UKCRIC Limited has been announced as a finalist in the first Manchester Prize
Summary
UKCRIC Limited was named one of ten finalists in the Manchester Prize and received a £100,000 award to develop its gAIn-Water solution. gAIn-Water uses advanced AI to enable proactive leakage management for water distribution systems, addressing significant losses (over 50 litres per person per day in England and Wales). The award funds an eight-month development period and includes non-financial support such as up to £90,000 of compute, with a chance to win the £1 million grand prize in spring 2025. The project targets large efficiency and sustainability gains for water utilities by shifting from reactive leak detection to proactive management.
Funding
Amount
$125.0K
Total raised
Date
May 21, 2024
Announcement date
Investors
-
Lead investors
Company
ukcric.com
Funded company
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