A Newcastle tech startup is putting the finishing touches to the pitch it will deliver to internet entrepreneur Martha Lane Fox at a competition in London next week.
Radfan has been selected to take part in a pitch event called the British Gas Connected Homes Startup Showcase, a European-wide search for the best tech startups in the fast growing Connected Homes sector.
At stake is £45,000 in funding and a chance for founders Roland Glancy and Simon Barker to pilot their idea with British Gas customers.
The company manufactures smart radiator units from their base in Byker, Newcastle.
The radiators work by attaching to the top of a conventional radiator and distributing the warm air horizontally across a room, instead of letting it rise to the ceiling, making homes up to 2C (35F) hotter at a cost of around £2 a year in electricity, and current trials are showing that it can lower bills as rooms increase in heat without the need to turn up thermostats.
A total of 26 startups from across the UK and Europe will attend the British Gas event next Thursday.
The event is part of a long-term strategy by British Gas to foster and support the most innovative talent in the Connected Homes and Appliances sector so householders and businesses can use energy more efficiently.
Glancy said: “We’ve already received considerable demand for it and we are delighted to be able to meet that demand in time for winter.”