{"id":54731,"date":"2015-03-05T10:21:14","date_gmt":"2015-03-05T10:21:14","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=55fa08f2041ab9213822e61d4c115ac9"},"modified":"2015-03-05T10:21:14","modified_gmt":"2015-03-05T10:21:14","slug":"news-story-digital-economy-investing-in-the-internet-of-things","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=54731","title":{"rendered":"News story: Digital economy: investing in the Internet of Things"},"content":{"rendered":"
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The event, held at the Digital Catapult Centre<\/a>, featured successful and shortlisted applicants from Innovate UK\u2019s recent Launchpad competition for digital sector SMEs based in London and\/or Cambridge. <\/p>\n

The showcase was a chance for the companies to find additional investment from investors to grow and progress their projects and to talk to industry media about their work.<\/p>\n

The Internet of Things: what is it?<\/h2>\n

The Internet of Things is automatic \u2018smart\u2019 communication between objects, through the internet. Market projections suggest the industry will comprise 26 billion devices by 2020, rising to a trillion by 2025. <\/p>\n

It\u2019s predicted to become a $500 billion global technology market by 2019, supporting an even more extensive market for products and services. <\/p>\n

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Innovate UK will spend \u00a3120 million over the next 4 years to support innovative business projects in the digital economy area – read our Digital Economy Strategy 2015 to 2018<\/a><\/p>\n<\/div>\n

As a result of the recent Launchpad competition 7 businesses won a share of \u00a31 million in grant funding to carry out projects leading to the development of new products or services around the Internet of Things.<\/p>\n

Lead Digital Technologist for Innovate UK Matt Sansam said: <\/p>\n

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Launchpads help businesses take advantage of being part of a developing cluster to realise their potential for growth. The finalists and winners in this competition represent some extremely innovative ideas, right at the heart of this emerging market.<\/p>\n<\/blockquote>\n

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Look at our latest grant funding opportunities<\/a><\/p>\n<\/div>\n

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Find out more about the Internet of Things Launchpad projects<\/a><\/p>\n<\/div>\n

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Read about how Flexeye is unlocking the potential of the Internet of Things<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Investors got a taste of some of the UK\u2019s most innovative Internet of Things projects at an Innovate UK showcase event in London.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/54731"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54731"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/54731\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}