AirEx secures government investment

Airex secures government investment in scheme designed to boost economic recovery from the impact of COVID-19.

June 1, 2020 - Airex Technologies has successfully secured funding as part of a £40 million government investment in start-ups to drive forward new technological advances. The competition was fierce with only a few hundred winners from 8,600 applications.

Business Secretary, Alok Sharma, commented on the aims of the scheme:

“The coronavirus crisis has created challenges that impact the way we live, work and travel but has also prompted a wave of new innovations as businesses look at ways to solve some of the challenges facing our world today.”

The scheme’s aim is to support the development of ambitious and innovative products which will help society during and after the COVID-19 pandemic. For example, the need to stay at home presents new threats to individuals, where indoor air quality factors could increase the risk of infection – this is where vulnerable groups are disproportionally affected.

The investment will support R&D developments to the Airex’ dashboard to  provide rapid response to a significant lifestyle change caused by covid-19, through developing novel features in our product.

Agnes Czako, Co-Founder and Managing Director commented:

“We are extremely grateful for Innovate UK and the UK Government to support our company and to recognise how our cutting-edge technology can make a major contribution to the recovery through supporting vulnerable people.”

Government press release – https://www.gov.uk/government/news/40m-boost-for-cutting-edge-start-ups