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SkAD Labs takes home CHF 20’000

03.12.2018 16:14
SkAD Labs

Last year, Topadur won the Swiss Innovation Challenge. This year’s award of CHF 20’000 goes to SkAD Labs, an EPFL spin-off offering Computer-Aided Design and Simulation software.

The Swiss Innovation Challenge is organized by FHNW University of applied sciences and arts, Baselland Kantonal Bank (BLKB) and the Economic Chamber Baselland. The award is designed to support innovators through the development and implementation of their business ideas. Since the award’s launch, the organizers and sponsors have supported over 400 projects and provided financial support of CHF 120’000.

The competition consists of a three stages selection process, each stage comprising a company pitch in front of a changing jury of top technology, business and science experts. The jury bestowed an award on the three startups in front of over 3000 visitors at the «Tag der Wirtschaft Baselland». SkAD Labs received the first prize of CHF 20’000.

“The team feels flattered and is very excited about this recognition,” said Bernhard Petermeier, CEO, and Co-Founder of SkAD Labs. “The quality of participating companies was exceptional, and we're delighted that the jury has chosen us as the most innovative candidate. The award demonstrates that we are very well on track for disrupting the engineering software business.”

The Lausanne based SkAD Labs is a spin-off the Swiss Federal Institute of Technology (EPFL). The startup develops and commercially deploys a Computer-Aided Design and Simulation software based on a patented Medial Axis Representation (MAR) technology developed within the former LICP Laboratory of EPFL. The MAR enables to perform CAD drawing as well as Finite Element or CFD simulations directly on the same model and to store the results seamlessly. The simulation results, particularly the deformed shape, can be fully recovered, and used for evaluation or for consequent operations including further simulations.

The second prize of the Swiss Innovation Challenge went to Involi. SimplicityBio was awarded a special prize for Life Sciences. 

(Press release/ran)

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