Heatio Joins LYVA Lab’s First Deep Tech Incubator
Backed by a £1 million fund from Liverpool City Region Combined Authority, LYVA Lab’s incubator programme for deep tech start-ups will provide a tailored support programme, £10,000 funding and the opportunity for a further investment of up to £90,000 to match grant funding.
The incubator will provide Heatio with invaluable resources, mentorship, and access to LCR’s innovative ecosystem – including LYVA Lab’s partners and collaborators - supporting them in their commitment to accelerating the deployment of low-carbon technologies in residential homes and helping homeowners lower their energy bills.
Heatio’s Home Energy Management Solution and Virtual Power Plant will propel significant change in the energy sector, giving people greater and more affordable access to clean energy.
This complete energy management solution will deliver a data-driven approach to visualising and managing energy in the home. Heatio allows homeowners to connect to a mobile/online platform, which gives them an unprecedented amount of insight into their energy usage, their energy profile, comparisons to other properties/homes and the routes to reducing this energy usage.
The platform will recommend and specify energy-efficient technologies tailored to individual households based on their actual energy consumption and property type. These devices will then be connected to the Virtual Power Plant to deliver a smart, connected, energy-optimised home allowing for maximised savings, free energy and revenue generation through efficient energy management and flexibility.
Thomas Farquhar, Heatio Co-founder, said: “We are delighted to be selected for the first edition of what we believe is going to be an exceptional programme. Liverpool City Region continues to show a staggering level of support for tech companies such as Heatio, and we welcome the opportunities that programmes such as LYVA Lab’s Deep Tech Incubator provide for growth and development as we move to lead a fundamental change in how we approach home energy usage in the UK. Congratulations to the fellow successful companies joining the incubator, we’re looking forward to working alongside impressive talent with groundbreaking ideas.”
The successful companies joining the programme alongside Heatio are :
- Bundant - an AI-based technology for re-ordering household products
- Leftfield Football Consultants - use analytics to help football leaders improve decision-making
- BossIT.Online - an advanced manufacturing system that reduces waste in construction
Hannah Randles, LYVA Labs’ Innovation Ecosystem Partner, who is leading the programme said: “We are really looking forward to working with the successful companies and watching them develop and grow during their time on our Deep Tech Incubator programme.”
