Miniaturized active aircooling for Electronics
|Funding from Vinnova||SEK 300 000|
|Project duration||March 2017 - August 2017|
|Call||Innovativa startups fas 1 Våren 2017|
Purpose and goal
The aim of the project as a whole (phase 1 and 2) is to prepare the company and the innovation for international market launch after phase 2. The project had three main goals: 1. Develop a prototype for demonstration with Customer in Phase 2 2. Update the business plan 3. Develop a financial strategy and plan All three goals were met, i.e. a developed prototype ready for demonstration with clients in real application, an updated business plan based on increased market intelligence and a developed financial strategy where our financing needs are clarified.
Expected results and effects
The result of the project is that we have found technical and economic feasibility to continue the innovation process towards international market launch, which may take place at the earliest at the end of 2018, provided a successful phase 2 project. Expected Phase 2 effects are a secure production process in terms of quality, capacity and cost, a developed product that meets customer needs and secured financing for the exploitation phase. Expected growth effects are 40 new jobs within 4 years after market launch, a profit level of 20% of sales and global market presence.
Planned approach and implementation
Phase 1 had 4 WPs. 1 Product Design: The design has been further developed. A dialogue took place with potential customers around design. 2 Study on cost-effective production methods: We have investigated the manufacturing methodology to ensure capacity, quality and proper cost level. 3 Prototype Production: A prototype was produced that can be used in demo with clients. The performance of the product was characterized and lifetime tests were carried out. 4 An investigation of market conditions was conducted and a financial strategy was presented. All activities followed the plan.