&D funding towards its £1.1m R&D project to help accelerate development of its next generation software solution, Assure 2.0, and will secure 28 jobs.

The company’s cloud-based ‘Assure’ reduces administration requirements, and is used by more than 160 organisations, with half a million users worldwide.

Matthew Elson, Chief Executive of SHE Software, commented: “This R&D grant means we can accelerate delivery of our R&D project by 24 months, helping us secure our market leadership and increasing our global opportunities to grow.

“We already operate in a number of countries throughout Europe and the Americas, and we’re keen to further expand into Asia Pacific.”

The support offered by Scottish Enterprise aims to encourage innovation within businesses in Scotland.

Minister for Business, Innovation and Energy Paul Wheelhouse said: “Promoting innovation is an incredibly powerful way of supporting economic growth and creating a sustainably prosperous society - through boosting productivity, improving efficiency in use of resources and potentially enabling higher wages to be afforded.

"I am delighted to confirm today that, thanks to funding such as has been awarded to Sciencesoft and SHE Software of £1.5m and £415,000, and ongoing support from the Scottish Government's Enterprise agencies, more companies are being enabled to develop and profit from innovative new products."

Jim Watson, director of Innovation and Enterprise Services at Scottish Enterprise, added: “As Scotland’s innovation agency, we want every company in every sector to embrace innovation and reap the benefits it brings.

“Companies like Sciencesoft and SHE Software have built a persistent and sustained culture of business innovation and it’s this approach that is keeping them ahead of their competitors.

“These are commercialised products that will generate revenue for the company. Both companies have ambitious growth plans and we wish them every success with their latest projects.”

 

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