Finance#VFS22 event is festival of innovation among Hampshire businesses

#VFS22 event is festival of innovation among Hampshire businesses

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INVENTIONS starting from an AI-powered assistant for garments purchasing to sustainable wood bicycles have been highlighted at a celebration of innovation.

Round 1,000 individuals have been at Southampton’s Ageas Bowl for the #VFS22 Competition of Innovation, with greater than £1billion in help, funding and funding on provide from companions of organiser Venturefest South (VFS).

VFS is a partnership-led, year-round programme the place companions, exhibitors and sponsors fund promotion and exhibition house for innovators and entrepreneurs throughout the south.

This yr, 47 innovators obtained funded locations, greater than 50 innovators entered a Battle of the Pitches competitors for the prospect to win £10,000, and 12 entered open mic occasions.

5 innovators offered enterprise proposals to a judging panel in a Battle of the Pitches competitors, for a prime prize of £10,000 from headline sponsor CATAX.

The highest prize went to Gil Satchwell from powerQuad, to assist develop his enterprise, which makes battery-powered alternate options to the diesel mills used at occasions.

He stated: “I am thrilled that our progressive powerQuad expertise has received this improbable prize from CATAX on the sensible #VFS22.

“We are going to make investments the prize funding to assist not solely our enterprise to develop, however to help the group and our eco-system.” The opposite finalists within the Battle of the Pitches have been Everessence, KCC Packaging, Labl.It and Portsmouth Distillery Co. Paul Foley, director at innovation funding specialist Catax, which specialises in analysis and growth tax credit score claims, stated: “It was a troublesome fought battle however we have been thrilled to award the £10,000 prize to Gil and his workforce. Serving to enterprise uncover innovation funding is what we do each day and it was a pleasure to be concerned once more at VFS.”

Different award winners have been Sean Larsen, Kyle Wilks and Rhys Wilks of Labl.it for Innovator of the 12 months; Laura Liddell and Jessica Jobson of Journally for Early Stage Innovator; Aimee Dobson, Carrie Lomas and Sarah Bennett for Sustainable Innovation Chief; and Charlie Grey and Ben O’Nion for the Open Mic occasion.

Ed Gould, #VFS22 artistic director at Carswell Gould and a founding associate of VFS, stated: “Now, greater than ever, the kind of entrepreneurial and artistic innovation we’ve seen at this yr’s VFS22 is significant to the resilience and success of the UK.

“The collaboration between large-scale enterprise, schooling and start-ups exhibits a willingness to drag collectively to make nice issues occur. As soon as once more, I’ve been impressed by the delegates, companions and innovators at this yr’s occasion who’re daring and bold in supporting our area’s flourishing eco-system.”

Matt Chinn, head of platform methods for headline associate Dstl, stated: “There was actually optimistic vitality on the occasion and we had nice suggestions from everybody we met. It was a extremely uplifting and productive day making new connections.”

#VFS22 board member Sarah Duckering, director of analysis and innovation providers on the College of Portsmouth, stated: “VFS22 is basically instrumental in supporting the burgeoning native innovation and helps the area’s future prosperity, which is so vital throughout this present financial local weather.”

Impartial enterprise help was out there from the Solent Native Enterprise Partnership (LEP) Progress Hub workforce.

Southampton Metropolis Council chief Cllr Satvir Kaur stated: “Southampton is a hub of innovation – forward-facing and future-ready.

“It’s vital that we grasp future progress areas and benefit from alternatives they’ll deliver for our metropolis and area, which makes occasions like these so vital.”



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