The Transport Systems Catapult, Telefónica’s innovation arm Wayra UK and innogy Innovation Hub, an affiliate of German energy company innogy SE and have come together to grow innovative businesses in the UK in a new London-based programme.
“Scale-Up Hub” will focus on growing small and medium-sized businesses in areas such as future energy, urban solutions, customer experience and connected technologies. It represents a significant international investment in the UK’s rich ecosystem of technology and digital innovation which will create jobs and growth through the development of new market leaders in emerging technologies.
The businesses initially joining the Scale-up programme are developing products that include alternative personal transport in cities, a digital solution providing rapid legal advice for businesses, solutions that make existing dumb buildings smart and software that understands human behaviour across cities.
innogy Innovation Hub provides funding, mentoring and a co-creation platform for the technologies and businesses that have the potential to redefine the energy market of the future. With teams in London, Silicon Valley, Berlin and Tel Aviv, it has supported over 80 companies and created a portfolio valued at €150 million.
The programme will also feature collaboration with the Energy Systems Catapult and Future Cities Catapult in order to take full advantage of Innovate UK’s Catapult Network and provide access to a wide-ranging innovation ecosystem to help develop international and domestic business opportunities.
Annemie Ress, Managing Director for innogy Innovation Hub in the UK, said: “At the innogy
Innovation Hub we look to support businesses and technologies from across the world with the potential to shape the energy market of the future. The UK is obviously a key market for our portfolio of start-ups and we are excited to partner with Wayra to give them the mentoring and networking opportunities that will help them reach their full commercial potential in the UK and beyond.”