The funding will drive entrepreneurial networks and enable entrepreneurs to share ideas, experience and seek support, investment and expertise.
Sturgeon spoke at the first Scotland CAN DO festival at Barras Art and Design in Glasgow, which was attended by 400 entrepreneurial leaders, change makers and innovators.
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Speaking at the event, she said: “Scotland is known for its vision as a world-leading entrepreneurial and innovative nation, one in which growth and innovation go hand-in-hand with fair work and delivering in a way which benefits everyone.
“We want Scotland to be a country that is at the forefront of social and technological progress – to invent, design and manufacture the technologies and products of the future – not simply to consume them.
“And we want to do all of that in a way which benefits all of society.”
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