Rapid Innovation Group Portfolio On Track to Raise More than £15m

A recent survey of our portfolio of companies showed that, at the end of the third quarter, companies we are working with are on track to raise more than £15 million from equity, debt, and grant instruments.

Credible evidence of commercialisation activities and its early success is critical to attracting capital from any source – funders need to be able to justify their decisions and deliver engaging narratives to their investors.

In 2018 Rapid Innovation Group has worked closely with a number of its companies to raise capital from grant sources – we are finding an increasing volume of both government and private grant capital is chasing a static / slow growing volume of truly revolutionary companies, making this non-dilutive source of funds a particularly exciting seam to tap into.

Rapid Innovation Group Partner Founds Distributed Ledger Business

David Gates, partner at Rapid Innovation Group, has today founded a distributed ledger company to work on developing technology and practices to support the implementation of this exciting technology into chain of custody businesses.

David’s work will be part funded by Innovate UK, the UK Government’s innovation funding agency, as well as an equity investment from a private company which is seeking to find a reliable vendor for this type of technology. The company is trading as Saffron Traceability, as is currently seeking chain of custody and traceability businesses that wish to explore this exciting new domain.

Rapid Innovation Group Company Reaches Agreement in Principle From Private and Public Investors

Global Traceability Solutions GmbH, the operator of the largest traceability network in the world, has recently confirmed an equity investment from a number of public and private sources.

The funding will allow it to step beyond its core markets in timber and timber-related products into a number of exciting new domains in which it has secured anchor partners.

More information is available from www.global-traceability.com

Rapid Innovation: Goodbye to the Red Lion, Hello to the King(sway)

Today Rapid Innovation left Red Lion Square, its home since 2010, for a new office at 103 Kingsway – less than five minutes’ walk away.

The move comes as the company is expanding its breadth and depth of activities, although it maintains a focus on a portfolio of high-promise, deep technology companies – all of which have the potential to be world changing and world beating.

Client triples turnover

Having closed off its financial year in the last few weeks, a Rapid Innovation Group Information-as-a-Service client is pleased to report it achieved its annual revenue targets whilst minimising customer turnover.

Rapid Innovation Group has worked with the client for four years, focussing on international partnerships and internal operations to enable revenue growth.  In that time the client has trebled its turnover and made significant advances to specialise and professionalise its operations.

The good run in growth is anticipated to continue into the next financial year, in which the management team are anticipating an acceleration of sales that will enable the business to grow by a further 50%.

Rapid Innovation Group client helps light a Caribbean island

One of Rapid Innovation’s clients recently deployed their renewable technology to bring lighting to the island of Grenada. The client in question has developed a portfolio of patented wind turbines which extract significantly more power from the wind than conventional turbines. One of their products, the Remote Power Unit (RPU) is a hybrid solar and wind solution which has been designed as a street light. The off-grid RPU powers an 80-watt LED bulb with built-in battery storage lasting up to five days. The installation on Grenada is the first renewable hybrid streetRPU in Grenadalight on the island.

Starting from scratch

A Rapid Innovation Group client involved in delivering a market disruptive solution in the energy management space has successfully entered negotiations for deployments across Europe.  Further to a short market discovery engagement with Rapid Innovation Group’s energy practice, potential partners in the three core markets targeted have entered into formal negotiations with their existing customers to deliver pilot solutions.
Working closely with the client and leveraging existing market expertise, knowledge and relationships, Rapid Innovation Group was quickly able to create a European proposition for a non-European solution set – supported by detailed conversations with stakeholders across multiple markets on the continent.

 

This pathfinding work has supported informed decision making within the client as to the value of the European market within the international context.

Rapid Innovation Group client sees significant international growth

A Rapid Innovation Group subscription service client has now sold into every inhabited continent in the world, having established a presence in 22 countries during our work together on international partnering.  Successful execution against a comprehensive partner strategy means that the current momentum is anticipated to push the client’s services into an additional seven countries in the coming six months.