Matthew Hancock, Minister of State for culture and the digital economy, said: “Government investment in the IoTUK programme is helping develop the next generation of technology which will power our economy and transform peoples' lives. This latest funding boost will help companies bring their fledgling Internet of Things ideas to market and take advantage of emerging global opportunities.”
Startbootupcamp believes the investment will help its startups to develop early IoT market advantage, and bridge the gap between the development of a hardware prototype and commercial viability.
Raph Crouan, managing director of Startupbootcamp IoT, pictured, commented: “There are some great hardware startups and IoT technologies being created in the UK at present. Now we’re looking to really develop this ecosystem, and government support will help us to take our program to the next level.”
The accelerator programme, which begins this October in London, will work with ten startups, developing IoT devices ranging from the connected home to smart manufacturing. The programme provides each startup with €15,000 in cash, office space in London connected to a full fast prototyping lab, and access to a global network of IoT and hardware experts and investors. At the end of the three-month acceleration period, a public Demo Day will be held, with each of the ten startups pitching in front of investors, angels and VCs.
More information at: http://www.newelectronics.co.uk/electronics-news/accelerator-programme-boots-iot-startups/144435/
