Canard Drones and Wearable Technologies extends incubator’s investment in Internet of Things businesses into aviation and smart garments sectors
Start-up incubator Breed Reply has embarked on a fresh search for early stage Internet of Things (IoT) investment opportunities.
The London-based company, which forms part of Reply Group, funds and supports the development of early stage companies delivering IoT solutions in Europe and the US.
Companies that submit the strongest applications for its Best in Breed 6 competition will be invited to pitch their investment cases with the selected ones receiving funding along with advisory and support services.
Breed Reply has also named the successful applicants of Best in Breed 5: Canard Drones and Wearable Technologies which extends its portfolio of IoT businesses into the sectors of aviation and smart garments.
“We’re delighted to welcome Canard Drones and Wearable Technologies to the Breed Reply investee family,” said Emanuele Angelidis, CEO of Breed Reply.
“Since launching Best in Breed at the end of 2014, we have witnessed dynamic growth in the IoT market all over Europe and we look forward to continuing to identify and support the most attractive and innovative companies in the IoT space as part of Best in Breed 6.”
Canard Drones is a Spanish developer of UAV-based visual inspection solutions for airport systems. “Our breakthrough technology is gaining momentum, as recognised by 15 innovation awards in under a year and the interest shown by many airports,” said Jorge Gomez, CEO, Canard Drones.
“Canard is looking forward to benefiting from Breed Reply´s extensive business network, technology acumen, and funding capabilities to accelerate our time to market and expand our geographical footprint as we bring a high potential technology to market”.
Wearable Technologies is a British company developing a platform of networked safety garments for those working in industrial environments.
“Breed Reply’s support, both in terms of financial investment and operational expertise, will be invaluable in helping Wearable Technologies reach the next stage of development as we look to bring to the wider industrial market our platform of connected garments which help improve health and safety,” added Mark Bernstein, CEO, Wearable Technologies.
The full portfolio of Breed Reply’s investment markets include: smart cities; energy; smart homes; cyber security; transportation; manufacturing; unmanned aerial vehicles; smart wearables; agritech; fitness and wellness; and healthcare.
Companies with an innovative product or service in the IoT space are invited to submit an application to Best in Breed 6 via Breed Reply website at www.breedreply.com. The closing date for submissions is 30 March 2017.
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