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IT Entrepreneur and founder of Memset, Kate Craig-Wood, has been shortlisted for the WISE Enterprise and Innovation Award 2013. 

The WISE Awards are a celebration of the considerable female talent that the UK has in science, engineering, technology and the built environment.

Craig-Wood has been selected as a finalist for the Enterprise and Innovation Award category which has been set up to profile female innovators, inventors and entrepreneurs and is sponsored by Atkins.

A young, British, female technology entrepreneur, Craig-Wood was taught computer programming by her father at the age of 9 and has gone on to build Memset, an award-winning IT company hosting over 20,000 of Britain’s largest and busiest websites. 

However, it’s her ground-breaking research into reducing the power consumption of Memset’s services that she believes has lead to her shortlisting in these awards.  Her project, in collaboration with Surrey University, has enabled Craig-Wood to reduce the power consumption of Memset’s virtual machines faster than even Moore’s Law predicts, from 26W per machine to now less than 3W.

With a clear strategy on how this could be translated across the community and marketplace, Craig-Wood’s research has the ability to make a significant difference to the success of the technology environment – a sector critical to the UK’s growth potential.

Speaking on her nomination, Craig-Wood said: “To be shortlisted for this award is not only a fantastic industry acknowledgement but it is also a tremendous tribute to all the team at Memset who play a pivotal role in the company’s commitment to improving energy efficiency.”

Winners of the WISE Awards 2013 will be announced at the awards ceremony on November 14th at the Science Museum in London.