Previsico, received awards for Digital Innovation and Technology Innovation, before concluding the evening by being crowned overall champions.
The judging panel chose Previsico for Innovator of the Year Award because of the important role it has the potential to play in so many people’s lives, adding: “It seemed apt that in the midst of the current levels of unprecedented rain that have affected so many parts of the UK, the award should go to a business set up to help people prepare for flooding.”
Previsico has launched the world’s first property-level surface water forecasting tool to help reduce the devastating losses caused by floods by providing continuous modelling up to 48 hours in advance, updated every three hours, using the latest IBM weather company rainfall forecasts. The technology was first piloted with Leicester City in 2016 and is now live across the UK as well as several global cities to help asset managers, insurance companies, public sector and humanitarian organisations advanced information about expected surface water flood risks in cities, potentially avoiding loss of life or substantial social and economic costs.
Previsico’s Co-Founder and Chief Operating Officer, Dr Avi Baruch, accepted the awards along with the seven members of the spinout, which launched last January in the Incubator on LUSEP, the University’s Science and Enterprise Park.
Fellow Incubator member Kate Walker also received the University Student Innovator of the Year Award for the business she began during her final year studying Product Design Engineering.
Celebrations at the Morningside Area began with a life-time achievement award for Les Zellan, Chairman of Cooke Optics, the Oscar-winning cinema lens manufacturer whose technology underpins over 100 years of outstanding films, and culminated with Previsco’s third award as overall Innovator of the Year.
Loughborough University Pro-Vice Chancellor Enterprise Professor Tracy Bhamra said: “Many congratulations to Previsco, ExpHand Prosthetics and Alcuris. As well as generating skilled employment to boost the regional economy, their success shows how the innovative solutions they are developing have the potential to make a positive impact on everyone’s lives.”
Headline sponsors of the Leicestershire Live Innovation Awards were Morningside Pharmaceuticals, De Montfort University and the University of Leicester.