Loopcycle shortlisted for prestigious national technology award
Product traceability platform and FEA member Loopcycle has been selected as a finalist for the Deep Tech Investment of the Year award category at the UK Business Angels Association Angel Investment Awards 2022. The award is sponsored by Digital Catapult, and recognises an early-stage business that has accessed equity investment to develop an innovative solution to the challenges of sustainable development.
The Loopcycle platform uses blockchain and machine learning technologies to trace commercial products throughout their lifecycle and build a full-service databank of how the product is managed. This provides essential product intelligence to the manufacturer, enables more efficient product and warranty management by the operator and drives the circular economy by enabling valuable parts to be recovered at end of use. Loopcycle’s clients include Ecofast Environmental Ltd, Electrolux Professional, Chester University and AXA’s Dolphin Square, the largest private rented residential complex in the UK.
Lugano Kapembwa, Co-Founder and CEO shares, “we are thrilled to be shortlisted for this award alongside some of the UK’s most innovative, sustainability-focussed start-ups. It is further validation of our technology and progress towards creating a world where every product is traced and trusted.”
Keith Warren, Chief Exec of the FEA states, “we are delighted to see that an FEA member is being recognised nationally as a driver of sustainable and innovative change. Loopcycle is a leading voice in promoting a circular commercial foodservices sector, and their technology will play a major role in achieving our 5-point-plan for a net zero foodservices sector by 2050.”
The award ceremony takes place on 7th July. We wish them the best of luck!
Loopcycle imagines a world where products can be traced and trusted wherever they go, with a mission to trace a million products by 2025. If you are looking to innovate the way you manage your physical assets and are curious to learn more about Loopcycle reach out at email@example.com.
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