R/GA announces nine IoT startups for its 2018 program
Mar 01 2018
IoT Venture Studio, a UK based accelerator has announced nine startups as part of its second incubator program for the year 2018. The selected companies are a diverse mix of startups that use IoT innovatively to transform everything from retail to food wastage.
Headquartered in NewYork, R/GA is an international digital agency that launched its accelerator program Ventures in 2014. In partnership with UK government's innovation agency Innovate UK, R/GA Ventures started the IoT Venture Studio focusing on building IoT based startups. The selected companies will have the chance to work closely with R/GA and use its expertise in strategic marketing, consulting, branding, design, and technology. The companies will also have access to the agency’s network of clients, industry partners, global brand leaders, mentors, and investors. The program will be based at R/GA London’s connected headquarters in Shoreditch.
In Feb 2017, R/GA Ventures announced its first round with ten companies to participate in the UK based program. Latch, a pioneer in enterprise IoT also joined the program as a sponsor. “These startups are bringing the disruptive and refreshing power of the internet to the real world. They show us that Internet of Things technologies is now mature, and ready for business,” said Matt Webb, managing director of the R/GA IoT Venture Studio UK.
NUMA, a Paris-based international technology, innovation, and startup incubator also launched NUMA Angers IoT, the manufacturing, and business acceleration program dedicated to IoT startups in January this year. Another organization IoTA Wales also offers £50K for IoT startups.
Some of R/GA Ventures' portfolio companies include Shottracker, Sensing Feeling, and Hoxton Analytics.
+ R/GA Ventures is a member of the GAN (gan.co), a network of the world's most respected accelerators and organizations in support of the startup ecosystem.
+ The digital agency has more than 2,000 employees globally with offices across the United States, Europe, South America, and Asia-Pacific and is part of The Interpublic Group of Companies.
+ R/GA will also invest up to £75K in exchange for up to 6% equity in the startup companies.
. @rgaventures invests in @Sceenic! Proud to have the super knowledgeable Matt Webb @genmon and his whole team back us and join our journey 🎢 It took a long time coming but we're so proud of our whole team! https://t.co/ekypGrV1Rt pic.twitter.com/JZOq7SpmzD— Sceenic (@Sceenic) February 26, 2018
Had a week of incredible mentors visiting #rgaiot -- the feedback from our startups has been super positive, and we've just got together as program team to digest and debrief. Thank you from us at @rgaventures for spending a morning with us, and for all your help— Matt Webb (@genmon) February 23, 2018