Describe the company – the elevator pitch …
Cyc-Lok Ltd is an Irish company established in 2014 to develop a Europe-wide and global network of secure bicycle parking facilities in response to the dramatic surge in cycling for recreation and especially for transport in urban commuter zones.
Underpinned by changes in public policy and legislation, increasing capital expenditure on cycling infrastructure and bike to work tax rebate schemes, the growth in daily cycling journeys and proliferation of high-value cycles and equipment is driving up demand for secure individual bike parking and storage.
Cyc-Lok is the first product to market with a publicly accessible, real-time app-based, pay for use locker designed uniquely for cyclists.
How are you different?
For cyclists who demand safe and secure bicycle parking at their destination, Award winning Cyc-Lok© is the only access controlled modular bike locker system containing 12/24/36 separate lockers as part of one unit managed on a cloud-hosted sustainable revenue generating platform. Lockers are also alarmed for further security and they are not site nor user specific.
Why will the company/product do well?
Cycling is a massively growing phenomenon worldwide with the onus on governments to increase cycling as a mode of transport and to create multi modal transport in already busy cities. Theft of bicycles is a major issue worldwide and people are spending more and more money on their bikes and accessories. Cyc-lok Ltd. has addressed all the current failings of existing cycle storage and have designed and produced a product that will work in any city worldwide creating a safe and secure environment for commuting and leisure cyclists.
— Cyc-Lok (@cyclokglobal) August 10, 2017
Where are you based?
Cyc-lok Ltd. is based in Carlow but has links in Silicon Valley in California. We build onsite and ship worldwide.
When was the company launched?
What have been your biggest wins to date?
We installed a considerable amount of units for a large tech company based in Cork which have led us to potentially roll out in many of their other sites worldwide. Cyc-lok Ltd. will also install their first units in Stavanger in Norway in September 2017 on the city streets.
We have units at Pearse street station and Heuston Station in Dublin that are being utilised by commuting cyclists creating a multi-modal transport hub and we have secured the following accolades since start-up.
We have already won awards in:
- Facilities management, London and Ireland for Innovative Service
- Bank of Ireland Startup Awards for Innovation 2015 and 2016 for Sustainability
- ‘A’ Design Awards, Italy for street furniture design 2015
- Finalist Accenture Digital Marketing Awards 2017
- Startup Europe Awards representing Ireland in the GREEN category 2016
- All Ireland Business Summit Awards 2017 finalist for Innovation
- Laois Business Awards Finalist 2017 for Innovation in Business
— Cyc-Lok (@cyclokglobal) August 22, 2017
What type of people (market segment) are you trying to attract to your product?
Cyc-lok has two models currently – that of the public sector so the cycling public has access in cities/towns and also for companies wishing to provide secure staff bike parking.
Cyc-lok Ltd. also offer advertising opportunities to companies to sponsor units for placement in high volume traffic areas.
Cyc-lok can be placed anywhere where there is a need for secure bike parking.
What tips would you give to others looking to build their business?
Have a good in–house accountant from the start and an understanding that there are many ups and downs on the journey. Always surround oneself with coaches and mentors that have travelled the road before you.
Tell us about your team?
Our team’s skills are predominantly in sales, marketing and business development with a strong technical, operational and software back up team. We have experience in setting up successful businesss’ before and have an entrepreneurial ‘can do’ attitude that drives the potential and success of the business.
What are your long term plans for your product/company?
Reflecting on a mission, we see ‘Cyc-Loks’ installed all over the world creating a unified environment for the leisure/commuting cyclist.
What are your favourite tech gadgets?
All things Apple I’m afraid… and a Sennheiser G3 for those all important videos. People will forgive bad video but not bad audio;-)
What tech gadgets do you wish you could use to help you?
I wish the current crop of AI products were better but I also want AR yesterday!
Anything else you’d like to add/we should have asked?
How would you purchase a Cyc-lok unit?
You have 3 ways to buy one!
- For B2B (12 locker unit + tower on site for staff – multi-user) it’s a face to face consultation, site visit and proposal.. we deliver and install
- For a personal locker (for homes, 1 locker, 1 user with private PIN can be an order over the phone), we deliver and install.
- For B2C – we offer pay per use wherever there are public lockers, no registration fees, just pay for time
How do people get in touch with you?