Richmond-based Y-cam Solutions Ltd, has succeeded in beating over 200 other UK companies to make it to the finals of the prestigious government-backed award. Internet video monitoring company Y-cam Solutions Ltd, has demonstrated to a panel of experienced judges that its products are worthy of winning the 2008 title.
The London Technology Fund Competition is designed to support young London-based companies that are developing innovative technology products and sponsors include Oracle, PricewaterhouseCoopers and The Royal Bank of Scotland. Prizes include a share of up to £1m in investment funding and over £100,000 worth of training.
Managing Director, Devin Chawda, commented on the progress so far: “I’m thrilled with the way we’re rising through this competition. It’s been hard work meeting all the deadlines, but we’ve got some great products and I’m confident that we will win.” When asked why he entered the competition he said: “We believe we have something special, and now we want to shout about it. This competition has really helped us to raise our profile, and of course, the £1 million funding will help!”
Devin formed the company together with his partner Sheng Tang in Denmark back in January 2007 after he kept receiving false burglar alarm notifications whilst abroad. The worry of receiving a notification, and not being able to see what was happening, led them to develop a solution that allows users to easily and affordably monitor what is going on at their property from anywhere in the world.
Since launching their products last year, Y-cam cameras are sold by a number of high profile resellers such as BT and Dixons Stores Group International.
The final presentation judging takes place on 29th October 2008 the Royal Bank of Scotland headquarters in the City and the awards ceremony is the same evening.