{"id":52373,"date":"2018-10-22T16:19:51","date_gmt":"2018-10-22T15:19:51","guid":{"rendered":"https:\/\/staging.startups.co.uk\/startups-awards\/?p=52373"},"modified":"2021-12-15T11:27:46","modified_gmt":"2021-12-15T11:27:46","slug":"peoples-champion-finalist-2018-switchee","status":"publish","type":"post","link":"https:\/\/staging.startups.co.uk\/startups-awards\/peoples-champion-finalist-2018-switchee\/","title":{"rendered":"People&#8217;s Champion finalist 2018: Switchee"},"content":{"rendered":"<p><b>Start-up name:<\/b><span style=\"font-weight: 400\"> Switchee<br>\n<\/span><b>Founders: <\/b><span style=\"font-weight: 400\">Adam Fudakowski and Ian Napier<br>\n<\/span><b>Started in: <\/b><span style=\"font-weight: 400\">2015<br>\n<\/span><b>Based in:<\/b><span style=\"font-weight: 400\"> London<br>\n<\/span><b>Business description:<\/b><span style=\"font-weight: 400\"> A provider of smart thermostats for affordable housing designed to fight fuel poverty and inform landlords wanting to keep costs down and tenants happy. <\/span><\/p>\n<h2>Shortlisted categories:<\/h2>\n<p><span style=\"font-weight: 400\"><a href=\"\/\/staging.startups.co.uk\/startups-awards\/founders-pledge-social-impact-award-2018-finalists\/\">The Founders Pledge Social Impact Award<\/a><\/span><\/p>\n<h2>The Switchee story:<\/h2>\n<p><span style=\"font-weight: 400\">One in 10 households is in fuel poverty, which means being unable to afford to keep a home adequately heated.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Environmentally, we&rsquo;re leaking energy as 22 million homes were built before 1990, meaning carbon emissions are high in densely populated areas. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Tackling those two major social and environmental issues is why Switchee exists, achieving energy bill and carbon footprint reductions of 15-20%. The company sells its thermostats to landlords for &pound;350 per device. It then charges &pound;50 a year per installed device to provide access to its data analytics services.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The business inspiration came to co-founder Ed Warrick, who worked for eight years in the social housing sector. He noted that residents were not employing smart technology to track energy usage.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Studying at top school INSEAD for their MBAs Warrick teamed up with Russ MacMillan, Ian Napier and Adam Fudakowski, combining their knowledge of affordable housing, engineering and building businesses to set out their plan.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The result has seen investment of more than &pound;2m secured alongside a series of grants, with financial figures heating up nicely. Much of the progress is thanks to Switchee working closely with the Department for Business, Energy and Industrial Strategy (BEIS) and serving landlords with up to 50,000 homes requiring energy efficiency upgrades.<\/span><\/p>\n<h2>Why Switchee made our shortlist:<\/h2>\n<p><span style=\"font-weight: 400\">Focused on the UK, Switchee&rsquo;s addressable market is 25.7 million social homes. And as the only smart thermostat designed specifically for social housing the business looks set to scale fast.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Five pilot schemes have been converted into full commercial orders, including one with Peabody which following a merger with Family Mosaic has 54,000 units to consider.<\/span><\/p>\n<h2>Where to find out more about Switchee:<\/h2>\n<p><b>Website: <\/b><span style=\"font-weight: 400\"><a href=\"\/\/switchee.co\/\" target=\"_blank\" rel=\"noopener\">Switchee.co<\/a><br>\n<\/span><b>Twitter:<\/b><a href=\"https:\/\/twitter.com\/switcheeuk\">@switcheeuk<\/a><\/p>\n\n","protected":false},"excerpt":{"rendered":"<p>Start-up name: Switchee Founders: Adam Fudakowski and Ian Napier Started in: 2015 Based in: London Business description: A provider of smart thermostats for affordable housing designed to fight fuel poverty and inform landlords wanting to keep costs down and tenants happy. Shortlisted categories: The Founders Pledge Social Impact Award The Switchee story: One in 10 [&hellip;]<\/p>\n","protected":false},"author":63583,"featured_media":52513,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[221],"tags":[],"class_list":["post-52373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finalists-2018"],"acf":[],"yoast_head":"\n<title>People&#039;s Champion finalist 2018: Switchee - Startups Awards by Startups.co.uk: Start up a successful business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.startups.co.uk\/startups-awards\/peoples-champion-finalist-2018-switchee\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"People&#039;s Champion finalist 2018: Switchee - Startups Awards by Startups.co.uk: Start up a successful business\" \/>\n<meta property=\"og:description\" content=\"Start-up name: Switchee Founders: Adam Fudakowski and Ian Napier Started in: 2015 Based in: London Business description: A provider of smart thermostats for affordable housing designed to fight fuel poverty and inform landlords wanting to keep costs down and tenants happy. 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