IBL Receives Acceleration Funding for Fitness & Performance Trackers

Inside Biometrics Ltd (IBL) welcomed Alex Patterson and Gillian Galloway, Chief Executive and Senior Development Officer - Highlands and Islands Enterprise (HIE), to its R&D Centre in August. HIE were given a tour of IBL's Human Performance Sensor Laboratory to see the latest product developments in self-tracking for fitness and health.  The visit coincided with IBL’s recent £1.6m R&D grant award from HIE to accelerate development of its new fitness platform.

Chief Executive of Highlands and Islands Enterprise (HIE), Alex Paterson said: “Inside Biometrics is developing a new generation of personal health monitors and has attracted a high calibre team to its R&D centre. HIE is pleased to support the company to strengthen its research capabilities – enabling product development with strong prospects of global commercialisation.”

Self-tracking is increasingly popular as people strive to gain insights into their health and fitness. Using smart technology, with real-time and accurate results, users can guide physical activity and diet to improve general wellbeing and performance.  An array of devices are becoming available in the form of smart watches, wrist bands, connected mobile phones and autonomous devices that track many parameters such as activity, heart rate, blood pressure, glucose levels and sleep patterns. All are aimed at providing information that can be used by the individual to improve their own health and wellness.  The industry is growing quickly and could achieve revenues of several billion $US by 2018.

Dr. Selly Saini, CEO at Inside Biometrics, said: “The HIE award will allow the Company to fast-track its fitness technology, whilst also contributing to the high-tech employment base already established in the Highlands region.”

 

 

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