Prototron can help to turn Your studies into business
Prototron springround is open. Last year Prototron gave out 121,000€ equity free funding for 9 teams, this year Prototron has 120,800€ to support innovative ideas. Several TalTech-backed teams have started their success-stories with the help of Prototron.
The hottest word today is Timey – an idea, which was born eighteen months ago from a TalTech Basics of Entrepreneurship course. The task was to come up with a so-called pseudo business idea and make an actual business plan for it. Behind the idea are young TalTech chemistry students Martin Möllits ja Laurent Läheb. Timey is a smart “best before“ indicator, which is attached to food packaging. It turns red if the product is kept at the wrong temperature.
The first prototype was finished with Prototron financing, which the team won in spring 2018. By now they are at Ajujaht, where team has been chosen among the TOP 30 best business ideas. Timey is cooperating with several companies in Estonia, UK and Scandinavia, they have been listening around also in Namibia.
In 2017, Prototron supported team Hydromast with 50,000€ to develop a flow measuring system. By October 2018, the team was ready to install the system to dock at Sillamäe Harbor to test it in harsh conditions of Baltic Sea. “The interest in the product is so big, we buy the device as a subcontractor and develop the software solution and user interface,” was Asko Ristolainen, a member of the team, slightly suprised of the success. The system is waiting another challenge in the Norwegian and Israeli fish farm.
Madis Uuemaa, head of start-up Smart Load Solutions, put his TalTech's knowledge into business and with the team developed the world's first smart thermostat - Themo. Themo is the first truly intelligent thermostat that checks the electricity price when heating your home and helps save on electricity costs up to 40%. In 2016 Prototron supported the team with 8500 euros, today the production of smart thermostats is their business and Madis has reached Forbes's list of 300 successful people under the age of 30.
Your success-story can be next! Apply www.prototron.ee by March 15.