Inovo Robotics is developing a low-cost collaborative robot (“cobot”) that can integrate into existing workforce processes. Inovo’s modular design means the cobot can be easily adapted to varying customer requirements. The Foresight Williams Technology EIS Fund invested £1.5m into Inovo in November 2018.
Henry Wood and Jonathan Cheung, previously senior engineers at Northrop Grumman, founded Inovo in 2016. Both founders possess deep technical expertise and experience of delivering complex engineering development projects and, between them, they have more than 30 years of combined experience in robotics and engineering. Williams Advanced Engineering and Inovo are exploring collaboration in areas such as design and development of the electric motor and transmission of the cobot as well as thermal modelling of the drivetrain.
Inovo currently has offices in the UK on Surrey Research Park and in Hong Kong, on the Hong Kong Science and Technology Park (“HKSTP”). Having a presence in the Far East puts Inovo close to its supply chain, largely in Shenzhen, and the fast-growing Chinese market. The first cobot prototype is currently in development with first customer trials scheduled for mid-2019.