Moving its original main base in Aberdeen, the company has opened a new head office on South St Andrews Street in the city centre.

The expansion will enable Innovative Partners to support its growing innovation advisory and investment client roster in Edinburgh and around Scotland’s central belt. The firm will retain its presence in Aberdeen.

Since its inception, the firm has grown to not only offer advisory and consultancy services but also investing in early stage technology businesses. Notable investments in its portfolio include ValStream, an advanced procurement analytics provider recognised as Boeing Supplier of the Year 2023, and Elastik, an education technology company.

“Innovative Partners already enjoys considerable success from our Aberdeen and London offices. Extending into Edinburgh’s entrepreneurial hub will be pivotal to enhancing our support for clients and investees across Scotland,” said Andrew Marshall, co-founder of Innovative Partners and founder of the parent company, Carlowrie Group.

In 2022, commercial director Michael Davie joined Mr Hurley and Mr Marshall as part of the Innovative Partners leadership team. The company has recently hired a business development manager, an operations manager, and a technical consultant to support the move into Edinburgh, with further hires planned later this year.

“The decision to open our new office in Edinburgh reflects our confidence in the robustness of Scotland’s business ecosystem and our dedication to delivering unparalleled support to companies across the region,” Mr Davie said.

Innovative Partners is a Carlowrie Group company, alongside other businesses and charities, including Edinburgh Street Food, Carlowrie Castle and The Breakfast Bothy. Founded by Mr Marshall over 20 years ago, Carlowrie Group employs 350 people across the UK and places social projects and giving back at the heart of each business.

To give back to the local community, Innovative Partners supports The Breakfast Bothy, an Edinburgh-based charity helping people experiencing homelessness. On 19 April, the Innovative Partners team and some clients will join over 100 others at the charity’s first ‘Sleep Out’ on the lawns of Carlowrie Castle. Money raised will go towards the expansion of The Breakfast Bothy’s services.