Last year alone, startups that received the Technology Fund loan Guarantees, saved 1.1 million tons of CO2 emissions. The five new companies that joined the portfolio use deep technologies to develop solutions for a wide range of industries.
Technology Fund has revealed the latest list of companies in its portfolio. The addition of seven new companies brings the total number of companies that received loan guarantees to 100, and the total amount of loan guarantees issued to CHF 163 million. By providing loan guarantees to companies that are making a valuable contribution to reducing greenhouse gas emissions, the Technology Fund facilitates access to attractive bank loans.
The following companies will join the recently revealed beneficiaries, that is Novaccess (article on Startupticker) the smart lighting company, and Urban Connect (article on Startupticker), the provider of a shared corporate shared mobility platform.
Bright Sensors (Neuchâtel, founded in 2015) – The EPFL spin-off aims to revolutionise the gas analyser industry and reduce the environmental impact from the cleanest fossil fuel by increasing efficiency and lowering the economic hurdle for renewable gas investments. The company has to date secured more than CHF 3m, which includes a significant R&D grant, seed investment and winning prizes. Last year the company also welcomed its first long term, high volume supply contract.
Kemaro (Eschlikon TG, 2016) – In 2018, Kemaro and its team of eight employees launched the world’s first fully autonomous dry-cleaning robot for industrial use. Large companies, including Coop and Landi, are already using the device. The support from Technology Fund will complement the existing capital obtained in the Series A round.
Pexapark (Schlieren ZH, 2017) – The Zurich based company developed PexaQuote pricing and evaluation engine that brings increased transparency and liquidity to renewables power purchase agreements (PPA) market. Among the users are off-takers such as Engie, Vattenfall, RWE and Axpo and plans to add US power markets to the pricing engine.
QualySense (Opfikon ZH, 2010) – With QSorter, Qualysense introduced an innovative grain, seed and bean sorting technology capable of sorting up to 3000 kennels per second. It is based on space technologies and artificial intelligence, allowing for accurate and fast quality inspection and smart processing.
Ionair (Lucerne, 1993) – Ionair manufactures and commercialises Air Quality System (AQS), an innovative and energy-saving system for germ-reduction in air and odour neutralisation.
(RAN)
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