How EFSI benefits SMEs Europe – Barclays case study: NetThings (UK), technology firm

NetThings, an Edinburgh-based technology firm, has developed the first universal platform designed to simplify connecting and controlling devices over the Internet. Heating, water, electricity, security and many more included. Barclays, an EIF shareholder, provided an EU-guaranteed loan under the InnovFin instrument that targets innovative high growth companies as part of the Horizon 2020 programme. The loan agreement benefits from the additional support of the EFSI SME Window managed by EIF. The funding enabled NetThings to trial its new energy management system, Click, with a major hospitality group which includes national chains of pubs, restaurants, hotels and coffee shops. Click enables cost-effective management of large estates or small commercial outlets where energy consumption is high and has the potential to deliver tangible savings by eliminating waste. 

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