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Patented Cyber Security for IoT

Member: blueskytec
Located in: Somerset, United Kingdom (Great Britain)

Business Details

Business Stage:
  • Started (ready for first growth)
Amount Required:
  • £250000.00
Investment Types:
  • Equity/shares
  • Sales & marketing
  • General expansion of business
  • Computers Hardware/Software
  • Electronics & Electrical
  • Telephony/Telecom/Mobile

Short Description

Blueskytec is a high-tech startup, founded in 2012 to develop cutting-edge Cyber Security for the Internet of Things (IoT). Using our own funding, we have developed Patent-pending prototypes that are with selected B2B customers for evaluation and potential orders. We are seeking investment and business experience to help bring our Technology from the lab to the mass market.

Executive Summary

The Internet of Things is continuously in the news for all the wrong reasons. IoT is an emerging technology that will eventually touch all human-kind with an estimated 26bn devices by 2020 [Gartner]. However, cyber security of these devices is becoming the major issue restricting the uptake of IoT by companies and users.
We are all struggling to understand the security implications from products that are connected to the internet. These range from children's toys and medical implants through to connected cars and sewerage pumping systems.
Blueskytec has has spent 4 years developing our cyber technology specifically for the IoT industry using internal funding. We have 2 patents that are pending. Our technology is a mixture of physical chips, circuit boards, firmware and software.
Our business strategy is (1) conduct R&D on cyber security and requirements for IoT (2) develop prototype demonstration equipment (3) deliver these to selected marketing channels and (4) seek investment to execute the marketing campaign and enable the production.
We have executed 1 to 3 of our strategy with our patent-pending technology demonstrators available for evaluation. We have teamed with an industry leading B2B customer that is evaluating our technology for their customers, and we are in discussions with a number of others.
Blueskytec is excellent at developing technology, but is now at the stage of requiring business experience, contacts and investment to take this technology from the lab/demonstration phase into the mass IoT market. We are actively searching for people with Business skills and investment that will compliment our ultra-high tech startup, in exchange for equity in the business. The level of investment and involvement in the business will drive the rate of expansion and coverage into the projected mass market.

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