Spotlight: Asset Handling
Asset Handling is a “Software as a Service” business that provides a range of products and technologies that turn data into usable information, allowing organisations to make informed decisions based on real insights that affect all areas of their operations.
| Programmes or services: | Advanced Manufacturing Innovation Network, Innovation Consultancy |
| Investment or funding: | Innovate UK Singapore GBIP |
| Support provided: |
Introduction to external expert partners, grant writing support, innovation strategy consultancy, value proposition development, and business model design. |
| Sector: | Digital technology |
| Time of support: | August 2023 - ongoing |
| Location: | Halton |
Summary
Asset Handling has developed novel sensor technology for condition-based monitoring of airport baggage handling systems, in partnership with the University of Huddersfield, following a successful Innovate UK Smart Grant. With the technology developed, and in pilot testing environments with Schipol and Stansted Airports, the team was now ready to move the product into a commercial proposition for other global airport customers. This included European and Asian markets, through the Innovate UK Singapore Global Business Innovation Programme. The LYVA Labs team helped Asset Handling to successfully apply for this programme.
Asset Handling’s team was also looking for help prioritising market opportunities for its new sensor technology. They wanted to develop a clear brand proposition, whilst evolving the team’s commercial exploitation plan. LYVA Labs’ “Develop” workshop used a series of innovation tools and techniques to help prioritise opportunities open to Asset Handling through their new technology and a planned company restructuring.
This work has also helped to provide strong foundations for an investor pitch. Asset Handling is currently looking to secure upwards of £250K in funding or investment to help exploit this new area of its business, which it projects will deliver £4.3M in additional turnover by the end of 2025.
"The work with LYVA Labs has given us confidence to find business partners and customers that will help make this new product a success and huge growth driver for Asset Handling. What I really appreciated was how targeted and practical the advice was. We’re busy trying to launch a new area of business whilst having to balance that with existing client relationships so it’s great having outside support and things we can build on quickly."