Wednesday 25th January saw the first ever Startupbootcamp IoT | Connected Devices Demo Day take place at Oval Space in London – with nine startups, all of whom are developing an ‘internet of things’ enabled device, pitching their companies to a room of over 300 investors, partners and mentors (not to mention the 7,000 people online viewing through a Facebook live stream). Having been originally selected from 425 applications, our teams showcased work from across a broad range of IoT applications, from the Industrial IoT through to the smart city and EdTech.
In the past three months our startups have been able to call upon the knowledge of industry experts and mentors to help them validate, build and grow their business. The majority of them now boast second versions of their device, with many running successful pilot programs and beta tests with users, and some even securing their first paying customers.
The speed at which this year’s cohort has progressed has been extremely impressive, something Raph Crouan – MD of the Startupbootcamp IoT | Connected Devices program – commented on: “In the past three months we have been working alongside nine startups who really are making the future. Each team blends high-quality engineering and technical ability with strong business experience, something which is essential to any startup pushing IoT forward. They’ve worked very hard but this is just the beginning for them. We’re looking forward to supporting them in the coming years and will be working hard in the next few months to help them secure their first round of funding and grow their customer base through successful pilot programmes and corporate partnerships.”
The day began with an inspirational keynote speech from CEO and founder of Bragi, Nikolaj Hviid. Bragi introduced the first smart Hearable to the world in 2015 called The Dash and have won numerous international awards, including Best of Innovation at CES 2015 and 2016. Few know more than Nikolaj about the challenges and rewards that come from developing a piece of connected hardware, and so it was fantastic to have him with us to act as a demonstration of what’s possible in the world of IoT and hardware.
Reflecting on the day Nikolaj said: “We stand before the 4th computer revolution. How computers look and are used will fundamentally change in the next decade. I’m excited to be part of that revolution and am thrilled to see others joining that revolution at Startupbootcamp.”
Each of our nine startups then showcased their startup one by one, demoing their device with a brief 30-second video (you can see all of their videos here) before being introduced on stage by one of the mentors they have been working closely with for the past three months. This was all the warm up to the main event though… Their pitch.
The quality of storytelling was exceptional, with our nine startups demonstrating value propositions that went far beyond just a simple piece of hardware. Many are building platforms, subscriptions and marketplaces on top of their device, with all our startups able to demonstrate real traction within their specific markets.
— Tech City News (@TechCityNews) January 25, 2017
After each team had pitched all that was left was for Raph Crouan to thank our program partners and mentors who have supported our startups so diligently during the program, before revealing each of the startup’s devices to the side of the room and raising a glass to the nine startups making the future.
Following the success of the past three months applications for Startupbootcamp IoT | Connected Devices next 3-month program (which begins in September) have already opened on f6s. Startups working on a connected device are encouraged to apply, with the team particularly looking for high-impact IoT solutions across both consumer and industrial IoT.