HiiROC, a Hull-based technology extension that has developed a scalable, low-cost, zero-emission hydrogen generation solution, has beaten competition from fast-growing companies across the UK to be crowned Tech Innovator 2022 of KPMG UK.
Over 250 tech startups from across the UK applied to enter the competition, representing the very best in tech innovation across a range of sectors. A shortlist of 80 of the most innovative companies participated in regional qualifiers throughout June to find the final 12 tech titans of the future.
They then went head-to-head in Leeds last night at Nexus, the University of Leeds’ innovation hub. HiiROC CEO Tim Davies delivered a winning speech to a panel of judges from the tech industry and investor community.
Working in collaboration with the University of Hull, HiiROC is a small Hull-based company that has developed thermal plasma electrolysis that will accelerate cost-effective and environmentally friendly hydrogen production using production units that they have also designed, developed and built. .
Thermal plasma electrolysis has lower CapEx and lower operating costs than other technologies and offers a more energy efficient solution than other methods, producing more hydrogen per kW of electricity and with the use of on-site production units, eliminating the transportation costs and reducing storage and compression costs. .
UK Tech Innovator Champion 2022
HiiROC was crowned the UK winner after competing against tech companies from across the country offering the very best in tech innovation across a range of sectors.
Healthtech, cleantech, mobility and advanced manufacturing were represented by multiple finalists, all of which capture the essence of the competition by offering technological solutions and improvements to many societal challenges. HiiROC now joins an impressive list of winners who have done great things, including the likes of FIDO Tech, VividQ, and What3Words.
HiiROC will now advance to the global competition stage in Lisbon in conjunction with the Web Summit, taking place in November, to compete with tech innovators from 23 other countries. The winner of that stage of the competition will be crowned Global Tech Innovator 2022.
Warren Middleton, Senior Partner at KPMG UK Emerging Giants Center of Excellence, said:
“The power of our technology sector to make an impact on a global scale is more important than ever, and our UK innovators are a true success story. Despite global economic challenges, our UK innovators are attracting record levels of venture capital investment, with over £15.7bn raised in the first half of this year, pointing to our ability to create , successfully attract and nurture entrepreneurs, disruptors and scales across the UK.
“We had some amazing finalists here representing innovation across a variety of sectors, all of which capture the essence of the competition by offering technological solutions and improvements to many of the challenges facing the world today. HiiROC is a fantastic example of the growing number of innovative UK companies that are proving that there is plenty of opportunity for growth if companies are prepared to think differently or approach the problem from a new angle. I wish them the best of luck as they go on to represent the UK at the global competition in Lisbon and we are excited to support all of our finalists on their journey as they work to become the tech titans of tomorrow.”
Adrian Poole, Head of Digital Natives at Google Cloud UKI and one of the night’s judges, added:
“The judges had a very difficult task choosing a winner from these exceptional businesses that delivered some very exciting pitches. HiiROC was selected for its clear opportunity to solve a global challenge, strong management team, and opportunity to scale quickly. We are delighted that they now have the opportunity to tell their story on a global stage in front of global investors, experts and companies, as part of the KPMG Private Enterprise Global Tech Innovator competition in Lisbon later this year.”
Tim Davies, CEO and Co-Founder of HiiROC, said: “We are delighted to have been named 2022 KPMG Tech Innovator in the UK, particularly against such inspiring competition from some really great companies. This award is a reflection of our amazing team, the passion they show, and the fun we have along the way.
“We are working to impact global net zero, which is everyone’s problem, so the prospect of being able to show HiiROC in Lisbon to a global audience is an opportunity to gain real momentum around new, improved ways of producing hydrogen. I am looking forward to meeting other international innovators who, like us, are driving solutions to a major global problem. I feel like this is not only a win for us, but also a win for the hydrogen sector to really get momentum around an issue that will have a real impact on climate change.”
Full list of the 12 UK finalists:
A pioneering profitable, smart and sustainable system for moving goods. It consists of wagons that circulate at high speed through a network of surface or underground pipes of about one meter in diameter. The network can span a distance ranging from a few hundred meters to tens of kilometers.
Sector: space technology
A plug-and-play software solution that provides precise timing for businesses around the world, meeting their compliance obligations, improving operational efficiency and reducing costs.
Its network-delivered solution provides compliance and security for global financial markets, media and broadcast, gaming, e-commerce, and distributed ledger technology.
It is highly resilient and secure, verified and auditable, fast and cost-effective to install, scale and maintain, and easy to use in real time for compliance, operations and C-suite.
Region: the midlands of England
Automotive software extension dedicated to making “software-defined vehicles” a reality for vehicle manufacturers and Tier-1s worldwide to accelerate the realization of Net Zero Mobility.
Develops and sells/licenses smart and connected battery management systems to the automotive industry for use in series production in new electric vehicle programs.
It provides proprietary fixed wireless broadband technology, offering telecommunications operators sustainable solutions to deliver high-speed Internet and affordable quality signal to remote areas of low-income households with profitable investments.
Sector: clean technology
A scalable, low-cost, zero-emission hydrogen generation technology solution.
It provides the hardware and software platforms to enable simulation and training centers across the country to provide both in-person and remote surgical training. They connect both trainees and faculty through a system that enables objective metrics and performance tracking, including video recording and the ability to provide subjective feedback from faculty before formal evaluations are completed.
Sector: IS G
It offers MXene and 2D material solutions such as aerogels, developed with our platform technology, for new catalysts, composites and energy storage devices. This meets our goal of developing scalable and cost-effective clean energy infrastructure for a more sustainable future.
Sector: advanced manufacturing
Design and manufacture of ultrasound sensors using an innovative thin-film technique to address the limitations of traditional ultrasound. This includes customizable products and solutions for emerging applications in the industrial, medical, dental, and wearable markets.
Sector: advanced manufacturing
A technology development and integration company exploiting its unique proprietary “Gii®” 3D graphene foam as a component that enables higher performance, lower cost and more sustainable products in multiple $trillion markets.
Sector: clean technology
Region: south central
A provider of carbon dioxide (CO2) solutions, enabling manufacturers with high CO2 emissions, such as chemical manufacturers and foundation industries, to use CO2 as a feedstock in the synthesis of high-value chemicals .
A Cambridge-based company that sells rapid blood tests for stroke diagnosis.
Sector: clean technology
Region: South West and Wales
It commercializes an innovative process developed at the University of Bath to manufacture perfectly spherical biodegradable cellulose-based beads to replace currently used microplastics.
This article is part of a paid partnership with KPMG.