FutureScope Industrial Net Zero Scale
Open date: Monday 29 November 2021 Close date: Sunday 23 January 2022
About FutureScope
Supporting all stages of businesses maturity
Digital Catapult’s FutureScope enables startups and scaleups to collaborate across technologies, business stages and markets, and address real-world challenges through innovation. Participants receive expert and timely support at every stage of their business growth, benefiting from our market-leading expertise and facilities.
From November 2021 to 23 January 2022 FutureScope is open to applications from scaling high-potential companies to tackle industrial net zero challenges.
About Industrial Net Zero Scale
Digital Catapult’s Scale programme is focused on scaling innovative technology companies applying advanced digital technologies to tackle the challenges of Industrial Net Zero.
The programme aims to accelerate their growth from an operational, technical, commercial and investment perspective and is tailored to UK companies at pre-scale or early scaling stage.
The challenge brief
Enabling a sustainable future
Advanced digital technologies, such as artificial intelligence (AI) and machine learning (ML), the internet of things (IoT), distributed ledger technologies (DLT) and immersive (AR & VR), can deliver a raft of benefits for an organisation’s green credentials. When applied in the right way, they can help businesses measure environmental impact, reduce waste, optimise usage and extend the life cycles of vital assets.
Through this programme, we’re looking to support companies with industrial net zero solutions. Areas of focus may be, but are not restricted to:
- Material resource optimisation: optimising the outputs of an organisation or facility, without increasing input or sacrificing quality
- Zero-waste manufacturing: designing and utilising products for reuse, remanufacturing and recycling to enable a more sustainable circular economy
- Circular economy: Enabling an economy in which materials are reduced, reused, remanufactured or recycled
- Net zero agriculture: Reducing the emissions of our foodstuffs and enabling more sustainable land use
What’s involved
Across the 16 week programme, participating companies’ leadership team will work with the Digital Catapult team, industry experts and growth coaches to assess, iterate and accelerate business processes and significantly expand their network of peers, investors and customers.
Scaleups will participate in over 35 hours of events and sessions, including
Diagnostic sessions with the leadership team to determine current technological, commercial, investment and strategic needs
Workshops to develop and improve business planning, commercial strategy, pricing and positioning, operational processes and investment readiness
Networking events, roundtables and tailored introductions to industry leaders, relevant investors and potential customers
Who should apply and company requirements
Pre-scale or early scaling stage companies that:
- Have previously raised a seed or Series A round of investment, and/or can demonstrate significant commercial revenues of at least £500,000 in the previous 12 months
- Sell (or aiming to sell) solutions to larger SMEs and/or enterprise customers at an average order value of approx. £10,000 pa or more
Digital technology applications
- Future networks and advanced digital infrastructure (internet of things including low powered wide area networks, NB-IoT, LIFI etc. and includes sensors, edge devices, wearables etc.)
- Immersive technologies – extended reality (virtual, augmented, mixed reality and haptics)
- Artificial intelligence and machine learning (natural language processing, machine vision, deep learning)
- Distributed ledger technologies (blockchain etc.)
Working within or can apply solutions to industrial settings
- Material resource optimisation
- Zero waste manufacturing:
- Circular economy
- Net zero agriculture
Companies with a clear revenue model
- The company should be able to articulate its revenue model, who its customers are, identify key acquisition channels and describe its go-to-market strategy