Spotlight: Bundant
Bundant uses AI sensor technology monitors usage and replenishes supplies of everyday household goods automatically.
| Programmes or services: | LYVA Labs' Incubator |
| Investment or funding: | £10K LYVA Labs ASA Investment |
| Support provided: |
Business modelling, commercialisation development, investment readiness, external partner introductions, grant writing support. |
| Sector: | Deep tech |
| Time of support: | Feb 2024 - ongoing |
| Location: | Liverpool |
Summary
Bundant is one of four innovative businesses to complete LYVA Labs’ first Deep Tech Incubator. Programme modules taught by regional experts helped the team to develop a business model, learn more about IP, develop its brand and marketing strategy, and become investment-ready. In addition, LYVA Labs invested £10,000 into the company (through the incubator) to support product development and commercialisation.
Bundant automates how households re-order food, cleaning products, toiletries, and other items. An AI predictive engine tracks the use of household items, incorporating a BundantBandTM sensor; an intelligent pantry tracking app can be used to find the best price for each item and match items to existing choices, before re-ordering. The technology can reduce waste and cost.
"LYVA Lab’s Deep Tech Incubator has been an exceptional experience. The team are experts in their respective fields; they introduced us to excellent advisors in areas such as IP, finance, team building, and fundraising. Being part of the incubator helped us position our product effectively, expanded our network significantly, and facilitated direct introductions to relevant investors. LYVA Labs offers personalised support that surpasses any other incubator we’ve encountered."