16 July 2008
In what will be seen as a significant blow to the Scottish technology sector, Connect Scotland has ceased trading and has had to lay off all seven staff.
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Ironic that the company set up to assist Scots companies find finance has itself run out of money. If the people running Connect, some of the leading lights of Scottish IT can't find money for that venture, it certainly doesn't bode well for budding entrepreneurs trying to find startup cash.
However, down south the Angels Den continues to do well.
Something like that is certainly needed in Scotland.