IDEALondon celebrates third year by welcoming EDF Energy
Corporate News, Digitization, Energy/Utilities, SMB, Innovation
Building on 50 start-ups, £40mn raised and hundreds of jobs created; The UK’s premier post-accelerator partnership between industry and academia expands to support digital tech startups in the heart of London’s Tech City
IDEALondon is evolving. After three years fostering innovation and nurturing startups in partnership with Cisco and University College London (UCL), the UK’s premier post-accelerator collaboration between industry and academia today announced that EDF Energy is joining the Tech City programme to support the scaling of startup businesses in the UK.
In addition to Cisco’s technological expertise, now with the support of UCL Engineering, startups will benefit from UCL research capabilities and access to graduate talent, as well as EDF Energy's unique technical capabilities, customer insights and industry knowledge.
With the aim of harnessing the best of industry and academia, supported by 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. In its first three years alone, IDEALondon has supported over 50 startups, helping them raise £40m in funding and create hundreds of jobs.
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 the relevant teams at UCL and Cisco – as well as 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, product development, finance, talent and more. The partnership with EDF Energy will deliver an unrivaled 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 acceletor 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. They work collaboratively to create openings with academics, link early stage businesses to expert authorities and engage businesses in appropriate business-academic networks.
“We are proud to be part of a such a forward-thinking partnership in the heart of Tech City, now in the top three of technology clusters globally.”
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.
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About EDF Energy
EDF Energy is the UK's largest producer of low-carbon electricity, meeting around one-fifth of the country's demandand supplying millions of customers and businesses with electricity and gas.
It generates electricity with eight nuclear power stations, more than 30 wind farms, one gas and two coal power stations, as well as with combined heat and power plants. EDF Energy is leading the UK's nuclear renaissance with the construction of a new nuclear power station at Hinkley Point C.. EDF Energy also invests in a range of low carbon technologies including renewables and battery storage. It is applying research and development expertise to improve the performance of existing generation and developing the potential of new technologies.
The company provides gas and electricity for more than 5 million customer accounts and is the biggest supplier of electricity by volume in Great Britain and the largest supplier to British businesses. It offers innovative energy systems for commercial customers and digital innovation for customers at home. EDF Energy has also launched its own innovation accelerator, Blue Lab, which focuses on making customers' lives easier.
EDF Energy is part of EDF Group, the world's biggest electricity generator. In the UK, the company employs around 13,000 people at locations across England and Scotland.
To find out more about the UK's energy challenges visit: www.edfenergy.com/energyfuture/
About UCL (University College London)
UCL was founded in 1826. We were the first English university established after Oxford and Cambridge, the first to open up university education to those previously excluded from it, and the first to provide systematic teaching of law, architecture and medicine. We are among the world's top universities, as reflected by performance in a range of international rankings and tables. UCL currently has over 39,000 students from 150 countries and over 12,500 staff. Our annual income is more than £1 billion.