Tech City UK and Cambridge Wireless have awarded £1 million to what they considers to be London and Cambridge's seven most promising internet of things startups.
The money - awarded through Innovate UK's Internet of Things Launchpad competition - will be supplemented with 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 winners, all of which are headquartered in either Cambridge or London, include Digital Shadows, a project to identify and attempt to mitigate some of the IoT-related security risks facing businesses, cities and individuals, and London Cambridge Cycle, a project to encourage and improve cycle journeys in London and Cambridge, by discovering, processing and providing relevant sensor data. A full list of the winners can be found below.
Gerard Grech, Tech City UK CEO, said: “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.”
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."
Digital minister Ed Vaizey 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.”
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 Limited – A project to identify, enumerate and attempt to mitigate some of the IoT-related security risks facing businesses, cities and individuals
- Product Health Limited – 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
- 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
- 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
- OpenTRV Limited - 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