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Internet of things gets £1M boost

Internet of things

Two new programmes have been announced to support 20 UK companies to develop internet of things (IoT) hardware and accelerate its commercial application.

Innovate UK has appointed advertising agency R/GA Media Group and startup facilitator Startupbootcamp to run two new programmes that will help the businesses to develop the next generation of hardware that takes advantage of the IoT.

It said that the appointments were part of the UK government-funded IoTUK programme to support the IoT industry and boost economic growth.

“The jump from prototype to commercial viability is perhaps the most challenging in any area of business. This carefully targeted funding will help to ensure that UK companies are better placed to take advantage of the rapidly developing Internet of Things market opportunities,” said Innovate UK head of emerging and enabling technologies Paul Mason.

Innovate UK said that IoTUK was aimed at helping businesses and the public sector to develop IoT capability, particularly in areas such as security and trust, data interoperability, investment justification and design development.

R/GA Media Group and Startupbootcamp will provide access to their expertise and to finance and business support services to help businesses bridge the gap between development of a prototype and market viability.

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