Tech start-up iOpt is the only Scottish company to win a global competition run by one of the UK’s largest property management companies, Places for People, to find companies with technologies who can help facilitate better and more efficient management of building facilities and services.
Approximately 160 companies from around the world entered the competition to be part of The Innovation Lab, a programme developed by Places for People, to find tech talent which could transform the performance of their portfolio of over 195,000 homes in the UK. Glasgow based iOpt is among just 7 companies globally to be selected.
Established in 2016, iOpt uses data analytics, high tech sensors and the latest Internet of Things (IoT) technology to allow owners and managers of large rental property portfolios, such as social housing or build to rent investors, to monitor the internal environment of their assets from afar. iOpt’s bespoke algorithms and machine learning techniques predict when and where issues such as mould growth will arise, allowing preventative intervention before repair costs or tenant health issues escalate.