GrowthEnabler assesses the UK’s top IoT start-ups in early, mid and late stages of development

GrowthEnabler has announced its GrowthEnabler Scoring System for the Internet of Things (IoT) market in the UK. The rating is revealed in the company’s new Market Pulse Report on IoT, which uncovers key trends and insights on what is rapidly becoming one of the UK’s most innovative technology sectors.

The UK’s IoT market is set to receive £81 billion (US$ 103.90 billion) of investment and create 67,000 jobs by 2020 and the start-ups identified by GrowthEnabler will be fuelling this revolution. The rating includes 21 top disruptive UK IoT start-ups that have the potential to transform the way that we live and do business.

This new research categorises the top disruptive startups into early, mid and late-stage companies, assigning them a GrowthEnabler Score based on core parameters of business success.

GrowthEnabler scoring system – Top companies

Early stage start-up (< 3 years): Den Automation

Den is a developer of light switches and plug sockets that allow users to wirelessly control and monitor their appliances via remote or a mobile app, with real-time scheduling and monitoring capabilities. This also includes parental controls limiting usage for devices to provide increased security.

GrowthEnabler Score: 8.58/10

Mid stage start-up (3-5 years): Cocoon

Cocoon has created an infrasound based home security device that combines high definition camera and motion detection technology to sense activity throughout the entire home. It gets in sync with the unique sound signature of a home and notifies users through its smartphone app in the case of unusual activity. It learns what is and isn’t normal to prevent false alarms, such as when the cat comes in.

Aftab Malhotra

GrowthEnabler Score: 9.37/10

Late stage start-up (5-7 years): Concirrus

Concirrus is an intelligent insurance solutions provider, which leverages large volumes of data (from connected sensors) to offer new, customer-centric insurance products.

Its software tools provide insurers with a dashboard that extracts insights and actions to gain a better understanding of customer behavior and assess risk in completely new ways.

GrowthEnabler Score: 8.68/10

GrowthEnabler co-founder, Aftab Malhotra, said: “IoT is one of the most exciting technologies in the world today and the UK startups included in this report are going to be major disruptors across a number of sectors. GrowthEnabler wants to help them to further raise their profile and get the support they need to establish their innovations on the global stage.

“Tech disruption is getting faster every day, and is affecting every individual and every company. Today’s corporates need to know the impact of disruptive technology on their businesses and future-proof their strategies. We’re connecting innovative startups with big businesses that share their vision, to pave the way for these new intelligent devices.”

GrowthEnabler classifies the top disruptive startups under these five core categories:

    • Leadership Team – For education, experience and profile relevancy
    • Business Traction – For market potential and business model
    • Product & Innovation – For the stage of product readiness and end-user value of the innovation
    • Financial Strength – For the financial fidelity with revenue and funding
    • Social Media & Branding – For the media mentions, awards and social media traction

The GrowthEnabler Market Pulse Report on IoT is available here.

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

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

Actility and Helium Network announce roaming integration to scale IoT coverage

Posted on: October 18, 2021

Actility, the provider of IoT connectivity solutions and LPWA technology, and Helium have launched a roaming integration partnership, unlocking affordable and ubiquitous coverage for millions of IoT devices.

Read more

Future of data integration: 2022 and beyond

Posted on: October 18, 2021

Traditional methods including manual creation of scripts, scrubbing the data, and later loading it into a data warehouse or ETL, (extract-transform-load) was used to integrate data from different sources. These methods were adopted in the era of resource constraints and have now become very time-intensive, expensive, and error-prone, says Yash Mehta, an IoT and big

Read more