Superior Surface Finish by Self-tuning Mass Damper in Cutting Tools
| Reference number | |
| Coordinator | MAQ AB - KIC Innoenergy |
| Funding from Vinnova | SEK 300 000 |
| Project duration | June 2018 - October 2018 |
| Status | Completed |
| Venture | Innovative Startups |
Purpose and goal
Purpose of the project for MAQ is: 1. launching of its initial offered products to the market. 2. strengthening of its IPR protection 3. validate the value proposition with end-users 4. create brand awareness and build up distribution network 5. update business plan with market feedback
Expected results and effects
During the project, MAQ had achieved: 1. complete the initial product launch at IMTS2018, the world´s largest machine tool fair in USA 2. registered additional patents to protect the invention 3. receiving re-occurring order from customers 4. signing up agreements with distributors world-wide 5. updated business plan according to the expected growth
Planned approach and implementation
The following activities were accelerated by Vinnova funding: 1. hired engineering efforts to accelerate launching of high quality products 2. hired experts to accelerate IPR registration 3. fast decision for renting the space at IMTS2018 4. accelerated product verification at distributors 5. recruited efforts to update the growth model and business plan