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Identifying the top 50 emerging UK innovations

Now in their third year, the Annual Penrose Innovation Awards are a showcase of world-class entrepreneurs and innovations, offering a birds-eye view on emerging technologies from across the UK

 

I can’t remember when last I was in the midst of so much talent and groundbreaking ideas.
— Roro Oyegun, VP at Macquarie Capital
 
 

Penrose Awards Nominees 2017

Top 50

 

Anon . . .

Data leaks and hacking now costs businesess billions. Anon is an AI-driven data workflow system, automatically making content anonymous and legally compliant, without businesses having to think about it. User data is constantly at risk from hackers, leakers, and human error. The anon system promises to anonymise this information automatically, keeping necessary information in context for effective use, as a new enterprise workflow tool: anon.ai

Arborea . . .

The world’s first man-made photosynthetic paneling system, the Arborea “BioSolar Leaf” is a terraforming technology that fixes CO2, and removes harmful air pollutants, while producing oxygen from water and sunlight. This scalable and affordable silk-leaf technology can remove CO2 waste as a synthetic photosynthesis product. Major polluting cities like London, Mumbai, and New York could become oxygen producers (urban levels can be as low as 12%-15%, where 21% is the natural oxygen level). Arborea’s leaf panel system can be framed and mounted on ‘non-agricultural lands’ including wasteland and rooftops, and hung vertically - creating ‘metabolic buildings’. This game changing technology can help reverse climate change, and re-forest ‘impossible’ landscapes. Next stop - Mars: arborea.io

BoldMind . . .

Smart digital billboards; the world's first dynamic advertising campaign technology that responds to local factors like weather, footfall, demographics and time of day, allowing for much more effective media campaigns. The platform is enabled by big data and AI, having taken 4 years R&D to develop. Intelligent messaging at street level makes consumers happier, and decision making easier. This next generation technology analyses impressions, demographics, response rates, and costs per view; granular insights unheard of in advertising until now. It enables intelligent retail pricing and management, as brands use the Boldmind dashboard to respond to specific scenarios: boldmind.co.uk

BuildPath . . .

BuildPath make it 10x faster and 10x cheaper for customers to get the architectural advice and output they need for their home improvement projects. They produce design concepts, support planning applications and connect consumers with the professionals required to complete the build. You can easily create 2d floorplans, and 3d visual packages on the platform, and get a free construction cost estimate. It makes residential architecture faster, simpler, cheaper and more accessible. At scale it has the potential to bring transparency, and price efficiency to the self-build market, giving people the confidence, tools and contacts needed to execute their home improvement vision: buildpath.com

Buyerdeck . . .

The world's first B2B content collaboration portal for sales people and their buyers. It allows businesses to create centralised communications, extraordinary buyer experiences, and measure activity in granular detail. Their technology can be used to relentlessly growth hack, and drive sales productivity, with a birds-eye view on performance: buyerdeck.com

Chargy . . .

Chargy converts any street lamp into a vehicle charging station, and a revenue source for cash strapped local authorities. This ingenious solution will help enable the EV to scale; it is otherwise bottlenecked by a relatively low provision of on-street charging stations. Chargy’s proprietary charging kits can quickly and easily fit on any standard lamp post, with all the latest payment and remote management tech built in. A no-brainer for local authorities and those looking to upgrade their car to hybrid or full EV: char.gy

Codec . . .

Digital empathy technology, with as a suite of AI-powered marketing tools, that help companies to intimately understand their audience before investing in content. Codec's promise is to understand consumers upfront, helping businesses to design messaging that resonate, and get results. This is growth marketing on steroids, demonstrating remarkably effective results, having doubled sales with Eve Mattress (as an example client) on the back of Codec’s campaign advice: codec.ai

Commuter Club . . .

An ingenious travel club for commuters who spend £thousands per year on trains, helping them to lock in the very best travel rates; bagging annual travel tickets, without the upfront cost, while saving £hundreds oney in the process. Commuter Club structures this as an affordable debt product (cheaper than normal ticket cost), with an extraordinarily low risk profile for their investors. Commuters need to get to work. It opens up a £multi-billion market opportunity at scale, that keeps commuters happy, and train operators in the black: commuterclub.co.uk

Deposit Doctor . . .

A no-brainer insurance product for new build property buyers, that allows you to secure an off-plan home at a fraction of the normal upfront cost. Deposit Doctor is an insured bond; eliminating the risk for developers, while accelerating their cash flow. It bridges the funding gap for many buyers, who struggle month on month to save for a deposit because of rising rents, and rising house prices. Improving cash flows for house builders could significantly improve the UK’s housing productivity crisis, giving developers the certainty they need to get on with building the new dwellings needed: depositdoctor.com

Desktop Genetics . . .

Genome editing made easy. This industry-leading CRISPR design platform gives genetic scientists powerful new tools to modify genetic material. This breakthrough will help us to understand the mechanics of biology, and make adjustments to the building blocks of life. The genetic code genie is officially out of the bottle: deskgen.com

Drygro . . .

The Drygro system grows crops using 99% less water. This hyper efficient agricultural technology has the potential to scale agriculture in desert conditions. Drygro is pioneering agricultural technologies that push the boundaries of food production, opening up new possibilities to improve local economies, food security, crop diversification, and to reduce the frightening rate of desertification: drygro.com

Engenie . . .

The first rapid charging electric vehicle network operation in the UK, giving electric vehicles a full charge in just 30 minutes. Rapid charging addresses the problem of quick turnaround requirements for commercial fleets... and private drivers on extended journeys. With charging technology like this, the promised revolution in electric vehicles becomes reality: engenie.co.uk

Exaactly . . .

Smarter supply chain technology, linking couriers directly with consumers via a digital address that moves with them. Exaactly provides a much more personalised delivery experiences; customers can save their delivery preferences, including detailed instructions for how couriers can find them and where to leave parcels when they are not there. This reduces failed deliveries, improves customer satisfaction, saves carriers time, and improves brand loyalty for retailers: exaactly.com

Farewill . . .

Farewill lets you create and update a Will in seconds. It can be revisited any time and easily changed, without the input of a solicitor. You can upload or link digital content as well as online account information, which gets automatically delivered after you’ve passed away. Their automated legal platform is set to disrupt the expensive, slow, incumbent legal services market; saving you time, money, and hassle: farewill.com

Felcana . . .

Felcana is next generation digital pet healthcare - IOT medtech for pets, created by vets turned entrepreneurs. It helps owners to be better 'pet parents', and helps vets to spot health problems in real time. Their launch product range gives veterinarians detailed information on animal behaviour; including eating, drinking and exercise habits, promising to dramatically improve pet insurance, and the costs of looking after a pet. Pet owners are able looking after an animal that’s otherwise impossible to monitor while away at work: felcana.com

Flint . . .

A breakthrough computer Operating System with potential to disrupt the OS market dominance of Apple and Windows. It is an elegant browser-based computer Operating System, for schools & universities, retailers, SMEs and corporates, who spend $billions on licensing, viruses and security patches each year, and struggle with expensive, painful legacy issues. Flint is slick, fast, cheap and universally available; distributed online. They have an infinitely smaller cost structure, so can afford to compete aggressively on price; a major win for users who just want their machines to work. Flint enables cheap computer upgrades for large users (like schools/universities), and the rapid roll-out of IOT hardware. There’s zero friction for users wanting to continue using Mac OS or Windows in parallel: fintos.io

Genetrainer . . .

Genetrainer is the world’s first fully automated, genetically-guided fitness product. The platform provides you with personalised training plans, exercises and advice based on the predicted differences in response to exercise derived from your own DNA, giving you a faster and more measurable way of achieving your individual training goals. It has been pioneered with elite rugby athletes as users and investor, helping them to recover faster, and train smarter: genetrainer.com

Globechain.com . . .

Globechain is a unique online platform for up-cycling unwanted items, bridging the gap between 1,000 companies like Nandos and Skanska, and people who can re-use items otherwise discarded, from furniture, to plant, to office resources. The circular economy is expected to be worth £1 trillion by 2025. Globechain have pioneered a remarkable Pay to Give, Take for Free business model. Corporates and retailers pay to upload and give items away (writing off against tax). Charities, small businesses and individuals can reuse those items away for free: globechain.com

Hackscience.io . . .

Hackscience brings scientific research to the world faster with affordable lab automation, cutting down on millions of man hours at scale, enabling faster and cheaper laboratory studies that could change the world. Far too much skilled labour time is used up by unskilled tasks that can now be automated cheaply. Repetitive science laboratory work can now be done with the help of intelligent machines that are programmable on your smartphone or desktop, so that scientists can focus on the big problems, rather than manual labour: hackscience.io

Hadean . . .

"Put a supercomputer into your laptop". Headean’s record-breaking cloud supercomputing technology enables petascale computing on petabytes of data. Hadean is the only distributed computer platform that lets you run algorithms at massive scale with zero engineering. It’s an operating system for Big Data that lets a developer write code that runs at any scale, with zero ops, and zero tuning. It enables furiously ambitious software to be written, and run on the cloud, reducing technical barriers for startup and enterprise innovators alike: hadean.com

Inventtory . . .

Most registered intellectual property has untold value... It is off-market, unseen, and unused; blocking anyone else from commercialising it. Inventtory.com views these monopoly rights as a new asset class, that can be traded and put to commercial use through their new IP Exchange. Now buyers and sellers of idle IP can effortlessly trade patents, designs, plants and copy, bringing down the barriers for global IP trade. Inventtory could open up a new $multi-billion market, with viable designs and inventions exchanged with people and organisations that know how to develop and distribute them: inventtory.com

Joto . . .

An “Etch-A-Sketch for the digital age”, Joto helps turn your home into an ever-changing gallery, as a fun and practical robotic drawing board. Display daily art, personal messages, meeting notes… Cafes and retailers can catch your attention with a live message board and special offers. Joto's robotic arm automatically draws for you; replicating any image, notes, or personal message you want to send it, from doodles, to insults, to recipes, to daily deals, to live game scores. The product launched on Kickstarter in 2017 with great success, transforming the notice board for the 21st century: joto.rocks

Karbonbiotech . . .

Karbonbiotech have a series of patented cement products and processes to take to market, that could dramatically reduce manufacturing costs, and the environmental impact of cement. They are aiming to reduce the manufacturing cost of cement by 21%, coupled with a 65% reduction in CO2. Concrete makes up a staggering 5-8% of global CO2 emissions; some of Karbonbiotech’s new products are carbon negative, absorbing CO2 beyond the construction process. Note that China used more cement in the last 3 years than the USA did in the last 100 years: karbonbiotech.com

Landbay . . .

Peer-to-peer lending has disrupted traditional finance by bringing investors and borrowers together directly. This new platform for retail investments anchors peer‐to‐peer lending to a consistently performing, robust asset class – rental property. It promises savers a far better option than using a bank, and an easy way to make investment decisions without paying rip-off middlemen management fees: landbay.co.uk

Lontra . . .

Hyper efficient blade-compressor and engine technologies, that can dramatically reduce the energy needed to run fridges, AC, and motor vehicles. Lontra is one of the most exciting engineering companies in the world, pioneering radically different hardware, with almost universal motor applications. Note that 10% of European energy is consumed by compressors alone; at scale, Lontra’s products could save billions in financial and environmental cost. Lontra is partnering with leading food and pharmaceutical manufacturers to replace outdated and inefficient pneumatic conveying (blower) cooling systems. They are two of the UK’s largest manufacturing export sectors worth a combined £38 billion: lontra.co.uk

MacRebur . . .

MacRebur makes enhanced asphalt out of plastic waste; a longer lasting patent-pending product, that is 60% stronger than standard road materials, while keeping plastic waste out of landfill. It helps foster a circular economy, and lower the eye-watering maintenance costs born by Local Authorities (taxpayers).

MakerCase . . .

A radical new try-before-you-buy system for consumers buying online, that dramatically reduces wastage for retailers, and the cost of returns. Want to handle the latest technology before making a purchase decision? Now you can. Makercases’ smart parcels allows a retailer to ship trial products to a consumer for trial, then onto the next person direct. This technology-enabled retail breakthrough has the potential to bridge the gap between physical store experiences, and online purchases: themakercase.com

Mayku Industries . . .

The Mayku FormBox is the most compact vacuum former ever made. It is an elegant, accessible manufacturing technology for rapid prototyping, modelling, and at-home production. It allows anyone to make quick cheap molds of an item, unleashing great creative potential. Makers of parts, jewelry, crafts, and new products are empowered by such accessible devices. mayku.me

Mom Incubators . . .

There are 1 million preventable neonatal deaths every year. This inflatable smart incubator technology can save the lives of premature babies around the world, delivering a 90% cost saving compared with conventional equipment. mOm Incubators have produced a game changing medical device, while trading up on quality. James Roberts’ design was provoked by seeing unnecessary deaths in Syria caused by a lack of medical equipment. He’s done what the medical device industry couldn’t do: momincubators.com

Moola . . .

A consumer-champion wealth management platform, driven by artificial intelligence, that rewrites the rule book on personal investing. Moola makes the process much simpler, and cuts the huge hidden costs of investing. Many investors don't realise how much of their money is disappearing in management charges. Even a seemingly small differential can have a big effect on your eventual pension value, which explains why City managers gleefully refer to themselves as ‘honest thieves’. The Moola robots will eat them up for breakfast. moo.la

Ohlala Insurance . . .

The world’s first on/off & bounce insurances. Ohlala provides monthly, and micro-duration policies urgently needed by the gig economy. Bringing together the latest machine learning and blockchain technologies, the promise is to create a frictionless customer experience, that opens up insurance options for millions of freelancers, and gig economy workers. Ohlala are making a land grab in the insurance market at a time of rapid growth, as an agile technology operator, in a land of sleeping giants: ohla.la

OpenCosmos . . .

Simple and affordable space missions; Open Cosmos are democratising the market for launching satellites into orbit: making it faster, simpler, and much more affordable. Open Cosmos is an export company, on a mission to help send sensory technology and IT hardware into outer space, from geological surveyors, to environmental campaigners, to farmers wanting to monitor their land and animals. The company provides hardware, software and service for space pioneers, and manages the export process from end-to-end. You’ll need to communicate with your satellite when it’s in space of course; telecoms are part of the package. open-cosmos.com/

Phytoponics . . .

Scalable & affordable commercial next generation hydroponic systems. Phytoponics is the revolutionary patent pending growing system that promises to transform commercial agriculture and make fresh produce abundant. Their ‘Deep Water Culture’ technology is geared to the hectare scale, with apparently huge productive benefits for commercial growers, at half the cost of current offerings. At scale, it delivers higher produce quality, consistent yields, and significantly improved resource efficiency: phytoponics.com

Prix . . .

Inaccurate forecasting and sub-optimal pricing costs companies between 10-20% of their revenues. The data needed for dynamic pricing is far too heavy for most organisations to handle, and not readily accessible to your average SME. Enter big data, machine learning, and MIT-developed algorithms, via Prix.ai, which can do all the lifting for you for a reasonable monthly fee. From launch, Prix is enabling hotels to generate market-driven prices rather than relying on guesswork. The Prix technology can do airline-style dynamic pricing across multiple sectors, as a no-brainer SAAS product for businesses looking to optimise, and grow: prix.ai

QBot . . .

Q-Bot provides warmer, better homes by insulating cold and draughty floors as a robotic insulation service. Their specialist vehicles reach hard-to-access areas remotely. This technology approach has the potential to have major impact on the £multi-billion retrofit market, making millions of buildings more energy efficient: q-bot.co

Rabble . . .

A radical new exercise brand, defying the gym-punishment cult, launched by former international triathlete Charlotte Roach. Rabble disguises high-intensity exercise through gamification, making it more social, more accessible, and more rewarding. The business has grown nationally, having successfully piloted a new exercise model in London, targeting the millions of people who fear/loathe conventional sport, and boring gyms. It attracts thousands of people who want to exercise, and know they should, but can’t find a competitive sport, or gym machine, that works for them: joinrabble.com

SafetyNet Technologies . . .

A highly original product designed to cut down on overfishing, using 'smart-nets', designed to attract the right fish with dynamic lighting technology, and help guide smaller fish out of the nets via illuminated escape routes. With global fish stock in crisis, we urgently need innovations like this to improve fishing practices, which destroy so much marine life. Fish aren’t farmed at sufficient scale to keep feeding hungry humans on demand. Fisherman throw back up to 20% of their catch - as it is ‘unusable’. That’s 1m tonnes of healthy fish annually in the EU; thrown back in after dying. We need to give the seas chance.

Silicon Safe . . .

A hacker can steal millions of credentials in seconds. Encrypted or not, the moment this information leaves an organisation, the damage is done. Silicon Safe is a radical new hardware approach to password security. It guarantees protection of customer's identity and passwords, with an impenetrable storage and authentication appliance for log-in credentials. Once identities and passwords are stored in the appliance, they can never be retrieved, and they don’t need to be. Silicon Safe’s patented No-Read™ technology allows only verification results to be confirmed, while the customer data is kept private: siliconsafe.com

Skin Analytics . . .

Skin Analytics is developing advanced image processing techniques to map, analyse and manage skin lesions and provide an early warning for skin cancer. Faster, cheaper diagnosis saves lives, and saves billions of pounds at scale from over stretched government budgets: skinanalytics.co.uk

Snapdragon . . .

Counterfeit crime is a global challenge, growing 15% year on year. Snapdragon has pioneered a new way for brands to fight back against IP piracy, disrupting the distribution of counterfeit goods at scale. Their system includes the automated removal of links to over USD$10bn of counterfeit goods currently for sale online, blocking these goods from online display. They monitor +240 ecommerce platforms, and have blocked £6 billion worth of counterfeit goods from sale to date, with a 98% success rate for their clients: snapdragon-ip.com

infloAi . . .

InfloAI is an AI-powered assistant to content marketing teams, who manually curate billions of hour worth of content. It produces skeleton content automatically, and streamlines the research process for content teams, to make sure that marketing and social media output is scalable, relevant, and much cheaper to produce: inflo.ai

Tevva . . .

A new class of electric vehicle for large scale distribution, with 1 year payback period (or free fuel equivalent) for haulage companies. UPS is a major client. Tevva's aim is to create a paradigm shift in electric vehicles, eliminating CO2 and NO2 emissions from haulage fleets across the world: tevva.com

Thingtrax . . .

ThingTrax helps large and small industrial manufacturers to enjoy a step-change in productivity with new plug & play IOT monitoring devices, that capture and analyse operational data (like sound) from machines in real time. Welcome to Industry 4.0. The ThingTrax system identifies operating problems, with a positive feedback loop helping management to monitor and smarten up. It's a new class of productivity technology; optimisation as a service: thingtrax.com

ThinkSono. . .

Advanced ultrasound diagnosis in the palm of your hand. This rapid diagnostics tool can be used for DVT, which kills more people than breast cancer & AIDS combined. The results are 10x cheaper and 30x faster than conventional diagnosis: thinksono.com

Tide . . .

Revolutionary digital business banking, that is infinitely faster and smarter than a traditional current account. Tide help entrepreneurs run their business, with 'instant account opening', automated bookkeeping, and automated invoice chasing, alongside being able to add notes and attachments to your transactions. It will save businesses billions of hours of labour at scale: tide.co

Tochi Tech . . .

Around 3.5 million washing machines are sold annually in the UK. This ingenious new device could save 45,000 tonnes of carbon dioxide emissions a year, by replacing the concrete weight inside of machines with a refillable water tank. The new design cuts the home appliance weight by 30%, significantly lowers the cost of transport, and of course, injury risk when lifting and installing the product in the home.

Tramonex. . .

Tramonex allows national currencies to operate on blockchain technology, with the aim of disrupting the cross border payment industry. It’s a fast, safe, transparent and price competitive international payments platform. Such a system brings vast benefits at scale, including automatic payments via smart contracts. Tramonex is one of the very first companies to receive a license from the FCA to issue national currencies on Distributed Ledger Technology; it opens the door for a genuine financial system revolution. tramonex.com

Trint . . .

Trint blows manual transcription out of the water, enabling automated transcription at 75% lower cost. Their platform converts any audio or video file to text in minutes. Trint’s interactive Editor marries audio to the text, making it easy to search and polish transcripts to perfect. Hours of tedious labor are reduced to just minutes. Audio content suddenly becomes globally accessible, searchable and machine translatable: trint.com

XRapid . . .

A breakthrough mobile technology for the cheap and rapid diagnosis of two of the world's most serious diseases; malaria and tuberculosis. Xrapid's adaptation of conventional a microscope and a conventional phone, coupled with their analytics software, means that diagnosis can be done at a fraction of the normal laboratory cost. It is accessible to medics with limited training, and is is able to be scaled rapidly: xrapid.org

Yoti . . .

Yoti is a as consumer champion brand, with a radical new digital identity service. Individuals own and control their identity and data online. Their technology bridges the gap on verifying ID remotely, aiming to service billions of ID request transactions/year for large companies, sensitive about KYC, Data Security and Data Protection. It has potential to rebalance the ownership, control, and flow of sensitive personal information, which must be shared in order to transact online: yoti.com

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My Highlight Of The Year
— Jonathan Margolis, Financial Times
 

1

Product of the Year

50

Nominees

1

Innovator of the Year

 
 

Each year London Innovators identifies the top 50 emerging innovations from across the UK

Previous winners include geolocation pioneers What3Words, blockchain pioneers Everlegder, energy tech inventors Zap&Go and consumer biotech breakthrough Gallinée, all of whom have seen overwhelming success following on from their nomination. 

The Penrose Awards judging panel comprises a cross-section of internationally acclaimed entrepreneurs and investors including Anthony Rose, Kerry Ritz, Erica Young, Miles Kirby, Serge Taborin, and Duncan Grierson.

This year's finalists are invited to attend the invitation-only awards event on 30th October 2017 where over 300 founders, investors and journalists will join to hear the announcement of this year's Penrose Awards.

The awards bring the UK's most extraordinary companies together, from Biotech, to AI, to Fintech, to Agritech, Enterprise Tech, to Consumer Tech, and a raft of investors seeking top talent. It's a room full of inspiring people.


Limited tickets are available for founders, investors, directors and media. If you would like to request an invitation, register your interest and a member of the team be in touch shortly.

Thank you again for organising the awards... One of the best events I’ve been to in London.
— Meri Beckwith, Oxford Capital
 

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