Winners of CW Discovering Start-Ups 2016 showcase best in tech innovation

Three innovative and exciting new tech businesses were named winners of the 7th annual CW (Cambridge Wireless) Discovering Start-Ups competition, following passionate pitches from all the finalists at last night’s event sponsored and hosted by Deloitte in London. The winners – 8power with its smart, self-powered wireless sensors, risk analytics company AlgoDynamix and satellite positioning provider Focal Point Positioning – were chosen from 10 finalists who presented their disruptive technologies and business plans to a panel of 28 expert judges. The elite line-up comprised leading tech-business executives and investors from the likes of Amazon, ARM, Barclays, BT, Deloitte, Intel, Google, Oxford Capital, Samsung and UK Business Angels.

8power has developed smart wireless monitoring and sensing products for industrial, automotive, utility, built environment and infrastructure applications. The company’s patented technology addresses the problem of battery replacement by harvesting power from vibration and has already been trialed successfully on the Forth Road Bridge in Edinburgh.

AlgoDynamix is a pioneering portfolio risk analytics company dealing with financially disruptive events for investment banks and asset managers. Its software detects anomalies in financial markets and anticipates price movements hours or days in advance of the event, without using historical data or previous disruptive events.

Focal Point Positioning is creating innovative advances in satellite positioning, navigation and timing, for both indoors and outside. Its smartphone-based sensor fusion, machine learning and signal processing technology dramatically improves the sensitivity and performance of existing radio-based positioning systems for urban environments and deep indoors.

DS16 winners photo (1)
Winners of CW Discovering Start-Up 2016 (left to right) Antony Rix, CEO, 8power; Jeremy Sosabowski CEO/co-founder, AlgoDynamix, Ramsey Faragher, CEO, Focal Point Positioning

“All 10 finalists impressed the judges and it was challenging to whittle it down to three winners,” said Bob Driver, CEO at CW.

“The competition always creates a buzz and is a great showcase for the very best in tech innovation from the UK and beyond, while the passion and quality of the pitches showed that invention and entrepreneurship are stronger than ever.”

David Cobb, innovation tax partner at Deloitte and one of the judges, said: “The finalists this year lived up to expectations and proved that the UK technology start-up scene is in rude health.

Congratulations to the winners, 8power, AlgoDynamix and Focal Point Positioning, who each showed a great breadth of technology expertise and business acumen.

While the spotlight is on the three winners it was a tremendous opportunity for all the finalists to get feedback and advice from 28 industry experts and investors that they can use to help drive their businesses forward.”

The three winners all received a Discovering Start-Ups trophy along with:

All shortlisted finalists have the opportunity to meet with & receive support from the Department of International Trade (DIT) Venture Capital Unit who attended yesterday’s event and met the pitching companies.

“It is vital to support early-stage technology businesses to drive economic growth and help to keep the UK at the forefront of science and technology,” said Bob Driver, CEO, CW. “Discovering Start-Ups remains a great opportunity to bring start-ups, investors and industry experts together.”

This year’s sponsors include Deloitte, Dorsey, IC Resources and Provence Promotion – all focused on helping entrepreneurs and early stage companies grow and develop. The event was also supported by Digital Catapult, SETsquared, St. John’s Innovation Centre, Tech City, Tradefair, Department for International Trade, Google and Wayra.

Comment on this article below or via Twitter: @IoTNow_ OR @jcIoTnow

RECENT ARTICLES

Shipshape adds pro HVAC solution to its proprietary home management platform

Posted on: August 17, 2022

Shipshape’s Pro HVAC Solution helps homeowners monitor performance, maintain their systems, avoid unexpected repairs and prevent health risks. The solution leverages advanced artificial intelligence (AI) and Internet of Things (IoT) technology along with decades of experience in building science and mechanical engineering to deliver a HVAC solution in partnership with service providers.

Read more

ClearBlade IoT Core launched as a complete replacement for Google cloud platform’s (GCP’s) IoT core

Posted on: August 17, 2022

ClearBlade, the IoT Platform and Edge AI company, is announcing a SaaS product offering, ClearBlade IoT Core. The ClearBlade IoT Core provides industry-standard IoT cloud service capabilities, efficient scaling, and hardened security for enterprise customers. For existing GCP IoT Core customers, ClearBlade provides a low-effort, one-click migration process and pricing consistent with GCP’s current offering.

Read more
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, home automation using iot 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

5 challenges still facing the Internet of Things

Posted on: June 3, 2020

The Internet of Things (IoT) has quickly become a huge part of how people live, communicate and do business. All around the world, web-enabled devices are turning our world into a more switched-on place to live.

Read more

What is IoT?

Posted on: July 7, 2019

What is IoT Data as a new oil IoT connectivity What is IoT video So what’s IoT? The phrase ‘Internet of Things’ (IoT) is officially everywhere. It constantly shows up in my Google news feed, the weekend tech supplements are waxing lyrical about it and the volume of marketing emails I receive advertising ‘smart, connected

Read more
IoT Newsletter

Join the IoT Now online community for FREE, to receive: Exclusive offers for entry to all the IoT events that matter, round the world

Free access to a huge selection of the latest IoT analyst reports and industry whitepapers

The latest IoT news, as it breaks, to your inbox