We are proud to be delivering the Internet of Things Accelerator (IoTA) Programme in Cardiff, Wales. Backed by Innovate UK the programme beings on 11th January 2018 with an investor event hosted on the 11th April 2018
We are looking for the best IoT companies to apply today!
About the programme
The Internet of Things Accelerator Wales (IoTA Wales) is a national first. If you’re a small company with a big idea which could drive the evolution of IoT, this programme can bring investment, intensive training and invaluable contacts that can help you make Wales and the world a smarter place.
A brainchild of Innovation Point, The Accelerator Network, Barclays Eagle Labs, Inspire Wales and the Development Bank of Wales, the programme will see 10 promising companies receive a£50,000 cash injection in financial support for 10% equity, alongside considerable business support including access to world-class training and mentoring in vital areas of IoT and business development, and use of a creative office space in the heart of Cardiff.
What does the programme offer?
In addition to £50,000 investment, each chosen company will receive over £70,000 of support which includes:
Specially designed curriculum for IoT firms from the UK’s leading Accelerator programme provider, The Accelerator Network with over 70 hours of training and mentoring for each company
Dedicated shared office space for the cohort within the new Barclays Eagle Lab throughout the programme with opportunity to stay on within this new space dedicated to IoT firms
In-kind support designed to ‘Accelerate’ the businesses such as engineering support from Sony Manufacturing and Cardiff University, test-bed and gateways from Pinacl, and membership of Tech UK – the UK’s tech trade body with other 900 members.
A demo day focused on introducing you to potential sources of follow-on funding securing follow-on funding in April 2018, with investors lined up ready to take a look.