Internet of Things Accelerator Wales

By Bethan Lauder


Internet of Things (IoT) start-ups, from across the UK, can apply for an accelerator programme based in Wales.

The ‘Internet of Things Accelerator Wales’ (IoTA Wales) is actively seeking promising innovators outside Wales to sign up to this unique Accelerator, a collaborative initiative that has been jointly created and designed by Innovation Point, The Accelerator Network (TAN), Barclays Eagle Labs, Inspire Wales and the Development Bank of Wales.

The 12-week programme aims to identify and support up-and-coming IoT businesses in key areas such as cyber security, energy, manufacturing, education and agriculture, during the exciting but challenging start-up journey.

The programme will accept ten promising businesses to receive a £50,000 investment for a 10% equity stake in the enterprise, as well as access to world-class facilities, academic expertise and free creative office space to promote intensive-growth.

The organiser of London’s biggest IoT meet up, Alexandra Deschamps-Sonsino, named the most world’s most influential Internet of Things (IoT) expert (Postscapes, 2016), claims Wales has a competitive advantage over London which it needed to capitalise on to make the most of the trend’s opportunities.

She said: “You can make a profitable business in this space by manufacturing just 5000 pieces and through the production of the Raspberry Pi, Wales has the manufacturing capability which we just don’t have in London.  That bit is potentially the hardest piece of the jigsaw.”

"IoTA provides promising businesses with the financial investment, invaluable knowledge and extensive network needed to accelerate growth."

 

In 2015, 68% of digital investment in the UK was outside of London and the latest Tech Nation report found that Wales has the fastest growing digital economy out of London.  The Cardiff and Swansea tech cluster creates £392m annually in GVA, employs 17,000 people and saw 103 start-up births last year. 

IoTA Wales comes at a transformative time for Wales’ tech scene, following September’s signing of a deal for a south Wales home for the world’s first compound semiconductor cluster. The cluster is expected to attract £375 million in private investment and create 2,000 well paid and highly skilled jobs in the region, working on the technology behind the future of robotics, AI and driverless cars. 

IoT connects tangible devices, systems and services over the internet, enabling them to collect, share, analyse and act on data. This includes objects ranging from phones and fridges to wearable tech and medical devices, enabling smarter homes, cities and transport to become a reality. 

Applications to be a part of IoTA Wales will remain open until Midnight on Saturday 9th December 2017.  Businesses from across the UK are able to apply to be on the programme, but those from outside of Wales must be willing to relocate. 

David Warrender, CEO of Innovation Point, who is delivering the programme, said: “Launching the nation’s first IoT accelerator programme here in Wales is no mean feat, and is yet another example of the country’s growing role in the digital revolution. 

“The programme will have an intense focus on IoT security related devices and applications, providing high-potential applicants with access to a globally proven network of business mentors, high calibre partners and potential investors – all critical components of accelerated success.”

"Major organisations already signed up as delivery partners on the IoTA programme include Sony, Airbus Endeavr Wales, Cardiff University, Sorensen, Business Wales, TechUK, Pinnacl and RS Labs amongst others."

 Ian Merricks, Chair of The Accelerator Network, said: “The appetite amongst tech entrepreneurs has never been greater, with the number of individuals turning their business idea into a reality growing year on year – yet still 50% of all start-ups in the UK fail within the first five years.

 “The IoTA Wales is responding to this through an intensive-growth programme that is specifically designed to help make the IoT start-up journey a shorter and more successful one.”

 Businesses lucky enough to be selected as part of the start-up cohort will benefit from free creative office space at the latest Barclays Eagle Lab in central Cardiff.

 Steven Robert, Head of Strategic Transformation at Barclays Eagle Labs, said: “As well as providing an inclusive environment that fosters innovation and promotes shared growth, businesses will have access to a “Maker’s Lab” set up, plus support staff and structured support programmes to help with the rapid development of IoT prototypes.

 “As ideas and products progress, businesses will also benefit from access to additional state of the art IoT labs at Cardiff University, which is making an in-kind contribution that includes academic expertise.”

 Applications for The Internet of Things Accelerator Wales are open until Midnight on Saturday 9th December 2017. 

 This press release was issued by Innovation Point on 17th November 2017. For more information, visit: innovationpoint.uk/iotawales

 


Published: Friday, 17 November 2017

Airbus Cyber Security Centre of Excellence

Cyber security centre of excellence to open at Cardiff…

17 April 2017

Satellite Applications Catapult

Inspiring Innovation In Space

17 July 2017

Quantum Innovation Lab

Industry partners are invited to join the Quantum Innovation…

17 August 2017

Innovation Network | Cyber Analytics

10 October 2017

Quantum Technologies Innovation Centre

£43 million investment to establish world’s first Quantum…

7 November 2017

Open Innovation In Technology

CoInnovate is dedicated to building effective networks…

16 November 2017

Space Enabled Healthcare and Wellbeing

Endeavr will be attending a space-themed event at the…

1 April 2018

Space, Tech and the Final Frontier

On Tuesday 1st May, the Digital Tuesday community will…

1 April 2018

The ESTnet Awards

A highlight of the technology industry calendar

3 April 2018

The Digital Festival 2018

Airbus Endeavr Wales is supporting this year’s Digital…

17 April 2018

Image: Members of the Wales Academic Space Partnership (WASP) at the Airbus site in Broughton, Flintshire.

Space Scientists and Researchers

Diary marker: 12th June 2018

1 May 2018

Cyber Centre Recognised for International Impact

The Airbus Centre of Excellence in Cyber Security Analytics,…

4 May 2018

How to Apply

17 October 2018

Wales Academic Space Partnership

Diary marker: 17 January 2019

3 December 2018

Zenotech Project to Reduce Aircraft Noise

Zenotech has been commissioned by Airbus Endeavr in…

10 December 2018

Imaging System Set to Revolutionise Industry

A major project to design a high-tech imaging system…

12 December 2018

Image: Nick Crew will present at ESA event in Cardiff on 13 February 2019

Growing Space in Wales

European Space Agency Event - 13 February 2019, Cardiff.

16 January 2019

Image: Jack Laughland, Airbus

Airbus Graduates Working With Endeavr

VIDEO: Find out more about working with Airbus Endeavr…

14 February 2019

Image: Members of the Wales Academic Space Partnership (WASP) at the Airbus site in Broughton, Flintshire.

Living Wales

Living Wales is a unique and novel world-first concept…

27 February 2019

Graphic for Innovation Competition Briefing Event

Electronics, Sensors and Photonics

Briefing Event - 26 March 2019, 09:30 - 16:00 - Cardiff

28 February 2019

Image: Airbus Endeavr Logo

What Does Endeavr Offer SMEs & Academics?

VIDEO: Nick Crew encourages SMEs and academics to get…

1 March 2019

Graphic: Endeavr industry challenge - smart aircraft coatings for structural health monitoring

Industry Challenge | Smart Coatings

Open Call | Smart Aircraft Coatings for Structural…

1 March 2019

Graphic: Open University SMART

Open University - SPRINT

Diary Marker - 02 April 2019

25 March 2019

Graphic: Launch dates for Centre for photonics expertise

Centre for Photonics Excellence

Launch Events

1 April 2019

Logo: Aerospace Wales (Members)

UKRI Artificial Intelligence Workshops

Diary Marker(s): May 2019

1 May 2019

Logo: Aerospace Wales (Members)

Space Supply Chain

Diary Marker: 21 May 2019

9 May 2019

Photo to support launch of Digital Innovation Accelerator

Data Innovation Accelerator

DIA Launch Event: 18 June 2019

24 May 2019

Wales Space Academic Partnership

Members' Meeting - 29 May 2019

29 May 2019

Image: The Centre of Alternative Technology Machynlleth

An Exhibition of Earth Observations

Launch Event: 31 May 2019

6 June 2019

Sir Adrian Smith Review

Engagement Event - 11 June 2019

11 June 2019

Stephanie Woerner

MIT - 27 June 2019

11 June 2019

Graphic: Digital Tuesday July 2019

Digital Tuesday

Diary Marker: 2 July 2019

18 June 2019

Photo: Airbus Endeavr funded CyberLab

Cyber Innovation Hub

News: 24 June 2019

24 June 2019

Graphic for Industrial Challenge 4 July 2019

Industrial Challenge

Exploration & Project Scoping Workshop - 4 July 2019

27 June 2019

Photo of Nick Crew, Chair of External Advisory Board, Digital Innovation Accelerator

Chair of DIA External Advisory Board

Nick Crew appointment

11 July 2019

Image: Nick Crew will present at ESA event in Cardiff on 13 February 2019

Digital Futures Institute

The University of Bristol has secured £100M

1 August 2019

Image: Nick Crew, Airbus

Airbus Endeavr

Inspiring innovation to address industry challenges

4 August 2019

UK Space Sector

Consultation Event - 8 August 2019

8 August 2019

Logo: MADE Manufacturing Advanced Design Engineering

Manufacturing Support

Collaboration to adopt manufacturing technologies

9 August 2019

Logo: Cyber Wales

Cyber Security Clusters

Diary Marker(s): 15th and 20th August 2019

10 August 2019

Graphic to promote a link to the challenges promoted by Innovate UK and Knowledge Transfer Network

Innovate UK and KTN Challenges

A useful resource

11 August 2019

Graphic to promote Airbus Endeavr and Cardiff University' Innovation Network event on 11th September 2019

Innovation Network

Event, Cardiff - 11 Sept 2019

12 August 2019

Logo: GovUK

Space Technology Programme

Call Closes: Monday 16 September 2019

16 August 2019

CSA Catapult Workshop

Photonics - 19 September 2019

16 August 2019

UK Space Conference

Diary Marker: 24 - 26 September 2019

16 August 2019

Industry Challenge

Airbus Endeavr is looking to commission early stage…

19 August 2019

Graphic: Promote ESA feasibility study 'Cyber security and space based services'

Cyber Security & Space Based Services

Call Closes: 14 November 2019

22 August 2019

Image: Nick Crew, Airbus

An Introduction to Airbus Endeavr

VIDEO: Discover how to pitch your research ideas to…

26 August 2019

Graphic to promote Airbus Quantum Computing Challenge

Airbus Quantum Computing Challenge

Deadline 31 October 2019

28 August 2019

Image: Katherine Bennett, Senior Vice President, Airbus UK

Katherine Bennett to Chair the Western Gateway

News: 1 November 2019

1 November 2019

Image: Stakeholder Event November 2019

Challenge. Collaboration. Coinnovation

Event: 4 November 2019

4 November 2019

Image: £20 million AMRC Cymru building under construction

Advanced Manufacturing Research Centre Cymru

Launch: 28 November 2019

28 November 2019

Image: £20 million AMRC Cymru building in Broughton, Wales

Aero Wales Expo at AMRC Cymru

Inaugural Event: 5 December 2019

4 December 2019

Graphic: shows human head with lightbulb ideas

Test Video CV1

17 December 2019

Logo: Airbus Endeavr and partners

Are you a champion for industry?

Join our Executive Committee

27 February 2020

Image: Control Room

AI for Cybersecurity

News release: Cardiff University and Airbus

28 February 2020