Michelin Scotland Innovation Parc

AI Verified

Location

United Kingdom


Investor type

Venture Capital


Current investment status

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Website

http://msipdundee.com


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Company address

DD1 1SA Dundee, Scotland, United Kingdom


Founding year

2019


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Criteria Requirements Match
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

Joint venture between Dundee City Council and Michelin
Driving growth while addressing the climate emergency

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Frequently asked questions

Where is Michelin Scotland Innovation Parc located?

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.

What investment stages Michelin Scotland Innovation Parc focuses on?

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.

Where does Michelin Scotland Innovation Parc invest?

Michelin Scotland Innovation Parc maintains a strategic global investment presence, actively seeking opportunities across the following key regions: Northern Europe.

When was Michelin Scotland Innovation Parc founded?

Michelin Scotland Innovation Parc was established in 2019, marking the beginning of its journey as an investment firm.

What kind of investment firm is Michelin Scotland Innovation Parc?

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.