Tendertec is accepted into IoTA Wales

IoTAWales

Tendertec is one of the ten companies into IoTA Wales – the first Welsh IoT Accelerator

Tendertec has been selected to be part of the Internet of Things Accelerator Wales (IoTA Wales).

The Internet of Things Accelerator Wales (IoTA Wales) is a national first. If you’re a small company with a big idea which could drive the evolution of IoT, this programme can bring investment, intensive training and invaluable contacts that can help you make Wales and the world a smarter place.

A brainchild of Innovation Point, The Accelerator Network, Barclays Eagle Labs, Inspire Wales and the Development Bank of Wales, the programme will see 10 promising companies receive financial support alongside considerable business support including access to world-class training and mentoring in vital areas of IoT and business development, and use of a creative office space in the heart of Cardiff.

Wales – the IoT place to be?

A recent Tech Nation report finds that Wales has the fastest growing digital economy outside of London. The Cardiff/Swansea tech cluster creates £392 million annually in GVA [gross value added], employs 17,000 people and saw 103 start-ups launched last year.

The organiser of London’s biggest IoT meet up, Alexandra Deschamps-Sonsino, claims that Wales has a competitive advantage over London that it will need to capitalise on in order to make the most of the commercial opportunities available.

She said: “You can make a profitable business in this space by manufacturing just 5,000 pieces and, through the production of the Raspberry Pi, Wales has the manufacturing capability which we just don’t have in London. That bit is potentially the hardest piece of the jigsaw.”

Secretary of State for Wales Alun Cairns said: “Wales is a dynamic nation that is home to some of the most innovative companies in the world.”

“As we prepare to leave the EU, I want Welsh innovators to seize the opportunities available to expand their companies and help us trade on the global stage.

 

Read More about the programme here.