Peter Davies, founder of Green Running celebrated being announced as a top 50 entrepreneur of global number one university business incubator, SETsquared at the House of Commons.

Peter was on an exclusive list selected from over 1,000 entrepreneurs who have been supported by SETsquared during the last 15 years.

SETsquared supports high growth tech companies that have significant economic impact, having collectively raised over £1bn of investment and created over 9,000 jobs.

The announcement took place on 29 March – the historic day that Prime Minister Theresa May triggered Article 50 to leave the EU – serving as a reminder of the UK’s strength in innovation and entrepreneurship in the global market.

The companies honoured have reached milestone achievements, including raising significant investment, exporting products globally, creating thousands of jobs or achieving a world first.

Peter has developed Verv, an advanced home energy monitor which uses artificial intelligence to detect what electrical appliances you have in your home and displays the cost breakdown if each appliance in real-time as you use it. Green Running now employs a team of 20 people in London Bridge and has received investment from Centrica; owners of British Gas to further develop Verv and release it to the market.

Speaking of the achievement, Peter said:

“Without SETsquared and their continuous encouragement, support and services I would have been on the wrong side of the ‘80% of start-ups fail within the first 3 years’ statistic! They help remove the pitfalls that most companies fall into and provide you with the real life experience far greater than the average MBA. I am honoured to have been chosen as one of the top 50 entrepreneurs and it’s a privilege to be included with so many other entrepreneurs who are all helping to make a positive impact on the future.”

SETsquared worked with an expert panel of investors and innovation corporate leaders to select the Top 50 Entrepreneur which includes companies from across various industries such as health, green technology and 5G and wireless communication.

Michael Queen, an investor on the panel, said:

“Creating a successful business requires talented entrepreneurs and a great idea but this isn’t enough. SETsquared acts as a catalyst providing support, logistics, training and mentoring to turn dreams into reality. Over the last 15 years, SETsquared has made a major contribution to building a dynamic technology based business sector in the UK.”

The reception at the House of Commons was an opportunity for the entrepreneurs to celebrate their achievements along with MPs and special guests, as well as sharing stories on how they have successfully raised investment, exported products globally or had a major impact on their industry.

Simon Bond, Innovation Director at SETsquared, said:

“When I look back on the last 15 years, I am overwhelmed by the talent and achievements of the entrepreneurs that SETsquared has supported. They have brought world-leading innovations to market and these have been exported across the globe. SETsquared has provided support and a network for these entrepreneurs including access to mentors, experts, international markets and investors, and they are now out there doing SETsquared and the UK proud.”

To see the full top 50 list, visit: setsquared.co.uk/top50

To find out more about Green Running’s product Verv visit: https://verv.energy/