Digital Shadows are delighted to be among the winners for Innovate UK’s £1m Internet of Things Launchpad competition.
The winners represent some of the most exciting early stage companies in the Internet of Things space. Based in London and Cambridge, the companies will share grant funding of up to £1m.
The Internet of Things (IoT) describes automatic ‘smart’ communications between objects – rather than between people using computers and mobiles – through the internet. Market projections suggest the industry will comprise of 26bn devices by 2020, rising to a trillion by 2025. It is predicted to become a $500bn global technology market by 2019, supporting an even more extensive market for products and services.
Innovate UK’s Launchpad competitions target investment and support at existing business clusters to have emerged in particular areas, in this case digital industries in London and Cambridge.
During the selection process the panel looked for pioneering projects, taking Internet of Things activity into innovative new areas. The winning projects are:
As part of this project, Digital Shadows will work on a project to identify, enumerate and attempt to mitigate some of the IoT-related security risks facing businesses, cities and individuals.
Find out more about this exciting project: http://www.wired.co.uk/news/archive/2014-12/18/innovate-uk-funding