Globally, highly intelligent researchers are spending from one to more than five hours each day manually monitoring, capturing, and sharing experiment data: 70% of researchers cannot reproduce another scientist’s experiment, 50% cannot reproduce their own, and this is costing labs over $50 billion.
Reach Industries has created an integrated lab digitalisation platform, Lumi, which leverages computer vision, voice, and machine learning to automatically capture operational data in labs. This system enables scientists to use transformative technology to manage lab operations and achieve a deeper understanding of their reactions and processes. It is already deployed in many labs across all stages and fields of life sciences and is increasing efficiency and accelerating scientific progress.
Silas Adekunle is a Nigerian–British, robotics technology entrepreneur, engineer, and inventor, and CEO of Reach Industries. He is responsible for the company’s vision, direction, and day-to-day operation, as well as stakeholder management, early customer engagement, and business development.
Based on the reviews of the Shott Scale up Accelerator by programme alumni, Silas believes “there is a strong community of peers from which I will be able
to learn and also share relevant knowledge and experience, as well as access to mentors, who themselves are industry leaders and investors.” He believes that this will help develop highly relevant areas of interest in his business plan for the next 24 months, such as people and culture, good governance, customer acquisition, and access to new markets.
The timing of the Shott Scale up Accelerator coincides with the start of Reach Industries’ growth phase, which means fundraising and customer development are crucial. It has built and deployed its minimum viable product to a receptive early customer base and is now starting to scale, with plans to expand to Europe and the US after establishment in the UK market.
Associated Programme
