Steven MORRIS’S view that the funding of an invention is as important for a tech start-up as the invention itself is bound to divide opinion, but the frequency with which tech companies raise equity funding would suggest he is at least partly right.

Whether capital intensive or not, it is a challenge to commercialise any new technology. For those who achieve this, realising their full potential can be even more challenging.

Therefore, many firms out there will welcome Mr Morris’s plans to launch, most probably, a venture capital trust to back Scottish tech firms ready to scale-up.

Interesting, too, was his observation that Scotland’s investment culture is far more mature than those in the Far East, where innovation in technology is highly prevalent. It served to further highlight the role of investors in Scotland’s tech scene.

ESM Investments, which was established by Mr Morris in 2011, has funds under management of £8 million, from a collection of 80 members of the tech community.

In pursuing a target of £25m to invest in six high-growth potential businesses, ESM is scaling up itself, it would seem.