Andrew Mitchell is a programme and relationship manager with twenty years experience in the ICT sector; fourteen years international experience in business-university collaboration and commercialisation; and, most recently, five years experience in the clean-tech, low-carbon and renewable energy sectors. He has worked for and with small businesses, FTSE100 corporations, and world leading research-intensive universities such as MIT, Harvard, the University of Cambridge and the University of Edinburgh. He has delivered programmes and helped high-growth ventures in Scotland, England, Spain, North America, Australia, New Zealand, China and India. Andrew has facilitated over €12M of public and private funding for innovation programmes and entrepreneurship and executive education. From 1999-2006 he worked for British Telecommunications PLC in an ‘electronic government’ corporate venture, and as part of the BT corporate collaboration with the Cambridge-MIT Institute Ltd. Andrew established and grew Informatics Ventures and the ‘Engage Invest Exploit” platform, which (as of 2016) has helped Scottish technology startups and growth ventures raise over £350 million in private equity. He is currently collaborating with the European Institute of Innovation and Technology’s Climate-KIC (a body of the EU) on Europe’s largest clean-tech and climate change venture competition; in addition to technology and venture scouting for large, innovation-driven, corporations in Europe, Asia and North America.
In an independent assessment by EKOS, Informatics Ventures and ProspeKT delivered a return on investment to the Scottish economy of £7.40 for every £1 invested by Scottish Enterprise, net additional impacts of Informatics Ventures and ProspeKT were estimated as 983 jobs and £109 million Gross Value Add to the Scottish economy. Having developed the concept of Engage Invest Exploit (EIE) with Colin Adams, Andrew set it up on a shoe-string budget on the 8th floor of Appleton Tower in April 2008 and led its growth and development until 2011. Now EIE is still well established as Scotland’s largest and leading showcase for investors to find the next big thing in Scottish tech. EIE also runs in London and is arguably one of Europe’s most important events for emerging entrepreneurs, driven forward with a Advisory Board of tech entrepreneurship and investment Titans such as Chris van der Kuyl, Sherry Coutu, Hermann Hauser, Heidi Roizen and Crawford Beveridge. To date, EIE has helped Scottish startups raise over £150 million in venture finance; and this does not include the eye-watering $360 million raised by FanDuel12, with their Series E ($275 million) believed to the UK’s largest venture deal in a tech startup. FanDuel were initially based in Appleton Tower and attended many Informatics Ventures workshops, master-classes, the MIT Entrepreneurship Development Program and pitched at EIE in 2009.
Andrew Mitchell has designed, developed and managed the delivery of over 35,000 hours of entrepreneurship education to over 1,000 startups (mainly software/web and clean tech), corporates and public sector organisations. He has developed and delivered corporate venture and innovation programmes for British Telecommunications PLC in the US and UK, IHI Corporation in Japan (€11.5 billion turnover conglomerate – energy, infrastructure, aerospace, defence), and Arçelik A.Ş. in Turkey (€3.5 billion turnover household appliance manufacturer). Andrew has also developed programmes involving The Royal Bank of Scotland Group PLC, Microsoft Corporation, Iberdrola, S.A. and Scottish Power.