Tag: startup

Flux Medical Systems

Flux Medical Systems

Flux is a Health Management System that optimizes the workflow of medical professionals so that they can do what they do best: provide excellent patient care.

SLAM Orthopedic

SLAM Orthopedic

SLAM Orthopedic is developing a technology for orthopedic surgery, specifically fracture care using metal screws and plates. Our goal is to help surgeons operate more effectively and efficiently. To do this we have created a sensor that gathers data during drilling and shows the required screw length immediately. This eliminates the need for manual measurement of the bore depth which is imprecise and error-prone, improving the lives of the surgeons and the patients.

Prognoix

Prognoix

1 in 5 men worldwide suffers from erectile dysfunction (ED). Using a home-based digital MedTech solution, Prognoix provides reliable ED analysis that improves clinical outcomes for ED treatment.

Loop

Loop

We are a group of entrepreneurs, designers, and scientists who see things differently. We are a new generation that does not want to leave a scar on this earth but wants to enrich our planet.

We are Loop and we are here to restore nature by bringing human nutrients back into the cycle-of-life with the world’s first living coffin, that does not pollute the soil but feed the earth. From graveyard to forest.

 

Tarnoc

Tarnoc

As a high-tech renewable energy company, Tarnoc is creating next-generation heat pump technologies. We are driven by a mission to decarbonize the urban environment using space-age technology. Our latest heat pump, the Turbineketel, was created to accelerate the electrification of heating systems in the built environment. Using groundbreaking centrifugal compressors and refrigerant free technology, the Turbineketel offers high capacity and temperature heating in a superbly compact footprint.

virtual reality VR

SenseGlove: The hand that lets you feel Virtual Reality

Technology is changing jobs faster than ever. Assembly training becomes an important aspect of many companies, but it is expensive and time consuming. However, there might be a solution that can solve those problems, virtual reality (VR).

VR combines the sense of hearing and seeing and gives the illusion of diving into every possible scenario. Yet, there is one missing aspect, not being able to feel what the eye sees. SenseGlove is solving that problem by bringing the sensing aspect into VR.

FROM A SIMPLE IDEA

It all started with a graduation project. Johannes Luijten was towards the end of his Master’s in Industrial Design at the TU Delft when he took on the task to create a robot that would help people recover after a stroke.

 “He created a big robot, a big exoskeleton that was capable of doing all the natural motions in the arm,” says Gijs den Butter, co-founder of SenseGlove. “From a technology point of view, it was a very interesting finding. The challenge was to translate the design into a feasible business.” This was the point when Gijs came onboard.

 The technology that Johannes had developed was innovative, yet too expensive to fit into a sole business case. A more realistic solution was, thus, to take just one element of the whole robot – in this case the hand – and develop it further.

Originally, Johannes and Gijs made it their goal to develop a glove specifically for people with hand and wrist problems to help them guide through physical therapy. 

THROUGH YES!DELFT

The two co-founders realised that they have an interesting idea with business potential  but getting the certification and hitting the market would take a long time. 

In 2015, they joined the YES!Delft Validation Lab to help them tackle that challenge and soon after, decided to broaden their scope. The team saw that there is a potential need in the VR market, but the change in business models meant that they had to completely redesign the glove.  

“The great thing about YES!Delft is that you have a lot of common-minded people around you,” Gijs says. “Being part of such a community makes it possible to exchange experiences and knowledge with fellow entrepreneurs.” 

TO A GROWING COMPANY

Getting to know their market better, Johannes and Gijs made another decision and this time to shift their focus completely away from medical tech to becoming a VR company.  

The change of business model was also partly due to the interest of car manufacturer Volkswagen (VW) shown in SenseGlove. In 2016, they built their first demonstrator and presented it at the CEBIT conference a year later. That was where VW saw their glove and was interested in using it for their assembling training.

They shipped their first development kits less than two years after the company was founded. Their haptic glove combines force feedback to feel restriction, as well as tactical feedback to feel the texture of an object. This combination enables the users to react similarly as in real life.

“Hand presence in VR is one of the most immersive things. At the moment I grasp this bottle in a virtual environment, I feel resistance with the resistance I feel the density and the size of an object. It feels like I’m actually holding it,” Gijs adds.

In the beginning of 2018, the team wanted to make their first batch of SenseGloves. That was when investor and now Operation Manager Niels Bogert joined the team. Currently, SenseGlove is a team of nine full-time employees, two of whom are the original co-founders. 

For the future, they are working on a wireless version that is less bulky, smaller and easy to clean. The Exo Skeleton can already be purchased as a developer kit. Up until now, SenseGlove sold around 100 kits including clients like Google DeepMind, VW, Scania, Fraunhofer and Airbus.

Milestones

November 2014 – Winners of YES!Delft’s Validation Lab  program

April 2015 – STW grand; – Joined YES!Delft’s Incubation Program

 September 2016 – Secured funding from Unique

 End of 2016 – Change of business model   

 September 2017 – Demonstration at CEBIT

 Beginning of 2018 – Investment from Angel investor and COO

 November 2019 – Funding from Forward.one and Value Creation Capital

Startups

YES!Funded announces its new Director

Following the need from startups for support in their funding journey, we launched YES!Funded a year ago. YES!Funded is a three pillar proposition service, where we help startups become investor ready, introduce them to relevant investors, and if desired we also provide support with actual funding rounds, both in the form of deal making and grants writing. Our service is unique because we provide support to startups in every stage of their funding lifecycle and we can act based on the specific needs of these startups. 

THE FIRST YEAR

When we started YES!Funded, it was all about solving acute funding problems, building trust from scratch with no track record and infrastructure. Because we realized a lack of knowledge on funding issues, we piloted an Investor Readiness Program. In parallel, we built an extensive investors network and sought collaboration with informal investor circles, platforms and banks, in order to organise quick access to a large investor base. We entered into contracts with several startups, succeeding in closing one equity deal, and executing numerous grants applications together with our partner StasburgReeve. 

Now that we know that there is a large need for support in this area, we are going to further build and scale our proposition. To make this possible, YES!Delft asked Bianca Boelema-Noordhuizen to join YES!Funded as the Director. With her experience in M&A (at Philips), venture capital and angel investments, Bianca has in-depth knowledge of the entire startup investment process. Therefore, this new role and task to take YES!Funded to the following stage fits her perfectly. 

THE NEW ROLES

Bianca will be responsible for managing the YES!Funded service from an operational and strategic point of view, and will focus on developing and building the proposition to a national proposition. This includes building a strong team, implementing the Investor Readiness Program, attracting potential partners, establishing an active network of investors and providing startup access to this network.  

Jan Geert is responsible for the investment advice to the startup community, the deal flow and execution of private investment tracks, and together with StrasburgReeve for the grant application flow. With his throughout experience in the tech-startup and investments world, he can advise startups on anything from business planning and finance to startup funding, investor focus, grants, deal structure and governance.

Carola has been part of YES!Funded from the start and played an important role in piloting the Investor Readiness Program. In addition, she supports the startup and investor communities by bringing them together and building an investor network. She makes sure that investors have access to the right investment opportunities, matching their investment focus with startups needs.

Starting your own buisness

TOP 10 TECH STARTUP SUCCESS STORIES: NOVEMBER

Starting your own business can be difficult, yet YES!Delft startups are celebrating successes by securing investments and funds, developing new technology, as well as winning awards. Furthermore, four YES!Delft startups are flying to Las Vegas and attending the biggest tech fair in the world. Read on and find out all about it in this month’s top 10 tech startup success stories!
1 Circularise

The Validation Lab Accelerator and resident in our Digital Hub in The Hague is the only Dutch company that is a finalist in the BASF and Greentown Labs Circularity challenge. Only five teams are selected to move into the finals out of almost 100 that applied.

 

Join the AI/Blockchain Validation Lab!

 

2 Hardt Hyperloop 

They are on an upward trajectory! The ComplexTech startup received a multi-million Euro investment by the Dutch clean energy conglomerate Koolen Industries. They are developing a sustainable high-speed zero-emission transportation system. Yes, you heard correctly, completely CO2 neutral!

3 Kitepower

This year, they got to beey are awarded asto be the Most Innovative Wind Energy Development Solutions Provider in Europe 2019! They received the award by Corporate Vision Magazine. Each nominee was carefully selected based ony their performance over the past 12 months. Industry partners, as well as an in-house jury, choseselected the winners.

4 Atmos UAV

The aviation startup is collaborating with Global Flight GmbH, the biggest drone distributor in Europe. Together, they will be able to provide VTOL fixed-wing Marlyn drones to consumers in Germany and Austria and expand their customer base. 

 

5 SOLHO 

More great news from the Green Village, SOLHO has successfully installed its modular Thermal energy storage (TESMOD). This project is a collaboration with the Propulsion and Power group of the Aerospace faculty at TU Delft. In the upcoming months, they will assess its potential for a district heating application and its scalability. 

6 PATS

Their indoor drone solution will be featured at the 2022 Florida Expo organized by the Urban Green initiative. Their Utopian Island implements new sustainable solutions to make cities greener. Although the Expo will take place in two years, there are many events planned in the run-up to it. 

7 Somnox

They were selected to be the European Robotics startup of 2019! This received the award by Robot Union EU. Their sleeping robot is helping more and more people fall asleep and improve their health. Curious to read more about it? 

 

 

Envision 

The award ‘Dutch Startup of the Year’ goes to Envision! The winner was chosen by the audience and a selected jury at the Computable Awards in which they competed against 10 startups. Moreover, Envision could convince more than 20% of the audience to vote for their innovation.

 

9 ADI (Applied Drone Innovations) 

The robotics startup recieved funding of 250.000 Euro from the Netherlands Organisation for Scientific research (NWO)! With this money, ADI is planning on accelerating their technology and growing its core team. The startup is helping farmers to monitor their crops with the goal of minimizing the spread of diseases. 

 

Starting your own business can be difficult? 

Join YES!Funded

 

10 CES 2020

Las Vegas, our startups are coming! Nowi, Circularise, Sense Glove, Envision, Odd.Bot and Project.BB are attending the CES 2020 in Las Vegas. The biggest and most prestigious technology fair in the world with over 180,000 attendees! Furthermore, Royal Highness Prince Constantijn van Oranje will travel with them. They were selected by TechLeap and can represent themselves from the 7th to the 10th of January 2020. Get to know the startups:

Nowi creates sensors that never runs out of power thereby it reduces the need for changing batteries and unwanted cables. 

Circularise solves communication problems within the value chain by using Blockchain to enable a circular economy.  

Sense Gloves’ innovation brings virtual objects to life so that the user can feel touch and interact with them. 

Envision developed a software that provides people with visual impairment to live more independently for instance by reading menu cards or providing assistance when using public transport. 

Project.BB  has built a stand-alone robot that can detect litter and clean the beach from unwanted trash.

Odd.Bot their robot Weed Whacker provides a higher yield with less manual labor and less use of herbicides.

 

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Warp VR YES!Delft success story

Warp VR: Learning by experience, with the help of virtual reality

For large organizations, carrying out safety and procedural trainings for their staff can often be time-consuming and costly. Just think of a fire drill: You need to plan for it, book a designated time slot and make sure that everyone has evacuated the premises according to the established evacuation plan. This is certainly a crucial training, but one that takes a lot of resources, too. 

Now, what if there was another way? Thijs de Vries and fellow co-founders, Adriaan Rijkens , Danny de Bruijn and Guido Helmerhorst, started Warp VR to help organizations create immersive training scenarios using Virtual Reality (VR). And with clients such as KLM, Tata Steel, ErsteBank and others, they seem to be on the right track.

FROM A SIMPLE IDEA

For Thijs, laying the foundation of Warp was a logical step in his professional career. While studying Industrial Design at the TU Delft, he became interested in the psychology of product design. “There’s a lot of psychology going into video games, for example,” he says. “People get hooked, playing for hours, and I was interested in why that happens.”

Gradually, he went on to advising companies on how to use gaming techniques to influence behavior – anything from increasing employee motivation to improving customer experience. After all, influencing behavior for the better has been, and still is, one of his main professional drivers. 

When Thijs, Adriaan, Danny and Guido met in early 2016, they immediately clicked and decided to join forces in the mission to advance learning by using VR. As the core team behind Warp, they create training scenarios for their customers, and by building those with the help of gaming techniques, achieve engaging and immersive experiences. 

Almost immediately after their launch, they signed Dutch airline KLM as their first customer, and that was exactly what they needed to kick-start their business. 

THROUGH YES!DELFT

For team Warp, gaming techniques is what makes experiences both realistic and memorable. “The way games work is by assuming people don’t know anything about the topic,” Thijs says. “They throw them into the deep but create a safe environment for them to learn and make mistakes. That’s how you learn best – by doing and by experiencing.”

Because the training scenarios are so immersive – think a VR-powered fire drill that doesn’t save you the loud blaring of the fire alarm – users are likely to remember the do’s and don’ts of a safety procedure rather quickly. After all, with VR, you are in the situation both physically and emotionally, and that is bound to leave long-lasting memories.

For the team, getting to where they are now hasn’t been without the help of YES!Delft and their team of experts. Warp joined the Incubation Program in February 2017 with the aim to grow their company and make their technology available on a larger scale. 

“YES!Delft has been a great source of a lot of new knowledge in a very short amount of time,” Thijs says. “The program itself has also given us credibility in the eyes of potential customers.”

TO A GROWING COMPANY 

Creating immersive training scenarios is what got the team of four started. Today, they operate a web-based platform where customers can drag and drop their own scenarios and with the help of 360˚ video, completely create their own training programs. What’s more, the platform provides the analytics behind the trainings, enabling companies to gain insights into how their employees – and their organization as a whole – are performing.

Warp has also partnered up with creative companies who can assist customers in creating highly-effective scenarios. “We call these partners Warp Experts and they can help customers with writing scenarios, but also with the media production,” Thijs says. 

Since their early days, the team has not stopped doing customer development. Today, they have several more clients in their portfolio, including CSU, Patyna, the Ministry of Security and Justice and the Dutch Fire Department. For the last of them, they have developed an app training people on what to do if their house is on fire – the app is available here (for iOS) and here (for Android).

“The use of Virtual Reality for training has gained a lot of traction over the last years. In these years, we have learned a lot from working with some of the biggest customers. We have been able to improve our product and we keep on improving going forward. Virtual Reality training is here to stay and we are confident to play a major part in it,” Thijs says.

Milestones

January 2016 – Company founded; – First client signed

September 2016 – Research by the Academic Medical Center (AMC) validated VR learning works better than e-learning

February 2017 – Admission into YES!Delft’s Incubation Program

November 2017 – First major deal, signed contract with KLM

May 2018 – Winner of the VR Rising Star Award

February 2019 – Winner Get in the Ring Award

March 2019 – Winner Learning Innovation Award

GETTING INVESTOR-READY AND BRIDGING THE VALLEY OF DEATH?

Getting investor-ready and bridging the Valley of Death? Jan Geert van Hall answers

Getting investment as a startup is such a challenge that there are specific hurdles, one of which is the Valley of Death. YES!Funded team from YES!Delft aims to demystify this challenge during the Rotterdam Capital Days with a dedicated event. During September 18th – 22nd, the three-day event aims to demystify the world of capital, boosting access to funding for startups and scaleups. Ultimately, with the goal of connecting entrepreneurs and investors. Anyone with an interest in how to attract and raise capital in the area of Rotterdam is invited. Mainly, there will be investors – angels, corporate venture, venture capital, impact, public, and more. YES!Delft service YES!Funded will host an event about the so-called Valley of Death in funding. 
What is the Valley of Death?

Jan Geert van Hall, the investment director at YES!Delft describes the Valley of Death as a European problem – the funding gap startups almost inevitably run into. This funding gap usually comes about around the time they have a well-working prototype and some paying pilot customers but need a financial boost to start production and activate sales. At this point, the startups are too advanced for government subsidies, and at the same time too early stage for VC’s. At least in Europe. During the YES!Delft dedicated event at Rotterdam Capital Days, Jan Geert and guests will share the experiences of YES!Funded about the Valley of Death and explore possible solutions to this problem.

Through the YES!Delft service YES!Funded startups can get help with financial lifecycle planning and securing the right funds. The initiative is lead by YES!Delft investment director Jan Geert van Hall, who employs his decades of experience in tech and finance to help tomorrow’s leading firms. Is your startup is looking for its first investment or your startup is further down the road? Here Jan Geert shares his top five tips that are essential to make and keep your startup investor-ready. Join YES!Funded at the Rotterdam Capital Days, and learn about bridging the Valley of Death.

1. Financial forecasting

“The ability to look ahead and anticipate for the future is a basic entrepreneurial financial skill. The lack of such a vision within a company is a definite red flag as it shows a lack of financial discipline.”

2. Top team

“This is a big one. First off, the chances of receiving investment are very low if you are a single founder. Ideally, you have a team of people with different disciplines. Secondly, there is a shared long term vision in the company. Especially the founders should be on the same page and have the same ultimate goals, whether that is an acquisition or scaling up.”

3. Intellectual property

“IP is another facet investors will look at, and for several reasons. First, to make sure you will be able to defend your product from infringement. But parallel to that, they want to understand what it is your product is capable of and the problems it claims to solve. Why is your product unique, and why hasn’t it been invented before?”

4. Checking important milestones

“Having a roadmap with milestones and a clear vision is essential. It shows your estimated worth at each milestone but also the amount of money you need to get there is invaluable when presenting yourself to investors. It doesn’t have to be perfect, but it demonstrates you understand your product, your market and you have thought about de-risking your proposition.”  

5. Quantify the risks

In conclusion, everything comes down to this. When you look from the perspective of the investor, you want to be able to assess the risk of your investment. Sure, you can never completely eliminate risk, but startups who can at least show an understanding or can quantify the risks and milestones, have a stronger case for investors.” 

 

Make sure not to miss the event Bridging the Valley of Death during the Rotterdam Capital Days!

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