Nine IoT companies, including businesses from New York, Copenhagen and Dublin now located in Wales, are to present their business case ‘Dragon’s Den’ at an exclusive investor event, to an audience of seasoned global Venture Capitalists and Angel Investors on Wednesday 11th April.
The exclusive invite-only event will drive investment into Wales from a slew of international investment companies, attracted to Cardiff by the opportunity to invest in high-quality start-ups operating in the growing Internet of Things sector.
The new Internet of Things Accelerator (IoTA) Wales, the brain-child of leading digital business support specialists Innovation Point, is being run out of the new Barclays Eagle Labs facilities in Cardiff. The programme, which has already injected more than £1m of cash and support services into the nine pre-selected companies, is the first of its kind in Wales and aims to match millions of pounds of Venture Capital and Business Angel equity investment from London to these nine companies.
The IoTA assists and amplifies high-growth, condensing the several years it usually takes a new venture to become investor-ready to just a few short months. This is achieved by injecting immediate cash into the businesses, providing intense mentoring and supplying other high-quality business support services via a tightly controlled programme.
The cohort of companies comprising the IoTA are Awen Collective, Emsol, F&W Insights, Haandle, Immersity, iPoint Technology, Mobilized Construction, Tendertec Limited and VRGO.
The first IoTA Wales programme is being supported by a network of leading global partners, including key partners Development Bank of Wales, Barclays, Inspire Wales and The Accelerator Network, and is currently operating for twelve weeks. Supporting partners include Airbus, Breed Reply, Cardiff University, ESTnet, Grant Thornton, Eversheds Sutherland, Pinacl, RS Components, Sony, Sorenson and Angel Invest Wales.