finance

First cohort of companies selected for Internet of Things accelerator



The first cohort of Internet of Things (IoT) companies have been selected for Filament STAC’s Smart Things Accelerator, an 18-month programme which commences at Skypark in Glasgow on 11 October.

The start-ups include a business developing ‘counter-drones’, a new venture that produces wearable devices to help babies sleep, a firm whose technology can predict when boilers are going to break down, and a solar energy specialist helping farmers heat their water supplies for free.

Filament STAC was launched in August as an industry/government partnership aimed at producing Scottish IoT companies capable of scaling and competing on a global level.

It has a three-year target to create more than 25 IoT companies, supporting around 750 jobs, reporting revenue in the region of £750m, with cohort companies raising investment in excess of £100m.

The initiative is supported by Scottish Enterprise, CENSIS – Scotland’s innovation centre for sensing, imaging and IoT technologies – Plexus Corp and Glasgow-headquartered product design firm Filament.

The full list of companies selected for Filament STAC’s first cohort are:

  • Acu-Flow (trading as Nebu-Flow), which develops nebulisers for inhalation drug delivery.
  • Lupovis, a cyber security specialist.
  • Gibson Robotics, which is developing drone technology to protect airspace from aerial threats.
  • Toto Sleep, a wearable device for infants that tells parents when their babies are ready to sleep.
  • Lynkeos, which develops imaging algorithms to reconstruct density maps within shielded objects including nuclear waste containers.
  • Radisoft, a Glasgow-based business which produces sensors that predict gas boiler breakdowns.
  • WashR, which is addressing the environmental impact of single use cups.
  • Jirasoft, an Aberdeen-headquartered IoT asset tracking developer.
  • BGR, a gym and home training sensor technology start-up.
  • 5G3i, an industry 4.0 solutions provider.
  • Soltropy, a solar thermal technology specialist.

Filament STAC, which plans to open international offices in Singapore and Canada over the next two years, is also set to announce a series of additional Scottish, UK and international partnerships over the next few months.

Its chief executive Paul Wilson said: “We always knew there was great early stage technology talent in Scotland’s IoT space, and that’s been borne out in the companies we’ve been able to select for this first cohort.

“Our aim is quite clear, we want these companies to become globally competitive within two years, capable of exporting across the world and stacking up against the best players in their respective markets.

“We have secured some really interesting partnerships with more in the pipeline, including with some of the biggest technology companies on the planet, and that’s going to be a big differentiator for Filament STAC going forward.”

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