TRICAP investee Smart Compliance has reached the finals of the NESTA Inventor Prize for their SMART carbon monoxide detection system. They’re one of 10 companies on the shortlist for the prestigious accolade, which is sponsored by the Department for Business, Energy and Industrial Strategy (BEIS).
Along with the other finalists, the Scottish company will receive a £5,000 grant and non-financial support from Barclays Eagle Labs, to further develop their ideas and products. As part of this, they’ll get tailored support from mentors and industry experts, as well as access to Maker Space facilities for prototype manufacture, and co-working desk space. The winner at the end of the judging process in September will win £50k.
The NESTA Inventor Prize is awarded for companies who tackle a social issue and contribute to the growth of the UK economy. TRICAP chairman Jamie Andrew said: “Congratulations to the team at Smart Compliance! We’re delighted to see this national recognition for their flagship product, and wish them all the best for commercialising their monitoring and detection products.”
Find out more about the product in this short film about Smart Compliance:
For more information on TRICAP angels investors and investing in Smart Compliance, get in touch.