engage | invest | exploit - 2015 company profiles
DESCRIPTION
Collated profiles for all companies exhibiting at EIE15, the premier Scottish technology investor showcase.TRANSCRIPT
14th May 2015#EIE15
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ENGAGEINVESTEXPLOIT15
Key Icons In this brochure you will find information on each of the companies exhibiting at EIE15. Each company has identified which group they are seeking investment from, and provided a level of funding requirements. The following icons will help you quickly establish with whom to engage, invest in and exploit the opportunity together.
Crowdfunding
High Net Worth Individual
Business Angel Syndicate
Venture Capital
Corporate Venturer
Exhibitors are seeking an investment within the following levels:
<£100k
£100k - 249k
£250k - 499k
£500k - 999k
£1m - 2m
>£2mExhi
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Level £500k - 999k
ActiveNeedle Every year 250M patients receive needle interventional procedures, including cancer biopsy, where needle placement errors lead to complications, like nerve damage and repeat biopsy, costing $1Bn.ActiveNeedle has developed an award-winning device that allows precision needle targeting by improving visibility and reducing deflection of standard medial needles. ActiveNeedle will revolutionize the healthcare system by providing safer, efficient and cost-effective procedures benefitting patients, clinicians and healthcare providers. ActiveNeedle is led by Dr. Muhammad Sadiq, biomedical engineer, alongside Dr. Graeme McLeod, a consultant anaesthetist.
www.activeneedle.com
Started: 2015Pre revenue: YesCurrent funding: Fellowship FundingInvestment for: Business development, team-building, CE marked clinical prototype and clinical trials
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Level >£2m Level >£2m
AlfacyteAlfacyte aims to give peanut allergy sufferers the freedom to live their lives. It is developing an oral vaccine that is expected to have a long-lasting (possibly permanent) effect in the treatment of potentially fatal food allergy. Peanut allergy alone affects up to 1.3% of the general population. Alfacyte has a team of commercially experienced immunologists from academia and big pharma, and an IP portfolio of ground-breaking scientific discoveries. It is poised to provide a solution to an unmet clinical need.
Edinburgh Molecular Imaging LtdEdinburgh Molecular Imaging is developing optical technology to help you see disease in the body in real time. We support clinicians making time critical diagnostic and treatment decisions. Our SMART Optical agents visualise pathology in vivo by lighting -up cells, enzymes and receptors present in disease, reducing the time to diagnosis from days to seconds, enabling point of care treatment selection and intervention. We have a world class team with over 50 years experience in developing molecular imaging agents.
Started: 2012Pre revenue: YesCurrent funding: FFF, SMART AwardInvestment for: Alfacyte is entering the next phase of pre-clinical development. Successful completion of this stage will necessitate further investment in the region of £2m to support toxicology and Phase 1 clinical trials
www.alfacyte.com www.edinimage.com
Started: 2014Pre revenue: YesCurrent funding: Innovation Fund, Research Council Funding, Scottish Investment Bank, SMART Award, Venture CapitalInvestment for: To undertake pivotal phase II clinical trials on novel optical imaging agents
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Level £250k - 499k Level £100k - 249k
Garrapat Ltd Garrapat is a recently formed company dedicated to empowering people to protect themselves against tick-borne Lyme disease, a major public health problem throughout Europe and North America. Although those who routinely work or practice sports in the countryside are most at risk, anyone can become infected. Under the direction of Dr. Bruce Alexander, a medical entomologist with 30 years research experience, Garrapat is developing a patented affordable and user-friendly technology that could protect millions of people from Lyme disease.
Highland Innovation Centre Ltd Highland Innovation has developed a state of art device, Breast-i to allow women to examine their breasts once each month to spot any changes indicative of pathology and if seen to go to their GP for clinical examination and advice. Market research predicts UK sales of £46m in 5 years and profits of £16m. HIC has a portfolio of granted patents and design copyright including in China. www.breast-i.com explains progress more fully.
www.breast-i.com
Started: 2015Pre revenue: YesCurrent funding: Grant Funding, Self-fundedInvestment for: Develop and trial innovative technology to control tick-borne Lyme disease, generate IP to licensed or sell outright to established healthcare company
Started: 1998Pre revenue: YesCurrent funding: Development Grant, SMART AwardInvestment for: Requirement is for funds to pay for tooling, manufacturing and marketing Breast-i
www.garrapat.com
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Level £100k - 249k Level £500k - 999k
IbisVision LtdIbisVision delivers a revolutionary new visual field test based on the latest software technologies to make the early identification of glaucoma available globally. We have a remotely hosted (cloud) application that can be implemented both in the developed and developing world - where such tests have never before been available. IbisVision provides a unique suite of software that will make a significant impact on the industry and improve the sight of individuals on a global scale.
Medicen Devise LtdMedicen Devise, is an innovative venture designing new medical technologies. Its 1st product is Steriderm which is a non-invasive auxiliary for catheters to prevent infections saving billions of pounds and thousands of lives every year in US and Europe. Our target market is mainly catheter companies and antiseptic manufacturers, making it a £3B market for us. Kanika Bansal is the CEO of the company with extensive medical device design experience with Brian Kerr chairing the company with his successful entrepreneurial experience.
www.ibisvision.co.uk www.medicendevise.com
Started: 2013Pre revenue: YesCurrent funding: Development Grant, Grant Funding, Self-fundedInvestment for: Proceed with development of the commercial viable hosted version of our RingOfSight application via carefully selected third party development partners
Started: 2012Pre revenue: YesCurrent funding: Grant Funding, SMART Award, University Commercial FundingInvestment for: First-in-man study and CE marking
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Level £250k - 499k Level £1m - 2m
Metix Ltd Metix is a medical technology company pioneering where emergency medicine begins. Metix is developing a robust handheld vital signs monitor, COREMED. Its third concept device was exhibited at the 2014 World Extreme Medicine Conference at the RSM, where it received positive feedback from many leading consumers including Defence delegates and MSF. COREMED’s target market is pre-hospital care providers and it is powered by a highly qualified team of Engineers & Management Graduates currently supported through UKTI’s SIRIUS and led by a medical doctor.
Parkure Ltd Parkure has the sole mission of discovering drugs that stop the progression of Parkinson’s disease, eventually leading to a cure. The team combines decades of experience in the industry and excellent research track records. Parkure identifies drug candidates using a fast and cost-efficient assay, which has been tried and tested commercially. Selected leads are then co-developed to the market with larger pharmaceutical companies. Parkure’s focus is drug repurposing as well as the shelved assets of big pharmaceutical companies.
www.parkure.co.uk
Started: 2013Pre revenue: YesCurrent funding: FFF, Government Funding, Grant Funding, Innovation Vouchers, Scottish Investment BankInvestment for: Pre-order Fulfillment, Product Manufacturing, Patents, Hiring More Staff, Certification Fees, Scale the Business
Started: 2014Pre revenue: YesCurrent funding: Crowd Funding, Fellowship Funding, SMART AwardInvestment for: Full scale drug candidate screening and follow up research, lead optimisation and development for drug co-development deals
www.metixmedical.co.uk
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Level <£100k Level £500k - 999k
Sansible LtdDemand for portable power for smart phones, smart watches and other wearable technologies is growing rapidly. Sansible offer systems that generate power through kinetic movement. The Sansible team have expertise in smart materials, energy harvesting and nanotechnology, ensuring you never run out of juice for your wearable technology.
snap40snap40 will save lives and reduce length of hospital stay. We pre-emptively detect the early warning signs of patient deterioration, which are otherwise frequently missed, as in 35% of cardiac arrests. Using a patent-pending wearable device, snap40 continuously monitors the health of a patient, undertaking real-time software analysis and interpretation to detect the patterns that predict deterioration, allowing attention to be brought to the patient earlier. snap40 is led by Christopher McCann, a medical student with a Masters of Engineering in Computer Science.
www.sansible.com www.snap40.com
Started: 2014Pre revenue: YesCurrent funding: EDGE Award, FFF, Grant Funding, Self-funded, SMART AwardInvestment for: Manufacturing and cost of sales, completion of clinical evaluations and scale up of team
Started: 2013Pre revenue: YesCurrent funding: Fellowship Funding, Innovation Vouchers, Self-fundedInvestment for: Match contribution towards a SMART:Scotland grant. Business development. Prototypes development
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Level >£2m
TC BioPharm LtdTC BioPharm is developing innovative cell based products to improve patient health and quality of life. TCB’s ImmuniCell technology is based on the delivery of expanded, autologous, T cells to treat cancer patients. Having constructed a state of the art GMP manufacturing facility and successfully obtaining MHRA approval, TCB will commence clinical studies in summer 2015. TCB plans to achieve an exit, by IPO or trade sale in late 2016.
Started: 2013Pre revenue: YesCurrent funding: Development Grant, Scottish Investment Bank, Self-funded, SMART AwardInvestment for: TCB is seeking £6m to treat skin, lung and kidney cancer patients and subsequently demonstrate efficacy in one tumour type
www.tcbiopharm.com
Level £100k - 249k
Urban Farming Company There is a staggering 5-7 year waiting list for an Edinburgh allotment gardening plot. In response, the Urban Farming Company has developed the MicroFarm Community Greenhouse - a sustainable approach to localised indoor Grow-Your-Own gardening. The scalable architectural structure allows crop cultivation throughout the year without the financial expense of fossil fuels. Applying an innovative business model, the company has created an innovative MicroFarm allotment leasing proposition - an ethical investment mechanism with excellent economic, social and environmental returns.
www.urbanfarmingco.com
Started: 2013Pre revenue: YesCurrent funding: Innovation Vouchers, Self-funded, University Commercial FundingInvestment for: Product development, channel marketing, customer engagement and IP protection
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Level £250k - 499k
AirtsAirts creates Artificial Intelligence systems that automate large-scale operational planning. They dramatically increase efficiency, improve customer service and boost operational agility. Airts recently delivered a healthcare equipment logistics optimisation system for a UK local authority. They are now building an enterprise work scheduling solution for the offshore service centre of a global professional services firm. Airts owns the IP for both projects and is well positioned to adapt the systems into off-the-shelf products with strong testimonials.
www.airts.co.uk
Started: 2013Pre revenue: NoCurrent funding: EDGE Award, Revenues, Self-fundedInvestment for: Bolstering of the sales team, marketing, and further product development, allowing us to scale in our chosen verticals
www.annotate.co
Annotate.coAnnotate.co makes gathering feedback on documents simpler by creating a layer of virtual tracing paper for each user. Everyone can instantly see annotations which improves interaction, reduces iterations & saves time spent stitching together email snippets & tracked changes. Formed from 10 years of experience building custom document annotation solutions, Annotate.co powers collaborative annotation & lightweight pdf viewing in medical, life sciences, publishing, design, education, translation & professional markets. With an established & growing customer base, exceptional technical expertise and experienced sales team, Annotate.co is ready to scale.
Level £100k - 249k
Started: 2014Pre revenue: NoCurrent funding: Revenues, Self-fundedInvestment for: Sales & marketing, strengthening reseller & referral partner support. UI & UX enhancements, continued product development, including mobile and integrations
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Level £250k - 499k
BeamshareBeamshare aims to be a major player in the worldwide video production market. There are 10,000 production companies in the UK alone. Sending media to clients is a major headache which wastes time and money.Beamshare is an online platform that shortens video production times by 25% or more by simplifying collaboration between editors, producers and their clients. The first paying customers are delighted with Beamshare and the product is ready to launch to UK and international markets.
www.beamshare.com
Started: 2009Pre revenue: NoCurrent funding: Grant Funding, Revenues, Scottish Investment Bank, Self-funded, SMART AwardInvestment for: Launching Beamshare, capture a share of the worldwide video production market and growing revenues
Level £100k - 249k
Bad Idea Organisation C.I.CBad Idea exists to create equal opportunities through entrepreneurship. Described as life-changing, their university-accredited enterprise and personal development programme is tackling youth unemployment, which stands at over 73 million globally. Bad Idea have built a virtual learning environment, using advanced technology in digital education, to allow anyone, anywhere in the world, access to their services. Bad Idea has an exciting team of esteemed academics and executives with 200 years of experience. They are a pioneering social enterprise with partners established across Europe and North America.
www.badidea.org.uk
Started: 2013Pre revenue: NoCurrent funding: Accelerator Grant, Corporate Partner, Government Funding, Innovation Vouchers, RevenuesInvestment for: Match-funding is available up to 100k to strengthen the team and infrastructure in order to take their Learning Management System to market
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Level £250k - 499kLevel £500k - 999k
BizventoAs the next-generation event management platform, Bizvento is finally enabling event organisers to manage every event from one integrated platform. Powered by cloud computing infrastructure, mobile technology, and artificial intelligence, Bizvento is providing an innovative solution to address the holistic event management life cycle. Within the global events industry attracting 500 million people to 12 million events every year, Bizvento is empowering event organisers to extract actionable business insights from every event. Thus, allowing to continuously increase event ROI and improve audience engagement.
Bellrock Technology LtdElectricity demand is skyrocketing. Ageing plant and equipment is losing reliability, and intermittent renewables need flexible electricity systems. Bellrock Technology helps utilities keep the lights on. Its intelligent software, Lumen®, links legacy data systems to advanced analytics from innovators and R&D, massively improving support for operational decisions. It helps companies trade more profitably, extend asset lifetimes and avoid costly failures. Utilities will annually spend $3.8bn on data analytics by 2020. Our team has strong entrepreneurial, academic and industry board-level experience.
www.bizvento.comwww.bellrocktechnology.com
Started: 2012Pre revenue: NoCurrent funding: Grant Funding, Innovation Vouchers, Revenues, Self-funded, SMART AwardInvestment for: Business Development: Scaling UK sales and marketing activities, improve up-selling and cross-selling capabilities for existing customers
Started: 2012Pre revenue: NoCurrent funding: Collaborative Industry Funding, Grant Funding, Proof of Concept, Revenues, SMART AwardInvestment for: Strengthening management (Commercial Sales Director and Product Manager) and development teams to accelerate strategic commercial projects and core platform development
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Level £250k - 499k
Cojengo LtdWithout sufficient veterinary input and without decision support, livestock misdiagnosis and mistreatment are commonplace, East Africa wide this is a 10 billion pound problem. Cojengo are a software company based in Glasgow, creating mobile applications and cloud solutions to address animal and human health issues in the developing world. Cojengo’s market entry mobile app, VetAfrica, enables vets, animal health workers and farmers in East Africa to quickly and accurately diagnose and treat livestock disease and source the appropriate assistance.
www.cojengo.com
Started: 2013Pre revenue: NoCurrent funding: Angel Investment, Government Funding, Innovation Vouchers, Revenues, Scottish Investment Bank Investment for: Scale Kenya business, extend diagnostic app functionality, grow sales and development team, grow/expand operation to Uganda and Ethiopia
Level £500k - 999k
BubbalAccording to Forrester, 80% of brand executives want to add content personalisation to their marketing to increase sales, but don’t know how. Bubbal makes it fast and easy for any business to add content personalisation that boosts sales conversions cost effectively. Our platform and apps put the right content in people’s hands where and when they need it. Nominated by Forbes as one of the hottest lifestyle startups of 2015, we are looking for seed investment to get ahead in this emerging market.
www.bubb.al
Started: 2013Pre revenue: NoCurrent funding: Innovation Vouchers, Private Investment, Self-fundedInvestment for: Expand development team and exploit current sales opportunities
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Level >£2m
Comcarde LtdBridge, by Comcarde, is a mobile payments platform that enables low-cost transactions, simply and securely with no banking information stored anywhere in the system. Having raised £1.25m in seed funding, with a working system in live trials and a unique (and successful) launch strategy. Bridge is designed for the 5.2 million merchants who want to make and receive payments without cash or cards. Uniquely, Bridge does not generate revenue from transaction fees making it a much better deal for both bank and customer.
www.comcarde.com
Started: 2013Pre revenue: YesCurrent funding: Private Investment, Seed Funding, Self-fundedInvestment for: To launch and drive the UK rollout of Bridge, expand development and fund the Bank white label pilot projects
Level £100k - 249k
Cosneta LtdCosneta is changing the way that teams meet and collaborate. It has over 60 years of experience managing software products and is backed by an experienced board of directors. Cosneta software creates digital workspace by making networks from the screens people already carry with them, Smartphones, Tablets and PCs. Any document or application can be viewed and worked on, with collective output captured as a single document, available to all. Our platform is the only scalable solution connecting unlimited numbers.
www.cosneta.com
Started: 2010Pre revenue: NoCurrent funding: Angel Investment, Innovation Vouchers, Scottish Investment Bank, Seed Funding, SMART AwardInvestment for: Investment is required to fund growth and development into adjacent and international markets
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Level £500k - 999k Level £500k - 999k
Dimensional Imaging LtdDimensional Imaging Ltd supplies high fidelity 3D facial image capture and 4D facial performance capture systems, solutions and services to the entertainment and research sectors. The company’s world-leading DI4D solution provides more than ten times the fidelity of existing facial motion capture methods. Dimensional Imaging’s customers include some of the world’s largest electronic entertainment companies such as Electronic Arts, Sony Computer Entertainment and Valve Corporation, and leading research sector organizations such as Dallas Children’s Hospital and Imperial College London.
Flavourly LtdAs seen on Dragons Den, and approaching £1M in sales, Flavourly.com helps consumers discover the best, hard to find gourmet foods, snacks and craft beer from independent producers and craft brewers from across the UK. Often referred to as the gourmet version of Graze, they offer a monthly discovery service where they curate and hand pack boxes bursting with delicious gourmet goodies and deliver them to your desk or door. The Flavourly marketplace is then the easiest place on the web to re-order your new favourite products!
www.di4d.com www.flavourly.com
Started: 2003Pre revenue: NoCurrent funding: Angel Investment, Grant Funding, Revenues, Scottish Investment Bank, SMART AwardInvestment for: To accelerate penetration of the video games development and visual effects markets in North America and Europe
Started: 2012Pre revenue: NoCurrent funding: Angel Investment, EDGE Award, Revenues, Seed Funding Investment for: Investment will be used to scale user acquisition
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Level £500k - 999k
Giglets EducationGiglets Education is transforming educational experiences, making learning fun and liberating children’s learning globally with our proprietary software The Learning Cloud (TLC). Launched in September 2014 we have secured over 15,000 paying users. Giglets delivers a unique, innovative, web-based, e-reading and learning platform across the curriculum. Bringing educational texts to life using animation, music & read-along technology. TLC is being used in three continents, eight countries and nine languages having partnered with Governments, Corporate Giants, Schools, Teachers and Parents.
www.giglets.net
Level £250k - 499k
Glimpse LtdGlimpse transform sedentary digital tasks into healthy activity. Pioneering use of Gesture Recognition technology to prevent disease. At home and at work, Glimpse software facilitates interactions to encourage ~ Moving Well Every Day. Providing optimised health benefits to users based on their health profiles, Glimpse have over 20 years experience in health-movement, wellbeing and digital media production. Working with producers, developers and health experts from the US, Europe & Asia to bring unique Digital Health innovations to a global audience.
www.glimpseinteractive.co.uk
Started: 2012Pre revenue: YesCurrent funding: FFF, Government Funding, Innovation Vouchers, Self-fundedInvestment for: Expand and advance the business. Continue software development and media production. Hire of data specialist. Licensing. Initial marketing and sales
Started: 2011Pre revenue: NoCurrent funding: EDGE Award, Government Funding, Grant Funding, Innovation Vouchers, Self-fundedInvestment for: To support global growth, product development and acceleration. International sales partner development, continued content and technology innovations; infrastructure and IT team development
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Level £100k - 249k Level £250k - 499k
InclusIQ InstituteInclusIQ builds e-simulations to help managers practice tough workplace conversations, the kind that are vital to get right. Poor communications leads to sick days, lost productivity, frequent recruitment and re-training costs. It costs £30K just to replace even an average employee, and much more for professionals. More importantly, employees give more discretionary effort to managers who communicate well. Clients already include the Law Society of Scotland. Our team, with a track record in HR issues and IT product development, is ready to grow.
iWise2eBusiness LtdKokm will change the way that every company buys IT. Kokm replaces separate IT applications with a single slick mobile platform saving separate per user licence, integration, storage and hosting costs. Ultra disruptive pricing puts large enterprise IT within financial reach of SMEs. Targeting start ups to large multi nationals, directly and through IBM’s global distribution and UK Oracle Network. Founders Martin & Beverley Thomas have large corporate backgrounds with Chiene + Tate(Finance), Vialex (Legal) and have formed strategic relationships with Kaltura & IBM.
www.inclusiq.com www.kokm.com
Started: 2013Pre revenue: NoCurrent funding: FFF, Revenues, Self-fundedInvestment for: Building the team with a full time product manager, junior developer and sales and marketing hire
Started: 2010Pre revenue: NoCurrent funding: Government Funding, Private Investment, Revenues, Self-funded Investment for: Scale up & grow: build global sales and customer support, continue to innovate to stay in front of the competition
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Level £250k - 499k
Kajeka LtdKajeka provides software that enables analysts and enterprise businesses to derive competitive advantage from big data through faster, more informed decision making. Our core technology has been developed over a 10 year period with over £1million pound of research funding. The academic version of oursoftware already has over 5,000 users worldwide. Ourtools provide clarity from complexity, by providing a powerful visual interface where big data can beexplored, analysed and interpreted to uncover business critical trends and relationships.
www.kajeka.com
Started: 2014Pre revenue: YesCurrent funding: UP Accelerator Investment, SMART AwardInvestment for: Developing the core team, marketing and customer acquisition in the financial, pharma and media sectors where early traction has already been secured
Level £250k - 499k
Krotos LtdKrotos develops intuitive and essential software for audio professionals. Our first product, Dehumaniser is a software vocal processor that allows the production of studio-quality, imaginary creature and monster sounds, efficiently in real time using your voice. It turns a time consuming and expensive procedure into an enjoyable, creative performance. The software is being used by AAA game companies; Hollywood studios and top-notch post-production companies around the world. The next step is to grow the team, increase revenue and expand to different markets.
www.dehumaniser.com
Started: 2013Pre revenue: NoCurrent funding: EDGE Award, Fellowship Funding, Revenues, Self-funded, SMART AwardInvestment for: To grow the team, increase our revenue, expand to different markets and continue to create innovative software
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Level £250k - 499k Level £1m - 2m
Make it SocialMake it Social provide a B2B2C group booking platform for the travel and ticketing industries. Installing an integrated ‘Book with Friends’ button on their client’s website, a customer is able to invite friends, vote on dates and pay individually. The Edinburgh based team of 5 generates revenues via a commission and subscription. In a market worth $150bn, research shows that 89% would have booked a second group trip if it was easier. Our vision is to bring this untapped revenue to the market.
MallzeeMallzee allows shoppers to hold the high street in their hand and find great products from over 100 retailers. The personalised approach uses a ‘Tinder’ style interface that makes browsing fun but generates a huge amount of consumer data. Already in 2015 Mallzee have announced a deal with Samsung and more than doubled their user base. This growth in usage and consumer data has supported the launch of a new alpha insights platform for retailers to understand their customers and products better. The young company is well on the way to becoming the go to mobile shopping destination and a vital partner to retailers globally.
www.makeitsocial.com www.mallzee.com
Started: 2013Pre revenue: NoCurrent funding: Angel Investment, Development Grant, FFF, Government Funding, Innovation FundInvestment for: Increase sales, marketing and development teams to take advantage of market opportunity
Started: 2013Pre revenue: NoCurrent funding: Angel Investment, EDGE Award, Grant Funding, Private Investment, Revenues Investment for: This round of investment will support international growth (Europe and Asia) and development of our analytics platform
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Level £250k - 499k
Miituu LtdMiituu aim to be the de-facto platform for organisations to record, manage and publish video. Video can be costly, difficult and time consuming and film crews intimidating. Using Miituu organisations can create video for everyday use, by circulating questionnaires and prompting people to respond from their own devices. Recordings are easily published into videowalls, emails, social media channels, intranets and websites. Experienced Management and Seed Angel Investor team. Blue-chip customer reference sites. Multi-sector, international market and channel growth opportunities.
www.miituu.com
Started: 2013Pre revenue: NoCurrent funding: Angel Investment, Grant Funding, RevenuesInvestment for: Funding to drive growth in the UK business communications sector and develop Miituu platform for future multiple sector channel sales
Level £1m - 2m
My1loginMy1Login solves the problem of having too many passwords whilst making businesses more secure and more productive. My1Login are already selling to consumer and business customers around the world with 60% of our revenue from the UK and 40% from overseas. Revenues grew by 1000% last year and we are forecasting comparable growth over the next 12 months. My1Login are the only UK-based provider of these services and are now focusing on sales to mid-market and corporate businesses.
www.my1login.com
Started: 2007Pre revenue: NoCurrent funding: Angel Investment, Grant Funding, Private Investment, Revenues, Scottish Investment BankInvestment for: Following an intensive period of product development we are seeking to accelerate Sales and Marketing
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Level £250k - 499k Level £250k - 499k
nooQnooQ have developed software to transform individual, team & company productivity. Competitors such as Slack & Yammer suffer from message overload. We don’t. The vision for nooQ is to solve information overload by only showing you relevant information from in-boxes, activity streams, folders and key business systems using our innovative visual interface. nooQ team all have over twenty years experience in IT industry. Focussed initially on digital marketing and software companies to radically transform time spent on software & marketing projects.
OnyuOnyu is a brand new mobile platform for sharing your personal information with the people and businesses that need it; a secure place to manage all of the everyday details that you use to administer your life. Co-founders Luke Harte and Stuart Beattie have over 20 years in software and business development and have taken Onyu from an idea to a product in one year. Going forward they are exploring opportunities to link businesses with their customers via the Onyu platform.
www.nooq.co www.onyu.com
Started: 2012Pre revenue: NoCurrent funding: EDGE Award, Grant Funding, Innovation Vouchers, Revenues, Self-fundedInvestment for: Seed investment required for business development to accelerate growth, meet current customer demands, launch innovative products currently in development & enter new markets
Started: 2012Pre revenue: YesCurrent funding: Accelerator Grant, Grant Funding , Innovation Vouchers Investment for: Expand our development team, Create digital marketing campaigns Expand our server infrastructure
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PingGoPingGo revolutionises PR. Smart tools let you make news, control your communications and build your PR and marketing skills in-house. PingGo is a low cost cloud platform that helps startups and growing businesses tell their story. Easy to use interactive tools guide users step by step through the process of writing press releases, planning news and reaching journalists. PingGo is the brain-child of PR veteran Sarah Lee, created after 20 years of working with Scotland’s brightest startups.
www.ping-go.com
Started: 2013Pre revenue: NoCurrent funding: Innovation Fund, Self-fundedInvestment for: To hire the team, build the software and create a brand that will take PingGo global, securing first mover advantage
Level £100k - 249k Level £1m - 2m
RecipopRecipop simplifies supermarket shopping for brands and consumers around the world. Their technology increases marketing effectiveness for customers including P&G, Nestle© and Coca-Cola, whilst helping shoppers save money on the products they love. Co-founded by experienced digital marketer Richard Kelly and web development virtuoso Colin Brown, the core team of digital and development specialists is supported by serial entrepreneurs Steven Morris and Nick Jones. Further skills come from an advisory board of seasoned industry experts from Yahoo!, ZenithOptimedia and more.
www.recipop.com
Started: 2010Pre revenue: NoCurrent funding: Angel Investment, Grant Funding, Revenues, Scottish Investment Bank, Self-fundedInvestment for: To grow the team in order to accelerate scale and productisation in response to international customer needs
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Level £500k - 999k Level £250k - 499k
Savitur MetricsSavitur Metrics will be a leading global supplier forspectroscopic measurement systems for chemical plants, offering disruptive monitoring technology for quality control, efficiency and safety. Savitur has created the first affordable and accurate real-time monitoring system for liquids with particles, and is working with potential blue-chip customers in pharmaceuticals and speciality chemicals. Last year, Savitur won Converge Challenge 2014 after beating stiff competition.
Shot Scope Shot Scope is a smart wearable product that tracks golf performance. The patent pending technology automatically collects scoring & statistical data as a golfer plays. On completion of a round data is uploaded to the Shot Scope website or mobile app where statistics, analytics & maps detailing every shot are displayed in a graphical user interface. The golfer never pushes a button or performs an action that interrupts their game. Therefore the player remains focused.
www.shotscope.com
Started: 2015Pre revenue: YesCurrent funding: Investment for: Market launch, sales campaign, and to complete product design with our customer
Started: 2014Pre revenue: YesCurrent funding: Fellowship Funding, Grant Funding, Proof of Concept, SMART Award Investment for: Develop the Shot Scope commercial product and take it to market in January 2016
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Skyline SensorsSkyline Sensors will enable the growth of mobile robotics. They offer a new solution to the problem of safe control and navigation of self-driving vehicles on the road or in the air. Their patented technology has other uses which could have dramatic impact on precision agriculture and object detection. Co-founders Michael Mangan and Paul Ardin share academic expertise alongside experience of start-ups and business management at a senior level.
www.skylinesensors.com
Started: 2014Pre revenue: YesCurrent funding: Self-fundedInvestment for: Market research, pre-production prototyping and development of a commercialisation plan
Level <£100k Level £1m - 2m
STASIS LMPS LtdStasis is seeking to exploit the large commercial opportunity of providing electronics corrosion preventing equipment to the disaster recovery industry. The firms patented product, addresses a key problem of the industry, whose main pain point is the onset of corrosion within 24 hours on electronic equipment after a fire. Stasis Invention gives recovery technicians 336 hours, opposed to 24 hours, significantly increasing the potential for profits by allowing more time to recover equipment before corrosion renders them beyond economical repair.
Started: 2012Pre revenue: YesCurrent funding: Innovation VouchersInvestment for: Build a winning team, set up manufacturing, supply logistics, initiate marketing and sales
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Level £250k - 499k Level £1m - 2m
SwarmOnlineSwarmOnline are world leaders and recognised industry experts in mobile and cloud technologies. Based in the heart of Glasgow’s Digital Media Quarter, they use cutting edge technology to build solutions that disrupt markets and deliver results. They are specialists at creating and deploying mobile apps for field service that engage employees, digitally transform business and drive satisfaction levels. The senior management have a wealth of experience in the energy and smart metering markets which is a key focus for SwarmOnline.
Swipii Swipii’s aim is to empower independent retail businesses with the tools to deepen their understanding of and engagement with their customers. Our tablet-based loyalty platform lets businesses create custom, unique loyalty programmes, and allows their customers to use the same card or app at all Swipii locations. Businesses are able to monitor customer behaviour patterns, send email deals, and integrate with multiple social media and online review platforms. Swipii is backed by experienced SME retail expert and founder of 5pm.co.uk, Ronnie Somerville.
www.swarmonline.com www.swipiicard.com
Started: 2011Pre revenue: NoCurrent funding: Self-fundedInvestment for: The investment will be used to develop the products beyond prototype and bring them to market
Started: 2014Pre revenue: NoCurrent funding: Angel Investment, EDGE Award, Regional Fund, Revenues, SIE Best New Venture award 2014 Investment for: Increasing market penetration, building out Swipii’s team and preparing the company for internationalisation
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Level £100k - 249k
TreePressTheatrical publishing is broken. We’ve fixed it. Theatres, playwrights and teachers have long written inspiring material, yet are unable to distribute it. We’ve created an online hub for teachers, directors, playwrights and publishers. You can browse, compare and license plays from all over the world. iTunes transformed digital rights for music. Amazon empowered self-publishers. TreePress will do both for theatre and education. TreePress is led by Adrienne Ferguson and Laura Fisher. We have experience in education, theatre, technology and digital strategy.
www.treepress.org
Started: 2014Pre revenue: NoCurrent funding: Angel Investment, Crowd Funding, Revenues, Seed Funding, Self-fundedInvestment for: Ongoing product development, team growth, increase marketing activity to enable greater distribution
Level £500k - 999k
Urban TideCities and the increasing number of people who live, work and play within them produce vast amounts of disconnected data. Urban Tide supports cities to become smarter by building a data ecosystem. The U~SMART Data Platform will MINE, MANAGE and crucially MONETISE the value in city data automatically freeing it from the shackles of siloed systems. Members of the team that won £24M of public funding for Glasgow to be the UK Smart Cities Demonstrator founded Urban Tide in 2014.
www.theurbantide.com
Started: 2014Pre revenue: NoCurrent funding: Government Funding, Grant Funding, Revenues, Self-fundedInvestment for: Development of the technology that will deliver the U~SMART Data Platform to the global $1.5T smart cities market
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Level £500k - 999k Level £100k - 249k
WorkflowFMWorkflowFM applies innovative process modelling and verification techniques to help health and social carers improve their everyday tasks, maximize efficiency, and minimize errors. Preventable medical errors are among the top causes of death of hospital patients, costing the NHS £2.5 billion per year. The team works closely with carers and policy makers to breakdown everyday care processes and construct diagrammatic workflow models. These are then deployed as flexible, mobile IT solutions for the coordination and support of care teams.
Wooju Life is full of choices, from which jeans to buy to who to chat up, from what dish to order to which gig to book. Sometimes you need a little help deciding and this is where Wooju comes in. Simply snap a picture, ask a yes/no question and send to friends or ask the public to help make a decision. They vote, and you receive a poll that helps you decide what to do. It’s as simple as snap, ask, send and solve!
www.workflowfm.comwww.woojuapp.com
Started: 2015Pre revenue: YesCurrent funding: Research Council Funding, Self-fundedInvestment for: Expanding the team to scale up product and business development and gain market traction
Started: 2014Pre revenue: YesCurrent funding: Angel Investment Investment for: To add more team members, pay server bills and cover expansion costs
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Level £500k - 999k
Advanced Downhole Petrophysics LtdADP has a patented technology which tells oil-company geologists more about the rock formation around a reservoir. This has been demonstrated at the surface working with clients, and our ambition is to develop a downhole tool for use by oil service companies. This will provide real time information at the wellhead, allowing for more efficient extraction strategies. The team has experience of introducing new technologies to this market, in a VC backed firm.
www.magpiglobal.com
Started: 2013Pre revenue: YesCurrent funding: FFF, Innovation Vouchers, Proof of ConceptInvestment for: Sales & marketing; matching public-sector grant funding for prototype development; building team
Level £250k - 499k
CarbomapCarbomap applies state-of-the-art technology to the problem of measuring and mapping the world’s forests. They are pioneering both Multi-Spectral Canopy LiDAR (patent pending) and UAV LiDAR for efficient forest mapping in developing countries. These instruments are optimised to measure forest properties by combining the proven strengths of multispectral sensing with the 3D structural information from LiDAR.
www.carbomap.com
Started: 2012Pre revenue: NoCurrent funding: Angel Investment, Private Investment, Revenues, SMART Award, University Commercial FundingInvestment for: Capital expenditure and sales acceleration
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Level >£2m Level £1m - 2m
Dukosi LtdDukosi develop battery management and optimisation technology for electric vehicles. The core technology is called Evoic which is an intelligent component that sits on top of each battery cell. Dukosi is unique in providing a fully distributed intelligent-cell battery management system (BMS) which not only manages the battery safety but also greatly enhances battery performance. The technology, which is at the trials stage, is to be sold to electric vehicle battery pack manufacturers and OEM vehicle manufacturers.
Enocell LtdEnocell designs and manufactures ‘state of the art’ Fuel Cell stacks. The company’s patented I.P. describes the ability to enable ambient light to access the core of the cell. When the cell becomes photo-catalytically active the performance and lifetime (ROI) is dramatically increased. Enocell stacks will deliver the benefits of Methanol and Hydrogen fuel to primary and ‘back up’ power markets. By targeting markets such as in India, Enocell has generated considerable customer traction and plans to pilot products with end-users in 2015.
www.dukosi.com www.enocell.com
Started: 2003Pre revenue: NoCurrent funding: Angel Investment, Scottish Investment Bank, Venture CapitalInvestment for: Business development, scaling the business and preparing for volume production
Started: 2011Pre revenue: YesCurrent funding: Corporate Partner, Self-funded, SMART Award, University Commercial FundingInvestment for: Product development, test and validation. Customer demonstration Volume manufacturing process development in partnership with global Sub contractor. Product sales in target markets
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Level £500k - 999k
iPoweriPower is a social enterprise which works UK-wide and develops, funds and manages low carbon projects. iPower serves residential and commercial markets across the UK. Its vision is to create low carbon low cost local energy economies. iPower has secured £1m investment from Social investment Scotland and Big Society Capital to launch the UK’s first funded programme offering fuel cell CHP at no capital cost. iPower also has c30 MW solar farms under development. Managing Director Jon Cape has 30 years relevant experience.
www.ipoweruk.com
Started: 2011Pre revenue: NoCurrent funding: EDGE Award, Grant Funding, Private Investment, Self-fundedInvestment for: Project Finance e.g. for solar farm development
Level >£2m
mLED LtdmLED Ltd has developed a new generation of ultra-high brightness micro-LED’s with visions of truly enabling the nascent Wearables sector. Delivering brightness levels both 100 times brighter and 100 times more power efficient than existing technology these micro display devices (all in a miniaturised size) give next generation Wearables the edge. mLED has assembled a world-class team driven to address uniquely consumer/industrial opportunities relating to smartwatches, head-mounted and head-up displays, near to eye rugged computing all the way to digital printing and even lithography.
www.mled-ltd.com
Started: 2010Pre revenue: NoCurrent funding: Angel Investment, Scottish Investment Bank, Self-funded, SMART Award, Venture CapitalInvestment for: Series A funding to exploit immediate international demand, scale the business and accelerate profitability
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Level £1m - 2m Level £500k - 999k
NetThingsNetThings has developed an “internet of things” platform that connects devices to be monitored and controlled over the internet. The company specialises in energy management solutions to help SMEs become more energy efficient. UK SME’s use 46% of their energy outside of normal business hours and much of this is simply wasteful usage. More than half of these companies have no energy saving measures in place at all. NetThings has designed an affordable, uncomplicated and easy-to-use, web-enabled systems to help address this challenge. The NetThings Click family allows customers to quickly gain insight to, and control over, their energy consumption at minimum cost and effort.
PlanSea LtdPlanSea provides optimisation/cost efficiency software, previously successfully deployed in other sectors, for the £40 billion annual cost global offshore oil and gas support market. The two founders are an oil industry veteran (Jim Cargill) and a Robert Gordon University professor (John McCall) with complementary skills and long experience in their sectors. Support from an experienced and respected Chairman and software team has also been put in place. Industry interest is already resulting in contracts for the products.
www.netthings.co.uk www.plansea.co.uk
Started: 2007Pre revenue: NoCurrent funding: Angel Investment, Grant Funding, Private Investment, Proof of ConceptInvestment for: We are seeking additional funding to ramp to mass production and product development to support new lucrative markets
Started: 2014Pre revenue: YesCurrent funding: Self-funded, University Commercial FundingInvestment for: To bring software currently in development to a fully market-ready position
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Level £100k - 249k
Relume Design LtdRelume Design’s vision is to be a leading creator of innovative lighting products for global markets. Their fibre optic technology, ZeroVolt, creates new possibilities for lighting designers by easily and efficiently delivering light without electricity, heat, or need for maintenance access. Relume Design also develops end-use consumer products that leverage the benefits of their technology. Donald and David McNaught (father & son), have developed these products from concept to being production ready.
www.relumedesign.com
Started: 2012Pre revenue: YesCurrent funding: EDGE Award, Innovation Vouchers, Self-fundedInvestment for: To fund production, launch first products, and recruit production, marketing and sales staff to accelerate growth
Level £250k - 499k
Town Rock EnergyTown Rock Energy is Scotland’s first geothermal energy company. We are positioned to become the commercial leaders of Scotland’s emerging geothermal energy industry. Our mission is to assess, access and exploit the abundant geothermal resources of Scotland’s geology, to provide zero-carbon, 24 hour renewable heat to industrial, commercial and domestic energy users via district heating networks. In addition we’re actively looking to enter the accelerating international geothermal energy industry, with key contacts in Africa and the Middle East already acquired.
www.townrockenergy.com
Started: 2013Pre revenue: NoCurrent funding: EDGE Award, Grant Funding, Innovation Vouchers, Revenues, Seed FundingInvestment for: To grow a team of talented individuals who’s skills and experience equips them to provide geothermal energy consultancy and project facilitation internationally
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Water Engine Technologies LtdThe Water Engine creates safe water and renewable electricity. Our patented technology works at high efficiencies in river and tidal environments without the need for complex maintenance support and with minimal ecological impacts. We are using the UK renewable energy market as a springboard to commercialise the Water Engine for use in Africa and Asia where there are over 500 million people who do not have safe water and 1.2 billion who have no access to electricity.
www.silverhydro.co.uk
Started: 2014Pre revenue: YesCurrent funding: Innovation Vouchers, Private Investment, Self-fundedInvestment for: Construction of first 15kW Water Engine in the Scottish Borders and the expansion into international markets