IDEALondon is evolving. Having already assisted 50 start-ups, raised £40M and supported the creation of 400 new jobs, IDEALondon, the UK’s premier post-accelerator partnership between industry and academia, is expanding. The tech accelerator has been supporting digital tech startups in the heart of London’s Tech City for the past 3 1/2 years and now welcomes EDF Energy to the partnership.
IDEAL start-up businesses previously benefitted from Cisco’s technological expertise and vast network, as well as UCL Engineering’s research capabilities and access to graduate talent. Now, resident start-ups will additionally benefit from EDF Energy’s unique sector capabilities and innovative approach to energy management and carbon footprint reduction.
Through its involvement in IDEALondon, EDF Energy will be championing and incubating up to six start ups in new technologies such as data, digital and artificial intelligence to support the transition to a low carbon society. EDF Energy’s presence at IDEALondon will enable it to collaborate with research teams at UCL and innovation staff at Cisco. It will also get involved with the wider eco-system of IDEALondon on related innovations, projects and opportunities.
Based in the heart of London’s Tech City, IDEALondon provides a tailored programme of support to startups, with access to opportunities for new business, partnerships, research projects, product development, finance, talent and mentoring. With the aim of harnessing the best of industry and academia, supported by the UK government, IDEALondon is aligned to the ambition of the UK Digital Strategy to empower startups and UK businesses to scale faster and compete on a global scale.
The partnership with EDF Energy will deliver an unrivalled mix of expertise and experience helping to solve challenges facing industry, contribute to the dynamic London tech-scene and support the scaling of innovative startups in the UK.
Scot Gardner, Chief Executive, Cisco UK & Ireland commented:
“Investing in the success of the UK’s innovators is crucial to ensuring that we maintain our position as a hub for creativity. Acting as a catalyst for co-innovation between business, academia and government, and as one of Cisco’s nine innovation centres around the world, IDEALondon provides an environment that will nurture entrepreneurial growth and support ideas that will truly break boundaries. We are delighted that EDF Energy are joining the programme to help support ideas that will grow our digital economy now, and into the future.”
Vincent de Rivaz, Chief Executive, EDF Energy added:
“Innovation is rapidly transforming our industry and the customer experience – putting them in control of their energy. As a sustainable and responsible business, EDF Energy is committed to finding new ideas and partnerships to drive this change. Along with our innovation accelerator Blue Lab and our existing R&D activities, this partnership with IDEALondon is an exciting step forward. We are committed to working with the very best start-ups and entrepreneurs to support their growth. Their innovations will help us find new ways to face the challenges of becoming a low carbon society, and to seize the opportunities offered by the digital and data revolution.”
Jane S Butler BSc (Hons) CEng FREng FIET FBCS Vice Dean Enterprise, UCL Engineering stated:
“UCL Engineering has a mission to ‘Change the World’. IDEALondon is perfectly aligned to this vision, supporting businesses with global aspirations, to scale and sustain. IDEALondon draws heavily on UCL’s first class academic talent to mentor and develop aspiring start-ups. Staff work collaboratively to create openings with academics and businesses, to link early stage businesses to expert authorities and engage businesses in appropriate business-academic networks.”
Since its opening in 2013, IDEALondon has taken on more than 50 startups, examples of which include Asset Mapping, Sparkl®, Snap Tech and Pie Mapping, helping commercialise their offerings and raising tens of millions of pounds in funding.