Rolls-Royce to support 10 IoT start ups build their business

The participating start-ups will be selected and mentored by R2 Data Labs, the data innovation catalyst inside Rolls-Royce.

Startupbootcamp is a leading startup growth programme and over 80% of the 500 participating businesses it has help are still thriving. Rolls-Royce is the main sponsor of the London-based Startupbootcamp IoT, one of 21 programmes running globally.

Ten prospects will be selected from global applicants from a wide range of IoT focus areas – from Smart Energy and Manufacturing, to VR and AR applications for industrial business.

According to Caroline Gorski, Director for Global Ecosystem and Partnerships for R2 Data Labs: “We believe our own data innovation is made exponentially more powerful by working within a rich ecosystem of data technology innovators.

So, this sponsorship of Startupbootcamp and the potential to share in the energy and inventiveness of these IoT startups, goes to the heart of our collaborative digital strategy.”

Participating startups will be given access to a broad base of business and technical mentors, hardware professionals, corporate sponsors, and exposure to over 400 potential investors, customers and partners at the demo day.

Free office space with a fast-prototyping lab is also provided. Through workshops, one-to-one sessions and events, Startupbootcamp’s aim is to get each startup to market quicker and help them secure follow-on funding.

The intensive nature of Startupbootcamp is designed to achieve the equivalent of a year’s development and progress for each startup – but over just three months.

Caroline Gorski said: “The accelerated concept behind Startupbootcamp is also something we really associate with. Our extensive programme of R2 Data Labs data innovation cells operates in a similar way, working in 90-day sprints to explore and realise value from data for Rolls-Royce and its customers.”

Raph Crouan, Founder and Managing Director of Startupbootcamp IoT, said: “Our aim is to make the journey of building a connected hardware startup clearer, shorter, and more successful for entrepreneurs. Having access to the advanced analytics and cutting-edge engineering capability of Rolls-Royce will be a huge benefit to our startups.”