LCIF invests in platform designed to keep children safe online
UEA’s Low Carbon Innovation Fund Smaller Investments Scheme (LCIF-SIS) has invested £75,000 in a new online platform for children designed to keep them safe online.
Azoomee is a new platform for 5 to 9 year olds, which works on any mobile device. Its strategic partner is the National Society for the Prevention of Cruelty to Children (NSPCC) and the platform aims to solve one of the biggest concerns for parents – keeping their child safe online, whilst also trying to tackle the throwaway culture of electronic devices.
When a child enters Azoomee they have a whole universe of things to explore: videos to watch, from animated cartoons to live action series; art, science & cooking tutorials to get kids off the screen and into the kitchen; and plenty of games to play. All the content is curated, age appropriate and ad-free, offering parents peace of mind.
The Low Carbon Innovation Fund (LCIF) is a venture capital fund in the east of England which has stimulated over £65m of investment into a range of businesses in the east of England. It supports the region’s low carbon economy through venture capital investment in to growing and supporting small businesses.
LCIF invests into promising companies who will either supply of low carbon goods and services or make operational changes with a clear carbon reduction impact. It can invest between £10k-£1m into a growing business that aims to reduce its carbon emissions.
Azoomee aims to tackle the throwaway culture of electronic devices by being a platform which works across a range of devices, therefore negating the need to buy new devices for the platform to work.
Prof John French, CEO Adapt Group at UEA said: “We are delighted to be investing into Azoomee, an exciting new digital platform for children because the company is committed to carbon reduction through server solutions and reducing the throwaway culture of electronic devices. The company is also working with students at the University of East Anglia to develop aspects of the innovative platform which can work across any mobile device.”
Douglas Lloyd, Co-Founder at Azoomee, commented; “Securing an investment from the Low Carbon Innovation Fund is an important milestone for Azoomee. It is the best possible endorsement that we are building our business in a sustainable way.”LCIF was launched in 2010 and is based at the Adapt Low Carbon Group at UEA, managed by Turquoise International and supported by the European Regional Development Fund (ERDF) and will have directly invested £20.5m by December 2015 making it the largest fund in the east of England. Tweet