Convero.ai

Active
SaaS
SEIS
London, UK
Company number:
15423807
Founded:
2024-01-17
Stage
Concept
Team Size
2
Investment Metrics
Targeted
$400,000
Minimum Investment Amount
$10,000

Convero.ai is an all-in-one AI suite transforming the way organizations manage meetings, addressing inefficiencies that cost the UK £64 billion annually in lost productivity. Research shows managers spend 50% of their time in meetings, with 35% of that time being unproductive. Convero optimizes the entire meeting lifecycle—before, during, and after—by setting clear goals, fostering inclusive engagement, and automating actionable feedback. Guided by a top-20 global workplace behavioral psychologist, our science-led approach ensures that meetings are effective and inclusive, catering to the needs of neurodiverse, multicultural, and multigenerational teams. With full Microsoft Office workflow integration, Convero helps companies reclaim 100 hours per employee annually, cut unproductive meeting time by 50%, and boost job satisfaction by 30%.

Print application - Innovation Funding Service<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> <meta http-equiv="Content-Type" content="text/html; charset=utf-8"/> <title>Print application - Innovation Funding Service</title> </head> <body> <div class="page" title="Page 2"> <div class="section" style="background-color: rgb(100.000000%, 100.000000%, 100.000000%)"> <div class="layoutArea"> <div class="column"> <p><span style="font-size: 14.000000pt; font-family: 'Helvetica'">Neurodiverse individuals comprise 20% of the UK population and their systematic unemployment costs the UK up to £73.4B/year. Cognitive disabilities faced by neurodiverse individuals include the interpretation of social cues, the expression of positive emotions and structuring work. These impact their ability to secure and maintain employment. Current employment practices do not properly cater for these individuals with 5M remaining unemployed and 51% of neurodiverse employees feeling unsupported, causing individual losses of £30K. The 30-40% unemployment rate among neurodiverse individuals causes productivity losses to companies (30%), while the state finances employment support/jobseeker's allowances (1.8M claims) and universal credit (5.9M claims). </span></p> <p><span style="font-size: 14.000000pt; font-family: 'Helvetica'">Inncommon.ltd is developing Convero.ai, a real-time AI coach to aid the neurodiverse in understanding social conventions, expressing emotions, practising active listening and executive functioning at work. </span></p> <p><span style="font-size: 14.000000pt; font-family: 'Helvetica'">A core feature of Convero.ai is its real-time emotion expression assistant, unmatched by social-skills trainers in live videoconferencing. Convero.ai could enhance neurodiverse social skills and improve team productivity by 30%. A capability not found in meeting transcriber is its real-time active listening assistant. Active listening increases productivity by over 25%+, enhances job satisfaction by 30%+ and reduces conflict by 80%+ (A-Dapt,2024). Covero.ai's integrated task- management tool for meetings, a feature not present in rival products, boosts productivity by 30-40% by addressing neurodiverse individuals' executive function challenges (Barkly,2019). These features are not found in rival products. </span></p> </div> </div> </div> <div class="layoutArea"> <div class="column"> <p><span style="font-size: 8.000000pt; font-family: 'Times'">https://apply-for-innovation-funding.service.gov.uk/application/10124718/print 2/21 </span></p> </div> </div> </div> <div class="page" title="Page 3"> <div class="layoutArea"> <div class="column"> <p><span style="font-size: 8.000000pt; font-family: 'Times'">16/08/2024, 17:31 Print application - Innovation Funding Service </span></p> </div> </div> <div class="section" style="background-color: rgb(100.000000%, 100.000000%, 100.000000%)"> <div class="layoutArea"> <div class="column"> <p><span style="font-size: 14.000000pt; font-family: 'Helvetica'">Inncommon.ltd's serviceable market size is 150 companies, comprising 30% of Fortune 500 companies (Workforce,2023). These companies employ an estimated 2.25M neurodiverse individuals, representing a significant market for Inncommon.ltd's AI coaching solution, Convero.ai, designed to enhance workplace inclusivity and productivity. Revenue projected by year 5 is £11.7M, based on onboarding 45 companies, each with an average of 500 seats at £39/month, positioning Inncommon.ltd favourably in the neurodiverse support market. </span></p> <p><span style="font-size: 14.000000pt; font-family: 'Helvetica'">This industrial research project (majority of project will be spent at TRLs 3-5) seeks to develop a functional MVP for Convero.ai, incorporating emotional expression, active listening and executive assistance. </span></p> </div> </div> </div> </div> </body> </html>

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