Recently, we accepted placement onto the Innovate UK EDGE Scaleup Programme, which selects only a handful of high potential UK companies each year to help give guidance to achieve scale-up potential of innovations. The programme has recognised the Halo System’s disruptive innovations and widespread applicability, and noted that international expansion has already seen our products enter into 16 global markets.
Innovate UK EDGE is Innovate UK’s national business growth and scaling service. The Scaleup Programme is dedicated to helping the ambitious innovation-focused SMEs to scale and become highly investable, with intensive support offered from a board of senior scale-up directors and strategy specialists.
Maxine Adam, Head of Business Growth at Innovate UK, said: “Admission onto the Scaleup Programme is a rigorous and highly selective process. To be eligible, selectors look for innovative, ambitious, high-growth oriented companies that are already on their scaling journey. Halo Solutions is a perfect candidate in this respect, and we are looking forward to helping scale up, drive growth, and realise its potential as a high-performing, world-leading business.”
Reflecting on admission to the Programme, Halo CEO & Founder Lloyd Major remarked: “The Scaleup Programme offers us a unique opportunity to learn from skilled and knowledgeable professionals who have first-hand experience in growing innovative businesses. This will play a pivotal role in realising our objectives, such as increasing recurring revenue eight-fold, whilst expanding our team and ensuring our level of service delivery remains supremely high. This all feeds in to the ultimate vision we have for what Halo will become and we’re proud to have ben accepted to such a prestigious programme.”
Halo has already begun its scaling journey, having secured a £750,000 investment through the Midven-managed Midlands Engine Investment Fund (MEIF) in October 2022.
This allowed comprehensive developments to the latest version of the software, Halo v5, and growing the team by 400%. These two developments form key pillars of the companies scale-up phase of its journey.