The Future Fifty looks to find 50 high-growth companies and offers public and private sector support to aid growth, create jobs and deliver significant economic impact to the UK.

The scheme is being run by Tech City UK, an organisation launched by UK Prime Minister David Cameron and Chancellor George Osborne to promote successful innovative companies abroad.

Masternaut is the only telematics provider to be listed for the programme and was chosen following a selection process conducted by a 13-strong advisory panel of industry experts, investors, advisors and entrepreneurs.

Martin Hiscox, Masternaut’s chairman and CEO, said: ‘The support we will receive from the Future Fifty scheme will be invaluable as we continue to expand, innovate and develop our product portfolio and enter new geographic markets. We will be continuing to invest heavily in R&D, delivering our customers more ways to drive tangible business benefits through the use of telematics solutions.’ 

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