It’s been a successful few weeks for Sensor City based PIN IoT, following a recent spell of growth and award wins.
Having first joined the Sensor City community last year, the dynamic SME has this month expanded into a permanent office suite within our innovation hub, and now employs 6 members of staff. This growth comes as a result of their successful business idea, which is becoming widely recognised as a disruptive technology that will change the world.
Last month, PIN IoT battled it out at the city’s biggest business awards event, 2019 Liverpool Echo Regional Business Awards, returning with the coveted title of ‘New Business of the Year’. Now in their 25th year, the awards celebrate the achievements of business entrepreneurship and creativity and were presented at a glittering ceremony at the Anglican Cathedral. Hundreds of city leaders gathered on the night to honour the very best of business, and those who are innovating and growing Liverpool City Region’s economy – from pioneering start-ups to household names. Attendees were also treated to a Q&A with Everton FC chief executive Denise Barrett-Baxendale, who spoke to journalist and broadcaster Nicholas Owen.
Upon accepting the award, PIN IoT’s Founder and Chief Executive Officer Paul Byrne said: “It’s fantastic that the hard work we’ve been putting in to bring our innovative new product to market has been recognised.”
The SME’s real-time asset tracker devices and platform also caught the attention of Merseyside Innovation Award (MIA) judges, resulting in them announcing PIN IoT as their monthly MIA winner in May. This accolade recognises new ideas and aims to help companies transform their ideas into successful businesses, contributing towards Merseyside’s economic development.
Reflecting on the win, Paul Byrne said: “Based at Sensor City, we plan to build a business of global significance from the region, creating large scale employment and development opportunities, whilst supporting the efforts of regional stakeholders to establish Liverpool as a recognised centre of excellence in the development of sensor and Internet of Things technology.”
Thanks to this monthly title win, PIN IoT were then entered into the annual 2019 Merseyside Innovation Awards. Having been shortlisted from nearly 30 hopeful applicants, PIN IoT battled it out with two other pioneering businesses for the top prize, presenting their innovation to a panel of prominent Merseyside business leaders, selected from across the commercial spectrum. Taking home the acclaimed Audience Vote Award, as well as being runners-up for the main award, PIN IoT went on to receive a cash prize of £2,500 and a donation to a charity of their choice.
The award-winning cloud-based solution developed by the team at PIN IoT, improves the visibility and control of mobile asset supply chains, which uses new wireless technology to track waste containers at very low cost. PIN IoT already has their unique product live with Biffa, the No.1 provider of waste solutions to businesses in the UK. Their solution targets a widespread market problem and has the potential to save the Waste industry billions of pounds each year.