A BUSINESS operating a loyalty scheme for small and medium enterprises has won the top prize at The Scottish Institute for Enterprise's annual summit.

Chitresh Sharma and Louis Schena, both international marketing graduates from Strathclyde University, impressed judges with Swipii Labs which offers a way for customers of smaller companies to collect points and claim rewards.

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The pair received the £10,000 New Venture prize at a ceremony at the Assembly Rooms in Edinburgh yesterday.