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October 26, 2021

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Biometrics access card business Freevolt Technologies selected for Innovate UK scaleup programme

Freevolt Technologies has been selected for this year’s Scaleup programme to accelerate the commercialisation and growth of the company as well as the launch of the S-Key Biometric Smart Card Product.

Freevolt is a UK technology company developing what it describes as next-generation biometric smart card products for the access control, cryptocurrency wallet, healthcare, and payments sectors. Its technologies recycle and harvest radio frequency (RF) energy from radio transmission networks (e.g. NFC, cellular, Wi-Fi, etc), and aims to deliver advanced biometric smart cards that feature fraud protection and improved security without imposing any changes in the existing card reader infrastructure or the user experience.

The business has been accepted onto the Innovate UK Scaleup Programme, following a three-stage screening process. The Scaleup Programme supports a select group of companies on a journey to exponential growth.

The programme is designed to support “innovative, ambitious, high-growth oriented companies” already on their scaling journey, whose innovations or business models can disrupt an existing market. High-impact engagement and early-stage outcomes can include access to finance, investment readiness or internationalisation plans.

At the centre of the service is a team of high calibre scaleup directors who operate together as a board and provide each of the companies on the programme with a matrix of skills and connectivity. The Scaleup directors will help Freevolt Technologies to structure itself for global growth and work with the company to understand the particular set of needs that it faces on its scaling journey.

Lord (Paul) Drayson PhD FREng, Chairman of Freevolt Technologies, says: “We are incredibly proud to have been selected onto the Scaleup Programme. Following the fantastic work completed by the Freevolt Team as part of our Innovate UK grant, we are now in a position to launch and commercialise our S-Key product. We would like to thank Innovate UK and UKRI for their continued support, and are delighted with the boost the Scaleup Programme will provide as we grow through this next phase of our business.”

Maxine Adam, Head of Business Growth at Innovate UK, says: “Our work with the Freevolt Technologies’ team is a great example of just how much value this programme can add to the endeavours of the business leaders we support. The inputs are varied and blend strategic thinking with invaluable hands-on tactical guidance, to create outcomes that deliver real commercial advantage. It’s a pleasure working with the Freevolt Technologies’ Directors at this pivotal time for their business.”

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