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UHI Business Awards 24: Celebrates Entrepreneurs of the Highlands & Islands

At sea safety, the renewables industry, and designing better workwear for women are amongst the award winning businesses at the University of the Highlands and Islands (UHI) Business Competition 2024.

Top spot went to Keith Wilcox from Dufftown for his business ‘Lodestone Leashes’, which makes paddleboard safety products.

Top prize winner Keith Wilcox

Keith impressed the judges with his patented release technology for paddleboard leashes, which reliably and automatically separates the board from the user if the leash gets caught on a hazard, ultimately preventing drowning. He won the top prize of £1,000, along with a combined legal and accountancy package from sponsors Harper Macleod LLP and Johnston Carmichael.

 Keith said:

“The UHI Business Competition has been a fantastic opportunity. Winning the top prize gives us a huge boost at our early stage. The legal and accounting support will enable us to work on patent licensing, and the prize money will support our next production run. We simply couldn’t do this without this support.  It was great to see how FlyHighland has grown since they won last year, and I’m looking forward to seeing what Lodestone Leashes has achieved by next year.”

The awards ceremony was held on Wednesday, 22nd May, at the UHI Inverness campus. It is organised by CREATE, the Highlands and Islands Hub for Enterprise and Innovation, based at the Centre for Living Sustainability

With funding support from the University Innovation Fund from the Scottish Funding Council, the competition aims to discover and support enterprising people, helping them take their first steps in starting their own business. Since the competition began in 2006, it has awarded £108,000 in prize money. 

This year the competition attracted 78 entries from students across the UHI partnership, as well as entrepreneurs living in the Highlands and Islands, Moray, Perthshire and Argyll. The total prize fund was £8,000, with ten winners each receiving a prize from one of the sponsors. 

All finalists, judges and organisers of the UHI Business Competition.

The other prize winners were as follows:

Professor Neil Simco, Deputy Principal Academic and Research at UHI, who opened the awards ceremony and presented the best student award, said:

“One of the reasons UHI exists is to make a difference, and we are pleased to support people who have the skills, energy, and commitment to take forward business ideas that make that difference across our regions. This competition shows that whoever you are, wherever you are, and whatever age you’re at, if you want to, you can be entrepreneurial.”

The keynote speaker was Debbie Strang, Director and Chief Operating Officer of SaxaVord Spaceport in Unst, Shetland. She told the finalists:

“Congratulations everybody. It’s fantastic that you have seized this opportunity. Work hard and stay determined, don’t become derailed, keep focused, and remember that people are key. It’s also important to celebrate your achievements. And keep going!”

This year’s judges were Màiri Macdonald, Local Enterprise Manager at the Royal Bank of Scotland; Gillian McGill, Talent Acquisition Manager at Skillfluence and Founders360, Mark Sutherland, Head of Highlands and Islands Regional Engagement for Techscaler and CodeBase, and Rojan Kumar Subramani, co-founder and CEO of DigiTechtive and member of the board of management of UHI Inverness.

The other finalists were: 

Vicki Nairn, UHI Principal and Vice Chancellor said:

“Our region is phenomenally important economically, and this competition has had a huge impact on the entrepreneurial spirit of its people. It has again highlighted the great potential for innovative local business ventures, and I have no doubt that the future is very bright for our winners. Their resourceful ideas and solutions demonstrate the enterprising drive and initiative that we strive to nurture.”

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