Oxford Innovation Space launches property technology incubator to support SMEs
Two South East companies have trialled their technologies, which address net zero challenges in properties, at innovation centres managed by Oxford Innovation Space.
The latter has launched a property technology (PropTech) incubator programme to support start-ups developing potentially groundbreaking technology for commercial and residential buildings.
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Cambridge-based Infersens, which has developed intelligent water sensors that monitor water flow and temperature to minimise waste and improve sustainability, has carried out a trial installation of its first product Cortense at the Heyford Park Innovation Centre near Bicester.
Meanwhile, Oxford's EcoSync has installed smart valves to monitor room usage and temperatures for a trial period at the Oxford Centre for Innovation and the Mansfield Innovation Centre in Nottinghamshire.
The start-up has also accessed investment from Oxford Innovation Finance’s EIS Growth Fund and Angel Investment Network (known as OION).
Jo Stevens, managing director of Oxford Innovation Space, said: "The launch of our PropTech Incubator further builds upon our history of championing innovation and our commitment to environmental sustainability.
"Oxford Innovation was founded over 35 years ago by entrepreneurs to support entrepreneurs, so we are delighted to be able to use our network of centres to help SMEs trial new technologies that have the potential to reduce carbon emissions and improve energy efficiency in new and existing buildings."
Oxford Innovation Space currently supports over 870 early-stage businesses through its network of 32 innovation centres across the UK and Ireland.
Some are developing solutions to environmental issues, such as reducing carbon emissions, improving energy efficiency and minimising waste.
It too aims to become Net Zero and has been working closely with Positive Planet to understand and reduce its carbon footprint, with many staff having already completed a carbon literacy training programme.
