Caerphilly-based start-up Drone Evolution have been announced as the 2019 winners of the Sir Michael Moritz Start-Up Award at the Welsh Technology awards organised by ESTnet.
The Sir Michael Moritz Tech Start-up Award (sponsored this year by GoCompare) recognises those who have achieved success in a short space of time and have the potential to grow and thrive in the near future. The judges were impressed with the application of technology that Drone Evolution have planned as well as the potential for the business to grow very quickly. After only six months of operation, the company’s service arm has already won a contract delivering asset management for telecoms masts around the UK and is providing 3D mapping, topography and marketing services for clients such as architects, developers and historic buildings managers.
The company’s products division has registered its first IP protection for a tethered system that will allow almost any drone to stay in the air for extended periods of time, powered via a ground station. Representing a significant improvement on the 20 minutes that a typical drone lasts, it is already attracting interest from the military and emergency services.
Co-Founder and Communications Director Toby Townrow said, “We are absolutely thrilled to receive this award. Previous winners have gone on to achieve great things and we see that the increased awareness will really help us achieve our goals for this year and beyond. There were a huge range of nominees across a wide range of tech sectors so this does come as a surprise. We’re also happy to use this award to fly the flag for positive uses of drones here in Wales and across the UK.”
The company will be launching some new products at DSEI in September and will be working with some well-known partners in the process.