
Michelin Scotland Innovation Parc
AI Verified
United Kingdom
Venture Capital
DD1 1SA Dundee, Scotland, United Kingdom
2019
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Regions | Northern Europe |
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Stage | Series A |
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Company description
Michelin Scotland Innovation Parc represents a forward-thinking collaboration between Dundee City Council, Michelin, and Scottish Enterprise, established to catalyze economic transformation while tackling urgent environmental challenges. This strategic partnership leverages the combined expertise of local government, industry leadership, and national economic development to create a sustainable innovation ecosystem in Scotland. The joint venture aims to stimulate economic diversification and resilience across Scottish industries, particularly focusing on the transition toward greener technologies and sustainable business models that address climate change imperatives.
Operating from the former Michelin tire manufacturing facility in Dundee, MSIP has transformed an industrial legacy site into a cutting-edge innovation campus dedicated to sustainable mobility and decarbonization technologies. The innovation park provides specialized infrastructure, including production spaces, innovation laboratories, and collaborative workspaces designed to nurture startups and scale-ups in the clean technology sector. This adaptive reuse approach not only preserves industrial heritage but demonstrates a practical model for just transition in communities previously dependent on traditional manufacturing.
MSIP focuses its investment and support activities primarily on companies developing solutions in sustainable transportation, renewable energy systems, low-carbon technologies, and circular economy innovations. The organization offers a comprehensive support package including access to growth capital, specialized business development services, and connections to academic research partners across Scotland's university network. Their investment approach emphasizes technologies with demonstrable potential to reduce carbon emissions while creating high-quality employment opportunities in the green economy sector.
Beyond financial returns, MSIP measures success through its triple-bottom-line impact on people, place, and planet. The innovation park has already attracted numerous international companies and created hundreds of green jobs in the Dundee region, helping to offset employment losses from traditional manufacturing decline. By fostering collaboration between industry incumbents, disruptive startups, and academic researchers, MSIP is establishing Scotland as a recognized hub for climate technology innovation. Their long-term vision includes expanding their model to additional sites across Scotland, creating a networked innovation ecosystem that positions the country as a leader in the global transition to net-zero.
Highlights
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Frequently asked questions
Michelin Scotland Innovation Parc maintains its global headquarters in United Kingdom, serving as the strategic center for its operations. The company's primary corporate offices are located at DD1 1SA Dundee, Scotland, United Kingdom.
Michelin Scotland Innovation Parc focuses its investment activities on companies operating in the following stages: Series A. Michelin Scotland Innovation Parc provides strategic capital and expertise to support promising businesses at these critical phases of development.
Michelin Scotland Innovation Parc maintains a strategic global investment presence, actively seeking opportunities across the following key regions: Northern Europe.
Michelin Scotland Innovation Parc was established in 2019, marking the beginning of its journey as an investment firm.
Michelin Scotland Innovation Parc is the following type of investment firm: Venture Capital. The organization provides capital and strategic support to entrepreneurs and growing companies.