Technology that uses biosignals and machine learning to detect and monitor cardiac conditions and sleep disorders via a wearable patch, a startup that uses data to inform energy strategy, and a central hub making it easier for consumers to discover the TV content they love. These are just some of the transformative technologies that the next cohort of startups will bring to Data Pitch’s next accelerator programme which begins this month.
The 29 new startups bring the total number of Data Pitch companies to 47, each receiving up to €100K equity-free funding, expert mentoring, investment opportunities, and access to data from established businesses and the public sector.
Elena Simperl, Professor at the University of Southampton and Data Pitch Project Director, welcomed the new startups, said: “We are excited to introduce our next cohort for the Data Pitch programme. Our first group of 18 startups, who graduated in July 2018, has so far generated over €6 million of value in sales, investments and efficiencies, and is already beginning to create powerful new data-enabled business models.
“Their success demonstrates that we are creating an innovation ecosystem for Europe, where larger, more established organisations work closely with agile startups to innovate and learn from each other.”
The companies pitched their ideas for the first time at our launch event held at Google for Startups Campus in London, and met our data providers, including the UK’s national weather service the Met Office, multinational technology giant Konica Minolta and global packaging provider Greiner.
The event also featured a panel discussion on the lessons learned so far, the benefits of the Data Pitch model and the barriers it has encountered. Representatives from academia, industry, and Government discussed innovations and policies around the use of shared data.
Panel guest Sarah Cameron, Legal Director at Pinsent Mason, said: “Many people hold the opinion that legal frameworks are inhibitors to data sharing, when really their role is to enable it. Through the right legal processes, we can facilitate trustworthy data sharing relationships that can lead to real societal and economic impact.”
Christian Mittermayr, Project Manager at Data Provider Greiner Packaging added: “Two of the main obstacles to corporates sharing their data with startups is credibility and trust. The Data Pitch programme is perfectly placed to overcome these barriers by working with corporates to identify their business case and then helping to negotiate agreements that build trust with innovate and solution-oriented startups.”
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