South West News #17
Our South West tech news round-up aims to give you an insight into the latest tech news specifically in the South West. If you enjoy this, make sure to sign up to our email list to receive updates on more content like this!
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Clean-Tech Start-Up Secures £142K
A clean-tech start-up based in Bath has raised £142,000 in a pre-seed funding round.
Greener will use the boost to take its algorithmic matchmaking platform live and advance its mission of making sustainability accessible and affordable for small businesses.
Part of the cash came from the Innovate UK Sustainable Innovation Fund. Co-founder Dan Yates said: “Research has shown that the vast majority of small businesses want to incorporate more sustainability into their practices, but we knew that the existing methods and processes were too time-consuming, too complicated and too resource-intensive for them to implement. We also knew that SMEs are the driving force of the economy, especially in the food and drink industry.”
Source: Insider Media 2021
Deep Tech Resources to Know About in Bristol
For science and engineering based startups, getting off the ground and commercialising your idea can be challenging.
Knowing what support is around is half the battle, so Dr. Andy Collins, lecturer at the University of Bristol’s QTEC, and Business Development Associate for the Quantum Technologies Innovation Centre has put together some initial deep tech resources you could turn to.
QTEC is a pre-incubation programme for academics and early-stage businesses to develop their quantum and deep tech businesses. Each year, QTEC offers scientifically minded individuals the training and support needed to develop their technology idea into viable business opportunity. Over the past four cohorts, QTEC has supported the creation of 31 new companies based on technologies which underpin quantum industry.
Source: TechSPARK 2021
Weathernet Acquired By South-West Based Claims Consortium Group Entrepreneur
South West-based technology and data company, Synergy Cloud – part of Claims Consortium Group – today announces the acquisition of the majority stake in WeatherNet, the foremost weather data provider used by 90% of the insurance industry. The Synergy Cloud deal with WeatherNet completed at the end of April for an undisclosed sum.
The move represents the further expansion of the data and technology arm of the Claims Consortium Group business, highlighting where the Group sees future growth opportunities as it builds upon its strong-hold providing data and software solutions to the UK insurance market and beyond. CEO and Founder of Claims Consortium Group, Jeremy Hyams, comments: “We are thrilled to welcome WeatherNet to Synergy Cloud and the Group. As one of the most recognised and respected technology brands in the industry, the WeatherNet team have been pioneering claims data for over 25 years. The acquisition supports the Group’s wider growth strategy, enabling us to add a new dimension to our technology portfolio.”
Source: Business Leader 2021