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EXCLUSIVE: IoT startup ThingTrax gets over £250,000 in Seed funding

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Startup Weekly: Mozilla’s $250,000 innovation challenge, Breed Reply cohort & more

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Here’s your weekly round up of startup competitions, awards, co-working space and accelerator news.

Mozilla Innovation Challenge

Mozilla has announced the launch of their global Equal Rating Innovation Challenge to identify creative new solutions that will help bridge the gap between the connected and unconnected.

These solutions could range from consumer products and novel mobile services to new business models and infrastructure proposals.

EXCLUSIVE: IoT startup ThingTrax gets over £250,000 in Seed funding

Mozilla will award $250,000 in funding and provide expert mentorship to bring these solutions to the market.

The official submission period will run from 1 November to 6 January. All submissions will be judged by a group of external experts by mid January. The selected semi-finalists will receive mentorship for their projects before they demo their ideas in early March. The winners will be announced at the end of March 2017.

Breed Reply cohort

Breed Reply, Reply’s IoT investor has announced the four startups to have joined its portfolio, which now houses 15 companies in total.

The startups are as a follows:

Callsign: has built am authentication platform for enterprises, financial institutions and consumer facing web companies.

Iotic Labs: have created Iotic Space, a trusted environment where anything can interact with anything.

RazorSecure: a solution for difficult to manage small scale/IoT systems in harsh environments

Senseye: PROGNOSYS by Senseye helps manufacturers avoid downtime and save money.

Applications for Best in Breed 5 are open until the 26th of October.

Emerging Payments Awards 2016

London-based financial technology startup Curve was named ‘The Leading Payments Startup’ at the 2016 Emerging Payments Awards, held in London this week.

Revolut was also recognised during the event and walked away with the ‘Best New Customer Facing Innovation’ award.

Welsh startups in London

Six innovative tech startups from Wales pitched to investors in London this week.

Participants included:

Delio: an investment platforms that connects high net worth clients with private market investment opportunities. Delio is working towards a connected private market: a series of platforms that will allow deal flow to be shared across institutions.

DevOpsGuys: software that helps make organisations more agile, scalable and responsive by streamlining IT functions, and freeing companies from the burden of ‘technical debt.’

Echosec: software that searches social media based on location and paints a picture of events as they unfold in real-time.

Elidir Health: which has developed ‘CHAI’ – an app which slashes hospital waiting times and puts important information at the fingertips of nurses, meaning they spend less time on paperwork.

Learnium: a social learning platform that enables students and teachers to connect, communicate and collaborate online, and aims to create a global learning network with people from all around the world connecting to learn.

Wealthify: an online investment service that uses technology and smart algorithms to democratise investing.

That’s it for now … until next week!

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