1st place in the BoostUp! RIS competition and working with EIT Manufacturing
It’s always great when somebody recognizes the value of your product. That’s why we are super excited to win 1st place in the BoostUp! RIS competition in the Accelerate Category. Now we are getting ready to collect our prize and start working with EIT Manufacturing Business Creation team to boost our growth and to reach out to new customers.
The competition aims to find and help to grow the best solutions for sustainable, resilient, and socially impactful manufacturing. The Accelerate category is focused on projects that are ready to conquer the market with their finished product. Our AI-powered IoT solution allows manufacturers to predict and detect failures in industry machinery earlier, more efficiently, and decrease the need for human interventions and unnecessary downtime for checks and unscheduled repairs. With thousands of installed devices and sensors, we have proven the viability of our solution, and we are ready to scale up and change the industry for the better.
As a prize for winning the competition, we have received 4-month growth support, including coaching and mentoring on IP management, access to market, business development, and a financial prize of €10.000 to spend on further R&D. Now we are preparing to start working with the EIT Manufacturing Business Creation team in September to get our next-gen maintenance solution to even more customers all over the world.
EIT Manufacturing is an Innovation Community within the European Institute of Innovation & Technology (EIT) that connects the leading manufacturing actors in Europe. Fueled by a strong interdisciplinary and trusted community, they add unique value to European products, processes, services and inspire the creation of globally competitive and sustainable manufacturing. EIT Manufacturing has built a network of ecosystems where people can acquire skills and find opportunities; and where innovators are able to attract investors and accede venture capital.
We owe a big thank you to everyone at EIT Manufacturing for the opportunity to improve and spread our maintenance solution and also to all the people in our team who work hard to make our vision of a more effective and sustainable manufacturing a reality.