£1m Deep Tech Incubator welcomes first four firms to its programme

Four companies have been selected to join the first £1m LYVA Labs Deep Tech Incubator.

The programme will provide early-stage deep tech businesses with a tailored support programme, including the opportunity to secure grant funding and investment.

Backed by a £1m fund from Liverpool City Region Combined Authority, LYVA Labs’ incubator programme will provide £10,000 of funding and the opportunity for a further investment of up to £90,000 to match grant funding.

The three successful companies joining the programme are: Heatio, which is developing a data-driven approach to home energy usage; Bundant, an AI-based technology for re-ordering household products; Leftfield Football Consultants, which uses analytics to help football leaders improve decision making; and BossIT.Online, an advanced manufacturing system that reduces waste in construction.

Heatio is developing its Flexx Home Energy Management Solution and Virtual Power Plant, helping homeowners make their homes more efficient and cheaper to run. Heatio Flexx 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 with other properties/homes and the routes to reducing this energy usage.

Flexx 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: “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 Labs’ 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 this impressive talent with groundbreaking ideas.”

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.”