Up to 2,500 places will be available for free to entrepreneurs and the closing date for applications is set for 16th August.

The bank’s accelerator programme, which was recently ranked amongst the top 30 best start-up hubs in Europe by the Financial Times, has supported thousands of entrepreneurs to grow their businesses.

Evidencing the support available, a record breaking five Accelerator members took home a share of the £1.5 million prize pot at the 23rd Scottish EDGE awards in May. The successful businesses are orthodontic supply manufacturer, Whitebox Dental, online catering marketplace, ANDMunch, strategic procurement specialists, Optimum Business Growth, Scottish confectioner, Ochil Fudge, and Glasgow’s Naked Kimchi, founded in 2021 by Katerina Hayes.

Naked Kimchi received £65,000 funding to continue to back their sustainability mission. Originally from Ukraine, Katerina introduced traditional Ukrainian fermenting practices to Scotland 16 years ago, producing a 100% vegan, free-from kimchi with her father’s authentic recipe. In response to ongoing world events, Naked Kimchi & Co now provides employment opportunities for displaced Ukrainian people.

Naked Kimchi & Co’s approach to mindful eating emphasises the importance of gut health, supports local farmers, improves food security and provides a delicious superfood along the way.

RBS’ accelerator programme provides a range of support through the hubs across Scotland. This includes expert coaching, access to a wide network of like-minded peers, and a programme of thought leadership and events, all designed to help fledgling businesses to unlock new markets, attract new talent, access growth funding and to build leadership skills and scalable infrastructure.

The programme is free for participating businesses and entrepreneurs do not need to give up any equity in their business to take part.

Interested entrepreneurs looking to grow and scale their businesses can apply to join the accelerator programme for free.

Katerina, CEO Naked Kimchi, said: “We are deeply grateful for the support we’ve received from the Royal Bank Accelerator Programme. The guidance and resources on offer have been pivotal in helping us scale and grow the business.

“We’re looking forward to sharing our passion for authentic Kimchi with the industry and to connect with fellow food and environmental enthusiasts.”

Heidi Simpson, regional accelerator director at RBS, said: “Wraparound support is paramount when it comes to supporting ambitious businesses to grow. As Scotland’s biggest bank for start-ups we understand what businesses need to succeed – and we provide this support in our accelerator hubs.

“Scotland boasts a dynamic and innovative community of start-up and growing businesses, and now have the opportunity to be part of our biggest accelerator network ever – I’d encourage anyone who is interested to get in touch before the August 16th deadline.”