Startups Avular and Manus Machina immediately received funding after their presentations during the Demo Day of Startupbootcamp HighTechXL in Eindhoven.
“We eat hardware for breakfast”, said co-founder of Startupbootcamp HighTechXL Guus Frericks before the presentations started. But as it turns out, it was a Chinese investor eating startups for breakfast who was really stealing the show.
That’s because Chinese investor Yu Ming Fang signed a 450.000 euro funding contract for Avular on stage. The startup makes drones for inspection and maintenance. Right after he decided to invest another 600.000 euro in Manus Machina, which makes robotic gloves to turn your hand into a controller. Ironically, the presentation of Manus Machina featured a movie clip in which a drone was controlled with their technology.
XL Demo Day went hilarious when one investor from China completely funded two start-ups right on stage! #sbcDemoDay pic.twitter.com/xVQCQaiy1E
— Playing Futures (@Playing_Futures) February 6, 2015
Before this highly remarkable and unusual event, the Dutch startup Star Engines (portable charging stations for EV’s called JERR.E) already announced in their presentation they received 2 million euros from angel investor Frans van Gils. Prior they were only seeking 500.000 euros.
Meet the startups
The success of these three startups almost made me almost forget about the other 8 companies who joined the second batch of the programme. Here they are:
ULU provides businesses tools to connect drivers with their cars. The ‘smart mobility service’ collects data from the car that can be used in insurance, leasing and repairing, among others. CEO Jošt Faganel aims for a 5 million euro revenue in 2016. The service will soon be launched in The Netherlands and Slovenia – later this year in Germany. Faganel expects to go global by the first quarter of 2017.
Unicare (The Netherlands)
Unicare wants to help the 400 million people worldwide with incontinence problems. As a result of 10 years research, their smart kit and healthcare program claims to help women conquer the issue within three months. Speaker Valer Pop (PhD) seeks 1 million euros to expand to Japan. In the future Unicare will know when you got to go, before you know it yourself. “We want to save them from an ‘oops moment’.”
As someone who started six social ventures already, founder and CEO Selena Biffi wants to tackle the landmine problem. Bibak is a modular ‘jerrycan’ that can detect landmines, even the ones with plastic or wooden components. The detector costs about 1000 euros, instead of the 22k ones that exist today. Biffi is seeking for a 300.000 euro investment.
HierStar invented a dynamic smart card called IDNXT which provides one-time passwords (OTP) for multiple markets like payment security, identification and access control. Or, a “super card”, as general manager Sheldon Xie puts it. No more extra devices are needed – just the card, as the OTP appears on the card itself. HierStar is looking for a 1,2 million euro series A funding.
The gear industry is a huge 45 billion euro market, but gears haven’t changed much in a long time. CEO Eric Carrier wants to change how gears work. Gears today are rubbing, the gears of SpinControl are rolling. Not only less friction occurs, you also need much less oil to get things going. Carrier focusses on the industrial machinery market within the gear industry, still good for a 5,5 billion euro market.
The startup already got funded for 1 million euro, but seeks another 600.000 euros for sales, marketing, IP & licensing and application engineering.
Amen Technologies (Greece)
Amen Technologies makes nanomaterial research more affordable with a much smaller and faster system. CEO Alexandra Ioannidou expects a revenue of over 20 million euros in 2019, when the nanomaterial market is worth 70 billion euros.
ATO Gear/RunR (The Netherlands)
RunR by ATO Gear is a line of wearable clothing which give feedback on your exercise. Founder Andrew Statham (PhD) wants to change the way people move during their workout. After 7 years of research, he claims RunR can make people change the way they run within 8 weeks. Statham is looking for 400.000 euros in funding for team expansion and a product launch.
Quantified self startup Respi is a health management system for asthma and COPD patients. With Respi, patients have insight in their lung functioning, all that just in a smartphone app. CEO and product manager Antonios Kouris is looking for 500.000 euros in venture capital. There’s also room for one more angel, who can complete the other half of a 100.00 euro round.
Frontpage image by Startupbootcamp / Marcel Krijger