Proof of Usefulness Report

Lightricity

Analysis completed on 2/20/2026

+238
Proof of Usefulness Score
Gaining Momentum

Lightricity is a legitimate deep-tech company (Oxford spinout) with verified high-efficiency indoor PV technology (validated by National Physical Laboratory). However, the project submission contains significant inaccuracies: the project name 'GoldenKeeper' is unrelated, the employee count (125) contradicts public records (~11-20), and the traction claim ('most people have used my product') is factually incorrect for a specialized B2B component manufacturer. Despite the poor quality of the submission data, the underlying technology is highly innovative and solves a critical problem (battery-free IoT). The score reflects strong technical utility and confirmed seed funding (~$1.3M), penalized heavily for falsified audience reach and low submission quality.

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Score Breakdown

Real World Utility+21.25
Audience Reach Impact+3.00
Technical Innovation+20.25
Evidence Of Traction+10.00
Market Timing Relevance+8.00
Functional Completeness+0.25
Subtotal+62.75
Usefulness Multiplierx0.95
Final Score+238

Project Details

Project URL
lightricity.co.uk
Description
Lightricity’s mission is to enable a scalable and sustainable IoT by providing the world’s highest efficiency light energy harvesting technology and battery free IoT devices. Lightricity has unique indoor PV technology that is up to 6 x more efficient than the nearest commercially available competition under low light levels. This is available as PV component technology that enables powering of devices not previously possible or the reduction of the area of PV used on very small wireless devices. It is also available in our own battery free PV powered IoT tracker and sensor devices. Our technology enables IoT to really scale efficiently.

Algorithm Insights

Market Position
Growing utility with room for optimization
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline