£1m boost to companies leading the charge towards the Internet of Things

David Cameron

Innovate UK, Tech City UK and Cambridge Wireless have jointly announced the seven winners of their flagship £1 million Internet of Things Launchpad competition.

The winners represent some of the most exciting early stage companies in the Internet of Things space. Based in London and Cambridge, the companies will share grant funding of up to £1 million (€1.27 million).

Announced by UK Prime Minister David Cameron at the CeBIT conference earlier in 2014, Innovate UK organised this competition in conjunction with Tech City UK and Cambridge Wireless (CW). Tech City UK was launched in 2010 to support the growth of the technology sector in East London, which has become Europe’s largest digital cluster. Cambridge Wireless is a leading and vibrant community with global networks, interested in the development and application of wireless and mobile technologies to solve business problems.

InnovateUK_LogoC.web

The Internet of Things (IoT) describes automatic ‘smart’ communications between objects – rather than between people using computers and mobiles – through the internet. Market projections suggest the industry will comprise of 26 billion devices by 2020, rising to a trillion by 2025. It is predicted to become a US$500 billion ( (€408 billion) global technology market by 2019, supporting an even more extensive market for products and services.

Innovate UK’s Launchpad competitions target investment and support at existing business clusters to have emerged in particular areas, in this case digital industries in London and Cambridge.

During the selection process the panel looked for pioneering projects, taking Internet of Things activity into innovative new areas. The winning projects are:

  • Digital Shadows LtdA project to identify, enumerate and attempt to mitigate some of the IoT-related security risks facing businesses, cities and individuals

    Al Paterson of Digital Shadows
    Al Paterson of Digital Shadows
  • Product Health Ltd – A new service for connected batteries, representing a step change in the way batteries are managed in the off-grid energy sector
  • ThinkInnovate Ltd – An IoT defence scanner, consisting of a portable scanning device, a mobile app and a web app and designed to increase confidence in IoT
    logo
  • Arjun Technology Ventures Ltd – (KisanHub) working with NWave – Wireless remote collection of data from multiple in-field sensors to make digitised farming enterprises a commercial reality
    NWave logo
  • London Cambridge Cycle: A joint project of 1248 and Thingful to encourage and improve cycle journeys in London and Cambridge, by discovering, processing and providing relevant sensor data

    The team from 1248 Ltd
    The team from 1248 Ltd
  • OpenTRV Ltd – A venture to work out the optimum combination of sensors to use inside buildings and outdoors to detect environmental information, such as the presence of people and the weather
  • Superflux Ltd / IoTA – A compact air quality monitoring and GPS tracking sensor that can be deployed in a number of ways e.g. attached to a child’s pushchair

 

In addition to the funding grant, the winners will benefit from access to expertise and business support from the programme’s private sector partners: EE, John Lewis, Unilever, Bosch, Seedcamp, Red Gate, Cisco, Hive by British Gas, RPD and Fab Lab London. These partners will offer the winning companies the opportunity to access a range of support, from investment, and access to markets and mentorship, to retail for showcasing products to consumers.

The Rt. Hon Ed Vaizey MP, Digital Economy Minister, said: “It is an exciting time to be a tech business in the UK. Our digital economy is already one of the strongest markets in the world, valued at more than £100 billion.

“Investing in growth areas such as the Internet of Things is a key part of our long-term economic plan to back business, create jobs and secure a brighter future for Britain. “We have already put coding into the school curriculum and our rollout of superfast broadband has now passed more than 1.5 million homes and businesses and is reaching 40,000 more each week.”

Matt Sansam, Lead Digital Technologist for Innovate UK, said:  “Innovate UK has designed Launchpads to help businesses take advantage of being part of a developing cluster to realise their potential for growth.  We’re delighted to be supporting the London-Cambridge IoT cluster and the finalists and winners in this competition represent some excellently innovative ideas, right at the heart of the emerging IoT space.”

Gerard Grech, Tech City UK CEO, comments: “With a critical mass of world-class expertise in both hardware in Cambridge and software in London and other cities, the UK is in a strong position to lead the way in Internet of Things. These competition winners are some of the most innovative early stage businesses in the UK’s IoT space and I’m excited to see how they will develop with the funding and mentorship from the initiative’s partners such as Seedcamp, Cisco, RedGate and Unilever.”

 

 

 

 

 

 

 

Winners will have up to six months to start their projects and up to 12 months to complete the work they’ve set out to do. Innovate UK’s Monitoring Officers will observe the process.

FEATURED IoT STORIES

9 IoT applications that will change everything

Posted on: September 1, 2021

Whether you are a future-minded CEO, tech-driven CEO or IT leader, you’ve come across the term IoT before. It’s often used alongside superlatives regarding how it will revolutionize the way you work, play, and live. But is it just another buzzword, or is it the as-promised technological holy grail? The truth is that Internet of

Read more

Which IoT Platform 2021? IoT Now Enterprise Buyers’ Guide

Posted on: August 30, 2021

There are several different parts in a complete IoT solution, all of which must work together to get the result needed, write IoT Now Enterprise Buyers’ Guide – Which IoT Platform 2021? authors Robin Duke-Woolley, the CEO and Bill Ingle, a senior analyst, at Beecham Research. Figure 1 shows these parts and, although not all

Read more

CAT-M1 vs NB-IoT – examining the real differences

Posted on: June 21, 2021

As industry players look to provide the next generation of IoT connectivity, two different standards have emerged under release 13 of 3GPP – CAT-M1 and NB-IoT.

Read more

IoT and home automation: What does the future hold?

Posted on: June 10, 2020

Once a dream, iot home automation is slowly but steadily becoming a part of daily lives around the world. In fact, it is believed that the global market for smart home automation will reach $40 billion by 2020.

Read more
RECENT ARTICLES

Tyk secures $35M investment to revolutionise software delivery for enterprises

Posted on: September 20, 2021

Tyk, a London-based global tech company, announced it has closed a $35M (€29.87M) growth equity funding round led by new investors Scottish Equity Partners (SEP), alongside existing investors MMC Ventures.

Read more

The doctor will see you now – by teleporting into your home!

Posted on: September 20, 2021

The National Robotarium, hosted by Heriot-Watt University, is pioneering intelligent sensing and tele-presence robotic technology to allow health practitioners to remotely assess a person’s physical and cognitive health from anywhere in the world.

Read more