Royal Academy of Engineering

The Royal Academy of Engineering is the UK's national academy dedicated to advancing the field of engineering for the benefit of society. Established in 1976 and based in London, it provides leadership and promotes excellence across various engineering disciplines. The Academy is composed of a distinguished Fellowship that includes top engineers, innovators, and entrepreneurs, who play pivotal roles in both business and academia. Its initiatives focus on enhancing the quantity and quality of engineering skills in the UK, fostering innovation and entrepreneurship, and raising public awareness of the importance of engineering. Additionally, the Academy advises policymakers on engineering-related issues, contributing to the development of a sustainable and inclusive economy. Through its educational programs and fellowships, it empowers engineers to leverage their expertise for societal progress.

Rhys Morgan Ph.D

Strategic Projects Director of Skills and Inclusion

Richard Williams Ph.D

Vice President of Fellowship Engagement and Trustee

11 past transactions

AUDITSU

Seed Round in 2025
For years, accessibility was about inclusion, loyalty, and expanding market reach. Now, it’s a financial and legal risk. Organisations have long recognised the value of accessibility. Businesses that prioritised inclusive design could tap into the "Purple Pound", representing £274 billion in annual spending power from disabled consumers in the UK alone. On a global scale, the spending power of people with disabilities is estimated at $13 trillion, including their families and support networks. Making digital products accessible wasn’t just ethical—it was smart business, driving customer loyalty and increasing market reach. But accessibility is no longer just about opportunity—it’s now a legal and financial obligation. With the European Accessibility Act (EAA) taking effect in June 2025 and the Americans with Disabilities Act (ADA) driving record lawsuits, organisations face lawsuits, fines, and potential executive liability for failing to comply. 95.9% of digital products are non-compliant today, yet businesses have no scalable way to measure their risk exposure. Traditional audits take weeks and cost thousands, leaving organisations vulnerable to enforcement. AUDITSU eliminates this risk. We are a data-driven accessibility risk intelligence platform that allows businesses to instantly assess and address accessibility failures at scale. Unlike traditional manual audits, AUDITSU automates risk detection for mobile applications, providing structured compliance data without requiring code changes. While we are fundamentally a data company, we use AI to enhance automation, generate intelligent alt-text suggestions, and improve risk detection accuracy. Our platform ensures businesses stay ahead of global regulations, mitigate legal risk, and protect their reputation. Know your accessibility risk. Fix it faster. Avoid penalties.

TaiSan

Grant in 2023
TaiSan is a company focused on developing innovative battery materials, specifically proprietary quasi-solid gel polymer electrolytes and sodium-potassium metal anodes that facilitate the creation of quasi-solid-state sodium batteries. This technology significantly enhances energy density, making it particularly suitable for battery electric vehicles. By collaborating with battery and automotive original equipment manufacturers, TaiSan aims to scale its technology, having already established 19 non-binding memoranda of understanding. The company's advancements contribute to faster charging capabilities, reduced dendrite growth that can compromise battery life, and minimized risks associated with leakage and fire.

Fourier Audio

Grant in 2022
Fourier Audio is a company specializing in live audio processing, focusing on developing a hardware-enabled audio software platform aimed at enhancing audience experiences while minimizing the environmental impact of live audio events. The company creates innovative audio processing software tools that facilitate music production by enabling real-time frequency analysis of monitored audio. This capability allows audio engineers to effectively identify and address unwanted frequencies, thereby improving the quality of audio outputs. By combining advanced technology with a commitment to sustainability, Fourier Audio seeks to transform the live audio landscape.

Farmz2U

Grant in 2020
Farmz2U is an infrastructure company dedicated to empowering smallholder farmers by providing essential tools and resources to enhance their agricultural operations. The company develops a farming management system that focuses on data-driven solutions to automate production processes, ultimately increasing yield and profitability. Through its web application, Farmz2U offers comprehensive support for farmers at every stage, from pre-farming to post-harvest. This includes digital extension services that deliver tailored agricultural expertise and facilitate market access, enabling smallholder farmers to improve their practices and achieve commercial success.

Farmz2U

Grant in 2020
Farmz2U is an infrastructure company dedicated to empowering smallholder farmers by providing essential tools and resources to enhance their agricultural operations. The company develops a farming management system that focuses on data-driven solutions to automate production processes, ultimately increasing yield and profitability. Through its web application, Farmz2U offers comprehensive support for farmers at every stage, from pre-farming to post-harvest. This includes digital extension services that deliver tailored agricultural expertise and facilitate market access, enabling smallholder farmers to improve their practices and achieve commercial success.

Innovex

Grant in 2020
Innovex is focused on revolutionizing the distribution of off-grid solar energy systems and equipment by utilizing digital tools and embedded technology. The company provides a range of services, including the design, manufacturing, and installation of these energy systems. Additionally, Innovex offers a cloud-based IoT service that allows for remote monitoring and management of solar energy systems. This technology enables installers and distributors to enhance their operations and scale effectively, contributing to the broader adoption of renewable energy solutions.

ToffeeX

Seed Round in 2020
ToffeeX is a developer of a multi-physics generative AI platform aimed at enhancing industrial applications through automated engineering design. The company's cloud-based software generates complex and efficient shapes that optimize the performance of various components. It specializes in fluid-structure generative design, offering solutions for applications such as heat exchangers and valves. By providing reliable design alternatives, ToffeeX enables clients to improve their engineering components effectively and efficiently.

Pelebox

Grant in 2019
Pelebox is a digital platform that specializes in managing internet-enabled smart lockers, primarily designed for the efficient distribution and collection of chronic medications for patients. By implementing smart locker systems, Pelebox enables patients to conveniently collect their repeat prescriptions without the long wait times typically experienced at public clinics. These lockers can be strategically located in various places such as shopping malls, commuter hubs, and partner retail outlets. The system allows users to enroll, manage prescriptions, and securely authenticate their identities when accessing their medications. Additionally, it tracks all user interactions with the lockers for accountability and auditing, helping healthcare providers and pharmacies streamline their operations and reduce the resources needed for manual handling and dispensing of medications.

Matibabu

Grant in 2018
Matibabu is a Phone Application that diagnoses malaria without pricking the body and is attached to a customized Device. The non-invasive diagnostic kit is used to detect malaria.

Tuteria

Grant in 2017
Tuteria is an e-learning platform that connects students with qualified private tutors across Nigeria. The service allows users to find instructors for a wide range of subjects, including academic disciplines, competitive exam preparations, languages, and various skills such as music, swimming, and photography. Tutors are verified for their skills and identity before being listed, ensuring a reliable learning experience. Tuteria operates in major cities like Lagos, Port Harcourt, and Abuja, offering users the convenience of booking one-on-one lessons with nearby instructors tailored to their individual learning needs.

Oxford Heartbeat

Grant in 2017
Oxford Heartbeat develops innovative medical device software designed to enhance the planning and execution of cardiovascular surgeries. The company's platform allows surgeons to visualize critical information about a patient's anatomy by providing insights into blood vessels, tissue, and bone structures. This advanced technology, which leverages predictive computations, big data, and artificial intelligence, enables medical professionals to rehearse procedures and select the most effective surgical scenarios tailored to individual patients. By improving surgical preparation, Oxford Heartbeat aims to reduce complication rates and associated healthcare costs while enhancing overall patient care. The company is currently conducting prospective clinical trials in NHS hospitals, supported by the UK government's AI in Health and Care Awards.
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