Engage Invest Exploit 2019 Winners Revealed
Up to 50 innovative startups and spin outs took to the stage at EIE 2019 yesterday to pitch for game-changing investment.
This year’s Engage Invest Exploit (EIE) event, powered by Informatics Ventures, took place yesterday at at the University of Edinburgh’s historic McEwan Hall.
EIE provides a platform for spin outs and startups to showcase their businesses and gain possible investment, which can help them to scale-up and grow their business.
Over the past decade, EIE has acted as a springboard for 400 companies, and helped them raise in excess of £650 million in seed and follow funding. 2018 EIE participants Novosound, Good Loop, Codeplay and Cyan Forensics managed to attract investment totalling £4.2m to date as a result of their participation.
Keynote speakers this year included Nagraj Kashyap, Corporate Vice President and Global Head of M12; award winning computer scientist professor Sue Black OBE; Seonaidh MacDonald, chairman of Pufferfish and former CEO of mLED; with Quentin Cooper, presenter and tech enthusiast, again acting as the day’s host.
Recommended: mLED: From EIE to Exit
Up to 50 innovative high-growth businesses took to the stage to pitch their concepts to a group of investor panellists from organisations such as the Scottish Investment Bank, IBM Venture Capital Group and McAfee Capital.
Each presenter had an opportunity to put their case forward as to why their company should receive funding, and then faced a round of questioning from the judges.
Mental health apps, autonomous security robots, apps to help patients self manage their illness, traffic congestion management software, and artificial intelligence (AI) to combat online image fraud were just some of the ideas pitched to the panel. Blockchain, machine learning, big data and AI played a significant role in the propositions put forward by the pitchers.
This year, Amiqus Resolution took home the EIE Pitch of the Day award, while The Property Angel snagged the Spirit of EIE award. Polly Purvis OBE, chief executive of ScotlandIS and chair of CodeClan, was named this year’s Local Hero.
Kevin Davidson, founder and CEO of The Property Angel told DIGIT: “This win was completely unexpected. The support we got through EIE was phenomenal – in particular, the mentoring offered lots of practical tips that proved very useful when it came time to pitch to the investors.
“For me, this award represents a huge team effort and reflects the unique supportive entrepreneur ecosystem we have here in Scotland.”
Callum Murray, founder and CEO of Amiqus Resolution, told DIGIT: “EIE is a fantastic event. You get out of it what you put into it. I think it’s hugely beneficial for everyone in the Scottish tech ecosystem to be involved in it.
“Amiqus is really happy to be back at EIE and our participation in it plays an instrumental part in our narrative for our investment round, and we’re really pleased to have picked up this award.”
Purvis said of her win: “I was thrilled and delighted with such an unexpected award. I think it is a huge accolade and don’t really feel worthy of it.”