The Lloyd's Register Safety Accelerator is a new initiative aiming to remove barriers preventing industry uptake of cutting-edge safety and risk solutions. Lloyd's Register Foundation -- a charitable foundation helping to protect life and property by supporting engineering-related education, public engagement and the application of research -- will provide funding for the programme. Through their support of the Accelerator, LR and the Foundation are working together for a safer world.
The Lloyd's Register Safety Accelerator will work with LR clients and key industry players to identify areas of operation with the most significant challenges to safety and risk. Technology businesses seeking an application for existing digital solutions will be invited to apply for funding to trial these products in an industrial environment, through the accelerator collaborators. By providing the opportunity for industry partners to be early adopters of innovation without the associated financial risk, and also offering technology companies both funding and a route to market, the Lloyd's Register Safety Accelerator will address issues acting as a barrier to improved industrial operation.
Human safety on-board will be one of the first safety challenge themes; applications addressing this challenge area will open in Summer 2018.
Frequently asked questions
Why is the Lloyd's Register Safety Accelerator better placed than others to do this job?
The Lloyd's Register Safety Accelerator combines the unique strengths of Lloyd's Register Foundation and LR to enable collaboration and identify and accelerate new technologies for rapid impact for society. The Foundation brings deep understanding the safety and risk industry and global industry challenges. LR brings access to industry leaders and a prime channel to market for the global safety industry. Lloyd's Register Safety Accelerator funding and trial opportunities support small innovative businesses to test their solutions in industry environments and enables large industry players to become early adopters of new solutions. Through the Accelerator programme, Lloyd's Register Foundation is opening up the safety and risk market place to support and encourage more digital companies into the sector.
Are you focussing on any particular challenges or themes?
The Lloyd's Register Safety Accelerator focuses entirely on enhancing the safety of life and property at sea, on land and in the air. Within this we may from time to time concentrate on specific industries (e.g. Marine, Oil & Gas) or specific themes (e.g. cyber security, risk analytics, computer vision for human safety). Human safety on-board has been selected as the first safety challenge theme; applications addressing this challenge area will open in Summer 2018.
How does the Lloyd's Register Safety Accelerator decide which challenges or themes to focus on?
The Lloyd's Register Foundation constantly researches safety and risk and provides input for challenges or themes for the Accelerator programme in the form of published research, such as the insight report on global safety challenges. At the same time, LR works with key industry players to identify critical safety and risk challenges which are suitable for the Lloyd's Register Safety Accelerator.
What kind of support does the Lloyd's Register Safety Accelerator offer?
The Lloyd's Register Safety Accelerator will support industry business partners by offering:
Opportunity to focus digital innovation on key business challenges
Support for trialling new solutions in a de-risked environment with early adoption opportunities
Access to innovative new technologies and start ups
The Lloyd's Register Safety Accelerator will support small innovative business through offering:
The ability to trial solutions in the real world with a leading industry player
Funding towards the costs of the trial
Industry specific specialist support and training (regulator, data, systems) from LR and its clients.
Entrepreneur development (e.g. marketing, IP, minimum viable product, business Case, investor pitching)
Who can apply to the Lloyd's Register Safety Accelerator?
The Lloyd's Register Safety Accelerator is open to innovative small businesses across the world who have a product or service that can solve the specific safety challenge.
I'm a small business tech business – what's the benefit for me and how do I get involved?
The safety and risk market is significant and relatively untapped by digital technology companies. Safety and risk covers most major industries and frequently involves assets worth millions of pounds operating in harsh environments. This provides opportunities for all types of digital technology solutions, but especially those that support data driven innovation. Almost every technology solution you have in a city, vehicle, home or on your person also has an application in safety. The Lloyd's Register Safety Accelerator will equip successful candidates with market knowledge, a funded customer trial, as well as access to funding and entrepreneurial support.
I'm a large corporate – what's the benefit for me and how do I get involved?
The Lloyd's Register Safety Accelerator aims to de-risk innovation and enable you to collaboratively trial new digital solutions to your safety and risk challenges. As the successful accelerator company receives trial funding through the Accelerator, your only costs are time and effort to run the trial. Being part of the Lloyd's Register Safety Accelerator programme will introduce you to small innovative companies that are not normally in your supply chain.
I'm an LR client – what's the benefit for me and how can I get involved?
The Lloyd's Register Safety Accelerator aims to de-risk innovation and enable you to collaboratively trial new digital solutions to your safety challenges. As the successful accelerator company receives trial funding through the Accelerator, your only costs are time and effort to run the trial. Being part of the Lloyd's Register Safety Accelerator programme will introduce you to small innovative companies that are not normally in your supply chain. To find out more, please contact your Account Manager.
I'm part of an academic institution – what's the value of the LR Safety Accelerator and how do I get involved?
The Lloyd's Register Safety Accelerator provides trial funding and opportunities for innovative small businesses, including companies coming through university incubators, but is not funding academic institutions. However, if you interested partnering with the programmes as part of safety challenge, please get in touch.