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UK’s Department for Business and Trade Announces Winners of Unicorn Kingdom Pathfinder Awards, Backing Next Generation of Tech Scale-Ups

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Four tech scale up companies announced as winners of the Unicorn Kingdom Pathfinder Awards (UKPA) across innovative categories such as AI and cyber security.Programme aims to nurture the world’s most talented scale ups within the UK’s tech ecosystem and help them establish a base in the UK economy.The UK has more unicorns than France and Germany combined and continues to be a prime destination for tech businesses from across the world.

LONDON, Nov. 15, 2024 /PRNewswire/ — Four innovative tech scale up businesses tackling challenges from connecting cancer patients to clinical trials, to improving IT systems’ resistance to cyber-attacks, have been announced as winners of the Unicorn Kingdom Pathfinder Awards (UKPA) – DBT’s largest global awards for tech scale up companies. 

The awards, hosted by the Department for Business and Trade (DBT), provide a unique opportunity to unearth the most promising businesses in tech and builds on the success of the UK’s Tech Rocketship Awards in 2023, which resulted in £67.4 million investment into the UK.  

The government is focused on transforming the UK into even more of a magnet for investors and global businesses of all shapes and sizes. The awards serve as a reminder that the UK is the place to do business, helping to advance further opportunities for investment and growth.

Finalists were drawn from four categories: AI, Cyber Security, Connected and Automated Mobility (CAM) technology and Digital Trade Solutions.  

The winners were announced yesterday at LinkedIn’s HQ in London, where the 10 finalists pitched to a leading panel of judges from the tech industry. They also heard from entrepreneur Alpesh B Patel OBE in a fireside chat, alongside panellists Envisionit Deep AI and Shopline – two successful businesses that have set up in the UK.  

The winners will also attend a roundtable at No10 to discuss their success at the awards and explore ways in which the UK can maintain its position as a premier destination to grow a business.  

Minister for Small Businesses Gareth Thomas said:  

“We have a thriving tech sector worth over $1 trillion, and our Pathfinder Awards are vital in encouraging more tech scale ups from around the world to do businesses here in the UK.  

“Not only does the UK have more unicorns than France and Germany combined, but our country continues to be a prime destination for tech businesses from across the world to come and succeed.”  

Winners of the UKPAs will receive a tailored growth programme to scale up their business in the UK, including support from leading industry and government sector specialists and expertise from DBT’s Global Entrepreneur Programme.   

Winners:  

AI: Massive Bio – an AI-driven platform connecting cancer patients to bio-pharmaceutical clinical trials. The primary goal is for individuals with cancer to be directed to clinical trials tailored almost precisely to their specific condition through accurate and rapid analysis.Cyber Security: CyLock- provides a simple solution to test IT systems’ resistance to cyber-attacks, facilitating ready-to-implement solutions for clients to overcome cybersecurity vulnerabilities.Digital Trade Solutions: Grubtech – empowering restaurants and grocery chains to adopt omnichannel capabilities without the burden of changing core solutions like point of sales.Connected and Automated Mobility: Bottobo – specialises in developing robotics solutions designed to streamline industrial processes and enhance operational efficiency. Mainly focusing autonomous mobile robots (AMRs) and software platforms revolutionising the way warehouses and distribution centres fulfil orders.

Cagatay Culcuoglu, Co-founder and Chief Technology Officer at Massive Bio said:

“It’s amazing to win the UKPA award for AI. The UK is a great place to expand globally and for business operations. We are looking forward to building our footprint in Commonwealth nations with the support of DBT and help cancer patients identify the right clinical trials.”

Diego Padovan, Chief Executive Officer at CyLock said:

“In cyber security, trust is something that is essential to provide your products. This kind of competition is crucial to building trust with our customers.”

Mohamed Hamedi, Co-Founder and Chief Technology Officer at Grubtech said:

“It’s great to have the UK as a base to accelerate our global expansion. Thank you to DBT for supporting us to open doors, remove barriers, and helping us to hit the ground running.”

Sancak Gülgen, Co-Founder of Bottobo said:

“We really appreciate the support from the UK government for startups and future unicorns. The most important part is that they have a clear plan for the future needs of the technology and focus for us.”

Increasing investment is a mission at the heart of this government. Britain is back and open for business, and our thriving tech sector, already worth $1.1 trillion, shows that the UK is the investment destination of choice.  

The UK is one of only three economies in the world with a trillion-dollar tech sector, closely behind the US and China, and we’re encouraging more tech scale ups to come to the UK and operate here.  

Our new Industrial Strategy will be international from the start, taking learnings from the best of what has been achieved globally. It will build on the UK’s strengths to support even more international businesses to thrive in our market. That’s why digital and tech is one of our growth sectors that will be a focus of the strategy.  

Full list of finalists:

AI:  

Massive Bio – An AI-driven platform connecting cancer patients to bio-pharmaceutical clinical trials. Pix Force – Specializes in developing artificial intelligence algorithms applied to computer vision.Westwell – One of the first companies in China to develop autonomous container trucks. Tessact – An AI Video Tech company which uses video recognition technologies built on advanced machine learning systems. 

Digital Trade Solutions: 

Gallarus Industry Solutions – Provides Intelligent Machine, IT & OT solutions that make smart decisions easy for customers. Grubtech – Empowers restaurants and grocery chains to adopt omnichannel capabilities without the burden of changing core solutions like point of sales. 

Connected & Automated Mobility (CAM):

MooVita – Curates smart mobility solutions to roadworthy autonomous vehicles for urban municipalities worldwide. Bottobo – Specializes in developing robotics solutions designed to streamline industrial processes and enhance operational efficiency. 

Cyber Security: 

CyLock – AI-powered B2B SaaS cybersecurity platform that analyses any IT system automatically and remotely without the need for technical knowledge, installation, configuration or maintenance. Cyberdes – Cyberdes provides AI meets semiconductors in the field of cyber security. 

Notes to Editors  

Full details of the awards can be found here: great.gov.uk/ukpa.More information on the Global Entrepreneur Programme can be found here: https://www.great.gov.uk/campaign-site/gep/The expert panel of judges included DBT Director of Investment John Edwards, Deputy Chief Scientific Adviser Tim Kay, Co-Founder of Blue Lake VC Lyuba Guk, and Group Operations Director of Founders Forum Ellie Steel

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View original content:https://www.prnewswire.co.uk/news-releases/uks-department-for-business-and-trade-announces-winners-of-unicorn-kingdom-pathfinder-awards-backing-next-generation-of-tech-scale-ups-302306378.html

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Greenlane Renewables Announces Management and Board of Director Changes

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~Appointment of Stephanie Mason as CFO completes planned succession~

VANCOUVER, BC, Nov. 15, 2024 /CNW/ – Greenlane Renewables Inc. (“Greenlane”) (TSX: GRN) (FSE: 52G) today announces the appointment of Stephanie Mason as Chief Financial Officer (“CFO”), effective January 13, 2025.

Ms. Mason brings over 15 years of experience to her new role as Greenlane’s CFO. Ms. Mason has been with Greenlane for over 4 years, most recently as Director of Finance following a promotion from Corporate Controller. Prior to working at Greenlane, Ms. Mason gained experience at other TSX-listed renewable energy companies managing teams responsible for financial reporting, regulatory compliance and other finance activities. Ms. Mason developed her strong accounting foundation at PricewaterhouseCoopers where she obtained her CPA, CA designation.

“We are excited to welcome Stephanie into the role of CFO,” said Brad Douville, CEO of Greenlane Renewables. “Stephanie brings a depth of expertise in finance, reporting, and operations and provides continuity in leadership at Greenlane. Transitioning overall financial leadership from Monty Balderston to Stephanie starting at the beginning of 2025 completes a planned succession as we continue to advance our strategic goals in the RNG space. During his tenure as CFO over the last couple of years, Monty has provided solid leadership of the finance function at Greenlane and played a pivotal role on the senior management team. I want to thank Monty for all of his contributions.”

“I am honored to become Greenlane’s CFO. This is an organization recognized for its commitment to sustainability and innovation,” stated Ms. Mason. “I look forward to contributing to the company’s financial reporting strength and supporting its growth objectives.”

Mr. Balderston will remain as CFO until voluntarily resigning effective January 13, 2025. Mr. Balderston will support the transition to Ms. Mason upon her appointment, following which he will leave the Company on January 24, 2025.

Further to the management update announced on August 23, 2024, Ian Kane will be completing his transitional role as President and will leave the Company on November 22, 2024 when he will step down from Greenlane’s Board of Directors. The Company wishes to thank Mr. Kane for all of his efforts in helping drive Greenlane’s business plan.

About Greenlane Renewables

Greenlane is driving change: accelerating the energy transition to a net-zero emissions economy. We are cleaning up two of the largest and most difficult to decarbonize sectors of the global energy system: the natural gas grid and commercial transportation. As a pioneer and leading specialist in biogas upgrading, we have been actively contributing to the decarbonization of our planet for over 35 years. The systems we provide transform biogas generated from organic waste into high-value grid-ready renewable natural gas (“RNG”). Our systems produce clean, low-carbon and carbon-negative RNG from organic waste sources including agriculture (such as dairy and hog manure), water resource recovery facilities, food waste, landfills, and sugar mills. Greenlane is the only biogas upgrading company offering and actively deploying the three main upgrading technologies: waterwash, pressure swing adsorption, and membrane separation, plus proprietary biogas desulfurization technology. Greenlane has delivered over 145 biogas upgrading systems into 19 countries, including some of the largest RNG production facilities in the world, and over 160 biogas desulfurization units. For further information, please visit www.greenlanerenewables.com.

SOURCE Greenlane Renewables Inc.

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Eastside Distilling, Inc. Announces Private Placement Offering

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Eastside Distilling, Bridgetown Spirits Corp., a consumer-focused beverage company that builds craft inspired experiential brands and Beeline Financial Holdings, Inc. (“Beeline”), a digital mortgage technology and lending company, announces the completion of a private placement offering (the “Offering”) with accredited investors, resulting in gross proceeds of $1,615,000.

PORTLAND, Ore. and PROVIDENCE, R.I. , Nov. 15, 2024 /PRNewswire-PRWeb/ — Eastside Distilling, Inc. (NASDAQ: EAST) (“Eastside” or the “Company”), a holding company for Bridgetown Spirits Corp., a consumer-focused beverage company that builds craft inspired experiential brands and for Beeline Financial Holdings, Inc. (“Beeline”), a digital mortgage technology and lending company, announces the completion of a private placement offering (the “Offering”) with accredited investors, resulting in gross proceeds of $1,615,000. Under the terms of a Securities Purchase Agreement, the Company sold $1,938,000 in original issue discount Senior Secured Notes (the “Notes”) and Pre-Funded Warrants to purchase 363,602 shares of Common Stock (the “Warrants”).

Joseph Gunnar & Co., LLC acted as the exclusive placement agent in connection with the Offering.

For an overview of the terms of the securities and transactions involved in the Offering, and copies of the forms of transaction documents entered into in connection therewith, please refer to the Company’s Current Report on Form 8-K filed on November 15, 2024 with the Securities and Exchange Commission. The Company plans to utilize the net proceeds for working capital and general corporate expenses, among other uses.

About Eastside Distilling

Eastside Distilling, Inc. (Nasdaq: EAST) is a producer of award-winning craft spirits, including whiskey, vodka, and rum. Founded in Portland, Oregon, Eastside is committed to quality, innovation, and sustainability, delivering exceptional products that reflect the spirit of the Pacific Northwest.

About Beeline Financial Holdings, Inc.

The Company recently closed on a merger with Beeline Financial Holdings, Inc. Beeline is a technology-driven mortgage lender offering a fully digital, AI-enhanced, platform that simplifies and accelerates the home financing process for homeowners and property investors. Based in Providence, RI, Beeline is dedicated to transforming the mortgage industry through innovative technology and customer-centric solutions.

Media Contact

Nick Luzza, BEELINE MORTGAGE , LLC Refinance, 1 4014184461 4014184461, nick@makeabeeline.com, https://www.eastsidedistilling.com/ 

View original content:https://www.prweb.com/releases/eastside-distilling-inc-announces-private-placement-offering-302306634.html

SOURCE BEELINE MORTGAGE , LLC Refinance

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The game-changer: New partnership between real estate tech innovator and luxury brokerage investor just gave agents at select firms valuable advantages and ease

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DALLAS, Nov. 15, 2024 /PRNewswire/ — The parent company of Briggs Freeman Sotheby’s International Realty, the leading luxury brokerage in Dallas, Fort Worth and all of North Texas, announces its groundbreaking partnership with Rechat, real estate’s only AI-powered Experience Management Platform for agents.          

Peerage Realty Partners, the world’s largest strategic investor in Sotheby’s International Realty affiliates, and Dallas-based Rechat have just advanced the real estate industry in a significant leap, through state-of-the-art technology. With the partnership, Rechat is now offering its advanced suite of tools and services to all Peerage Realty Partners brokerages — 206 offices across the U.S. and Canada — equipping its advisors with valuable advancements in real estate technology.          

Rechat was built to solve a universal and persistent problem faced by agents: the need to toggle between disparate platforms to manage the various aspects of their business. Briggs Freeman Sotheby’s International Realty has been working with Rechat almost since its beginning, as a first client, test case and collaborator. Now, years of innovation later, Rechat includes a marketing center, people center and deals center, allowing advisors to work within one integrated ecosystem to streamline tasks, automate listing marketing, create high-quality collateral, track transactions and more.          

Says Rechat CEO Shayan Hamidi: “We are dedicated to equipping agents with all of the tools they need — in one single tab or one single app — to excel in today’s competitive market.”          

Peerage Realty Partners is a leading residential real estate services firm, serving luxury markets across North America. Its brokerage partners include top Sotheby’s International Realty affiliates and other renowned independent firms. It has more than 6,100 advisors across 206 offices in the U.S. and Canada, to whose brokerages it provides strategic input, technology, marketing, operational expertise and much more. Its primary goal is to continually enhance the client, advisor and brokerage experiences through every phase of a transaction and beyond. Peerage Realty is projected to transact about $34.8 billion in sales in 2024 through its partner firms. Peerage Realty Partners, based in Toronto, Canada, has the unique benefit of being a privately owned enterprise, committed to long-term partnerships and investments.  

Says Gavin Swartzman, CEO of Peerage Realty Partners: “We are delighted to partner with Rechat to enhance our technological capabilities and provide our advisors with industry-leading tools. This collaboration aligns seamlessly with our ongoing commitment to leveraging innovation to better serve our clients and propel growth across our network.”    

To learn more, visit briggsfreeman.com, rechat.com and peeragerealty.com.

Peerage Realty Partners — the parent company of Dallas-based Briggs Freeman Sotheby’s International Realty and the world’s largest strategic investor in Sotheby’s International Realty affiliates — and Dallas-based Rechat, the creator of real estate’s only AI-powered Experience Management Platform for agents, have just advanced the real estate industry via state-of-the-art technology. With the partnership, Rechat is now offering its advanced suite of tools and services to all Peerage Realty Partners brokerages — 206 offices across the U.S. and Canada — equipping its advisors with valuable advancements in real estate tech. Rechat has eliminated the need for agents to toggle between disparate platforms to manage the various aspects of their business. After years of collaboration with Briggs Freeman Sotheby’s International Realty, Rechat now includes a marketing center, people center and deals center, allowing advisors to streamline tasks, automate listing marketing, create collateral, track transactions and more.

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-game-changer-new-partnership-between-real-estate-tech-innovator-and-luxury-brokerage-investor-just-gave-agents-at-select-firms-valuable-advantages-and-ease-302306550.html

SOURCE Briggs Freeman Sotheby’s International Realty

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