Two entrepreneurs recognised in prestigious competitions
IMERAI and Loft Boarding Scotland Ltd are both based at Edinburgh Business School
A new camera-free sensor technology that captures 3D images, developed by IMERAI, was among the winners at the annual Scottish Institute for Enterprise (SIE) Awards. In addition to this success, another start-up based in EBS Incubator, Loft Boarding Scotland Ltd, has reached semi-finals of the WeDo Scotland Awards, New Start Business of the Year category.
Alex Bowen, Heriot-Watt University graduate, who is also Director and Principal Engineer at IMERAI, said: “Our new sensor technology has unique applications in robotics and the internet of things as an alternative to intrusive cameras and expensive LiDAR. The technology is now being used to develop an innovative smart home security solution that protects residents while automating the smart home around them.”
Commenting on the recent recognition, Alex said: “The SIE Fresh Ideas Award means a great deal to us as an early stage business, as it validates our proposition and lets us move forwards confidently on our growth journey. It has also given us the momentum we need to think big and take the new opportunities are in front of us.”
The company’s plans for the future include work to secure investment and further team expansion. Alex, said: “We are now moving towards our first investment round and are looking to build out our team from our base in the Edinburgh Business School Incubator. We are also developing our first product, to be ready for release in 2020.”
Andrew Johnstone, the Founder of Loft Boarding Scotland, noticed a gap in the market a few years ago and set up his company in 2017. Now, his business is the largest installer of LoftZone in Scotland, the only raised storage flooring product to have achieved independent certification for use in new-build homes."Andrew, said: “Many home builders advise against loft flooring, based on the traditional method of placing boards directly on joists or building up the joists with timber. This reduces airflow, causing damp, or squashes insulation making it far less efficient.
“The system we fit, LoftZone, is approved by the British Board of Agrément (BBA) and does not affect new home warranty.”
Commenting on his company’s success, Andrew, said: “It’s so encouraging to have my efforts noticed by this group of inspirational and highly successful people that even if I don’t make it through to the finals, I’ll be extremely happy and proud to have had this recognition.”
With 16,000+ new homes being built each year in Scotland, there is ample scope for growth and Andrew is determined to increase his company’s share of the existing market.
Both businesses IMERAI and Loft Boarding Scotland are based at Edinburgh Business School’s Incubator, benefiting from a free workplace and a structured development programme.