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6th March 2017
Breed Reply, Reply Group’s IoT investor which funds and provides operational support to early stage companies in the Internet of Things (IoT) space, is today launching a new search for early stage IoT investment opportunities, Best in Breed 6. Companies that submit the strongest applications will be invited to pitch their investment cases with the selected ones receiving funding along with advisory and support services from Breed Reply.
At the same time, Breed Reply is pleased to announce the successful Best in Breed 5 companies – Canard Drones and Wearable Technologies.
Canard Drones (www.canarddrones.com) is a Spanish developer of UAV-based visual inspection solutions for airport systems. Jorge Gomez (CEO) said “Our breakthrough technology is gaining momentum, as recognized by fifteen innovation awards in under a year and the interest shown by many airports. Canard is looking forward to benefiting from Breed Reply´s extensive business network, technology acumen, and funding capabilities to accelerate our time to market and expand our geographical footprint as we bring a high potential technology to market.”
Wearable Technologies (wearable.technology) is a British company developing a platform of networked safety garments for those working in industrial environments. Mark Bernstein (CEO) said “Breed Reply's support, both in terms of financial investment and operational expertise, will be invaluable in helping Wearable Technologies reach the next stage of development as we look to bring to the wider industrial market our platform of connected garments which help improve health and safety.”
These latest investments by Breed Reply extend its portfolio of innovative IoT businesses into the sectors of aviation and smart garments.
Emanuele Angelidis, CEO of Breed Reply, said: “We’re delighted to welcome Canard Drones and Wearable Technologies to the Breed Reply investee family. Since launching Best in Breed at the end of 2014, we have witnessed dynamic growth in the IoT market all over Europe and we look forward to continuing to identify and support the most attractive and innovative companies in the IoT space as part of Best in Breed 6.”
Companies with an innovative product or service in the IoT space are invited to submit an application to Best in Breed 6 via Breed Reply website at Breed Reply. The closing date for submissions is 30 March 2017.
Breed Reply, Reply's advanced incubator, funds and supports the development of early stage companies on the Internet of Things (IoT) in Europe and the USA. Based in London, with operational offices in Germany and Italy, Breed Reply supports entrepreneurs and young talent by quickly bringing new ideas to the market. This is done via three fundamental services: funding at seed and early stage level; considerable support with significant know-how transfer of business, managerial and technological expertise; and, thanks to Reply's ecosystem, medium-term involvement to establish start-ups in their market. www.breedreply.com